Renovated Side-by-Side
For Sale
$264,900
352 Davidson Avenue, Buffalo, NY 14215
Updated multifamily property with finished basement, attic space, driveway parking, and a large backyard.
Property Size2,147 SF
Price / SF$123.38
Days on Market69
Property Features for 352 Davidson Avenue
General Information
Standard status
Active
Size
2,147 SF
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$1,552
Building Details
Building Size
2,147 SF
Year Built
1949
Stories
2
Units
2
Listing Agency:
Keller Williams Realty WNY
(347) 357-4253
Listed By:
MD Zahid Al Mamun · License #10401401589
(347) 357-4253
Source:
Northstarwny
Added: Jun 13
Changed: Aug 7
Last Checked: Aug 19 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
This side-by-side duplex at 352 Davidson Avenue features a renovated interior with fresh paint, new luxury vinyl flooring, updated kitchens, and remodeled bathrooms. The property offers 2,147 square feet, 4 bedrooms, and 2 bathrooms, along with an additional finished attic living area.
A full finished basement and finished attic provide flexible bonus space for storage, recreation, a home gym, or other household needs. Exterior features include a long driveway and large backyard. Built in 1949, the property is positioned near local supermarkets and community centers in Buffalo, NY.
A full finished basement and finished attic provide flexible bonus space for storage, recreation, a home gym, or other household needs. Exterior features include a long driveway and large backyard. Built in 1949, the property is positioned near local supermarkets and community centers in Buffalo, NY.
Key Highlights
- Side‑by‑side duplex with 2,147 square feet
- 4 bedrooms and 2 fully upgraded bathrooms
- Fresh paint and new luxury vinyl flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,080
$426.1K
Cap Rate 7%
$304,343
$304.3K
Cap Rate 9%
$236,711
$236.7K
Market Conditions
NOI Build-Up for 2,147 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.2K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.4K $14.17/SF
− OpEx
−$9.1K −$4.25/SF
NOI
$21.3K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,080
Cap Rate 7%
$304,343
Cap Rate 9%
$236,711
Alternative Uses
Best Use
Multifamily LT 5
$304.3K
$266.3K – $355.1K
NOI $21,304 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$280.3K
$245.3K – $327.0K
NOI $19,622 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$516.3K
$451.8K – $602.4K
NOI $36,142 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated multifamily property with finished basement, attic space, driveway parking, and a large backyard.
Where is this duplex located?
The property is located at 352 Davidson Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,147 square feet; 4 bedrooms and 2 fully upgraded bathrooms; Fresh paint and new luxury vinyl flooring throughout
