Two-Family Residential Income
41 AURORA AVE Buffalo, NY 14224
For Sale
$275,000
Pending
Two 3-bedroom, 1-bath units with separate utilities and a fully fenced yard, plus a vacant lower unit.
Property Size2,236 SF
Days on Market196
Property Features for 41 AURORA AVE
General Information
- Standard status
- Pending
- Size
- 2,236 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1962
Listing Agency:
WNY Metro Roberts Realty
(716) 289-0143
Listed By:
Mitchell Fischer · License #10401372017
(716) 289-0143
Source:
Xome
Added: Jan 10
Changed: Jul 22
Last Checked: Jul 24 at 5:43AM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
41 Aurora Ave is a two-family residential income property featuring two 3-bedroom, 1-bath units. The lower unit is currently vacant, providing immediate flexibility for an owner-occupant or an investor. Both units have separate utilities, public water and sewer, hot water heat, and include appliances.
The exterior includes a fully fenced yard, a covered porch, and additional outdoor space for tenant use.
The property is well suited to investors seeking a straightforward duplex setup with independent systems, while the vacant lower unit offers the option to move in, renovate, or re-lease without waiting for turnover.
The exterior includes a fully fenced yard, a covered porch, and additional outdoor space for tenant use.
The property is well suited to investors seeking a straightforward duplex setup with independent systems, while the vacant lower unit offers the option to move in, renovate, or re-lease without waiting for turnover.
Key Highlights
- Two‑family home with two 3‑bedroom, 1‑bath units (lower unit is vacant).
- Separate utilities, public water and sewer, and hot water heat.
- Appliances included in both units.
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 | $33.5k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.7k | $14.17 |
| − OpEx | −$9.5k | −$4.25 |
| NOI | $22.2k | $9.92 |
2,236 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$291.9K
$255.5K – $340.6K
NOI $20,436 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$537.7K
$470.5K – $627.3K
NOI $37,640 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 3-bedroom, 1-bath units with separate utilities and a fully fenced yard, plus a vacant lower unit.
Where is this duplex located?
The property is located at 41 AURORA AVE Buffalo, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family home with two 3‑bedroom, 1‑bath units (lower unit is vacant).; Separate utilities, public water and sewer, and hot water heat.; Appliances included in both units.
