Historic Duplex With Finished
New
For Sale
$699,900
36 Hodge Avenue, Buffalo, NY 14222
Architectural character, modern systems, and flexible living space define this extensively appointed Buffalo property.
Property Size3,822 SF
Days on Market7
Property Features for 36 Hodge Avenue
General Information
Standard status
Active
Size
3,822 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,337
Building Details
Building Size
3,822 SF
Year Built
1888
Listing Agency:
HUNT Real Estate ERA
(716) 465-3160
Listed By:
William Abels · License #10301219347
(716) 465-3160
Source:
Highfallssir
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 8:53AM
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
Investment Insights
Based on property information with market context.
Built in 1888, this Colonial-style duplex combines preserved architectural details with substantial interior space and updated amenities. The main residence includes a double parlor, formal dining room, eat-in kitchen, study, laundry/mudroom, primary suite, four additional bedrooms, and finished basement storage. Hardwood floors, leaded glass, wainscoting, fireplaces, French doors, and a full-width front porch contribute to the property's historic character.
The finished third floor contains a one-bedroom, one-bath apartment with its own living room and kitchen, along with unfinished storage space. Central air, two furnaces, updated mechanical systems, a heated driveway, heated sidewalks, and a wireless security system are among the documented improvements. The property is located at 36 Hodge Avenue in Buffalo, NY 14222, within the Elmwood Village.
The finished third floor contains a one-bedroom, one-bath apartment with its own living room and kitchen, along with unfinished storage space. Central air, two furnaces, updated mechanical systems, a heated driveway, heated sidewalks, and a wireless security system are among the documented improvements. The property is located at 36 Hodge Avenue in Buffalo, NY 14222, within the Elmwood Village.
Key Highlights
- Finished third‑floor apartment with 1 bedroom, 1 bath, living room, and kitchen
- Main residence includes a primary suite plus 4 additional bedrooms
- Built in 1888 with leaded glass, wainscoting, hardwood floors, and multiple fireplaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.3k | $15.00 |
| − Vacancy | −$3.2k | −$0.83 |
| EGI | $54.2k | $14.17 |
| − OpEx | −$16.3k | −$4.25 |
| NOI | $37.9k | $9.92 |
3,822 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$541.8K
$474.1K – $632.1K
NOI $37,924 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$499.0K
$436.6K – $582.2K
NOI $34,931 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$919.1K
$804.2K – $1.07M
NOI $64,338 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Architectural character, modern systems, and flexible living space define this extensively appointed Buffalo property.
Where is this duplex located?
The property is located at 36 Hodge Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Finished third‑floor apartment with 1 bedroom, 1 bath, living room, and kitchen; Main residence includes a primary suite plus 4 additional bedrooms; Built in 1888 with leaded glass, wainscoting, hardwood floors, and multiple fireplaces
