Triplex with Three-Car
36 Dellwood Road, Buffalo, NY 14226
For Sale
$389,900
Two residences occupy the front house, with a separate three-bedroom dwelling behind them.
Property Size2,912 SF
Price / SF$133.89
Days on Market19
Property Features for 36 Dellwood Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
ventless gas fireplace
enclosed sunroom
hardwood floors
central air
wood burning fireplace
Ceiling Fan(s)
Fence
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
HUNT Real Estate ERA
(716) 633-0300
Listed By:
Mark J Brylinski
(716) 390-9500
Source:
Chautauqua4sale
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 3:57PM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
Built in 1927, this 2,912-square-foot triplex comprises a front house with two apartments and a separate rear dwelling. Each front apartment has two bedrooms. The lower unit includes an eat-in kitchen, formal dining room, living room, heated enclosed sunroom, and hardwood flooring. The upper apartment has an eat-in kitchen with solid-surface counters and appliances, a combined living and dining area, and a full bath. Both apartments have central air. A full basement in the front house includes a workshop and two updated electric panels.
The rear dwelling has three bedrooms, a kitchen, dining room, living room, and wood-burning fireplace; the third bedroom has no closet. Part of the house has a basement with laundry equipment, boiler, and hot water tank, while the remaining area has a crawl space. The rear unit does not have central air. A three-car garage provides additional storage, and Dellwood Park and Sattler Field are down the street.
The rear dwelling has three bedrooms, a kitchen, dining room, living room, and wood-burning fireplace; the third bedroom has no closet. Part of the house has a basement with laundry equipment, boiler, and hot water tank, while the remaining area has a crawl space. The rear unit does not have central air. A three-car garage provides additional storage, and Dellwood Park and Sattler Field are down the street.
Key Highlights
- Three‑unit property totaling 2,912 square feet
- Front house contains two two‑bedroom apartments; both have central air
- Separate rear dwelling has three bedrooms, a kitchen, dining room, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,894
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,880
$577.9K
Cap Rate 7%
$412,771
$412.8K
Cap Rate 9%
$321,044
$321.0K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$43.7K $15.00/SF
− Vacancy
−$2.4K −$0.83/SF
EGI
$41.3K $14.17/SF
− OpEx
−$12.4K −$4.25/SF
NOI
$28.9K $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 Rate 5%
$577,880
Cap Rate 7%
$412,771
Cap Rate 9%
$321,044
Alternative Uses
Best Use
Multifamily LT 5
$412.8K
$361.2K – $481.6K
NOI $28,894 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$380.2K
$332.7K – $443.6K
NOI $26,614 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$700.3K
$612.7K – $817.0K
NOI $49,019 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
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Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Buffalo, NY
Properties on Market for Triplexes in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences occupy the front house, with a separate three-bedroom dwelling behind them.
Where is this triplex located?
The property is located at 36 Dellwood Road Buffalo, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three‑unit property totaling 2,912 square feet; Front house contains two two‑bedroom apartments; both have central air; Separate rear dwelling has three bedrooms, a kitchen, dining room, and living room
