Two-Unit Multifamily
375 MILITARY RD Buffalo, NY 14207
375 MILITARY RD, Buffalo, NY, 14207
$229,900
For Sale
$229,900
Updated two-unit duplex on a double lot with buildable zoning and income history.
Property Size1,936 SF
Price / SF$118.75
Days on Market124
Property Features for 375 MILITARY RD
General Information
- Standard status
- Active
- Size
- 1,936 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
HUNT Real Estate Corporation
(716) 799-3347
Listed by
Brooke Powell
(716) 799-3347
Source
Xome
Added: Mar 21 Updated: Jul 21 at 11:56PM Checked: Jul 21 at 11:56PM
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 Corporation
Investment Insights
Based on property information with market context.
This two-unit multi-family duplex offers bright, open layouts with new tile and vinyl flooring, fresh paint, updated lighting fixtures, and fully updated full bathrooms in both units. Each unit features 3 bedrooms and 1 full bathroom. Additional improvements completed in 2023 include new windows and a new forced-air HVAC system for the upper unit, and a tear-off roof installed in 2017.
The property sits on a rare double lot and includes buildable land zoned N-3R. Basement laundry hook-ups and substantial storage are available in both the basement and attic, and the attic is partially finished/insulated with drywall already installed. The additional lot at 371 Military Road is currently used as extra parking for residents.
Showings are available immediately.
The property sits on a rare double lot and includes buildable land zoned N-3R. Basement laundry hook-ups and substantial storage are available in both the basement and attic, and the attic is partially finished/insulated with drywall already installed. The additional lot at 371 Military Road is currently used as extra parking for residents.
Showings are available immediately.
Key Highlights
- Updated 2‑unit multi‑family duplex on a double lot at 375 Military Road (buildable lot).
- Both units are large and have 3 bedrooms and 1 full bathroom each.
- Units have been consistently rented at $1,500/month (income history).
Local 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 | $29.0k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $27.4k | $14.17 |
| − OpEx | −$8.2k | −$4.25 |
| NOI | $19.2k | $9.92 |
1,936 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.4K
$240.1K – $320.2K
NOI $19,210 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$252.8K
$221.2K – $294.9K
NOI $17,694 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$465.6K
$407.4K – $543.2K
NOI $32,590 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-unit duplex on a double lot with buildable zoning and income history.
Where is this duplex located?
The property is located at 375 MILITARY RD Buffalo, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Updated 2‑unit multi‑family duplex on a double lot at 375 Military Road (buildable lot).; Both units are large and have 3 bedrooms and 1 full bathroom each.; Units have been consistently rented at $1,500/month (income history).
