Updated Two-Unit
For Sale
$384,900
41 Crestwood Avenue, Buffalo, NY 14216
Two spacious apartments combine classic architectural details with updated kitchens, bathrooms, windows, and separate modern utilities.
Property Size2,938 SF
Days on Market75
Property Features for 41 Crestwood Avenue
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,825
Building Details
Building Size
2,938 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Karina Stachowiak · License #10401362457
(716) 908-4212
Source:
Highfallssir
Added: Aug 5
Changed: Oct 12
Last Checked: Oct 16 at 6:33PM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this North Buffalo duplex contains two three-bedroom apartments with generous living rooms, formal dining areas, original hardwood floors, decorative fireplaces, and expanded primary bedrooms. Kitchens and bathrooms have been updated while retaining the property’s period character. The lower apartment is leased, while the upper apartment is vacant, freshly painted, and ready for occupancy. Each unit has separate modern utilities, and the full basement provides individual washer and dryer hookups along with substantial storage. A walk-up attic adds additional storage space.
Exterior features include a durable metal roof, vinyl siding, an upper balcony, updated vinyl windows in the upper apartment, and a generously sized lot. The property is located near Hertel Avenue restaurants, cafes, boutiques, parks, and other local amenities in North Buffalo.
Exterior features include a durable metal roof, vinyl siding, an upper balcony, updated vinyl windows in the upper apartment, and a generously sized lot. The property is located near Hertel Avenue restaurants, cafes, boutiques, parks, and other local amenities in North Buffalo.
Key Highlights
- Two three‑bedroom apartments with formal dining rooms, original hardwood floors, and decorative fireplaces
- Lower apartment is leased; upper apartment is vacant and freshly painted
- Separate modern utilities serve each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,152
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,040
$583.0K
Cap Rate 7%
$416,457
$416.5K
Cap Rate 9%
$323,911
$323.9K
Market Conditions
NOI Build-Up for 2,938 SF
Gross rent
$44.1K $15.00/SF
− Vacancy
−$2.4K −$0.83/SF
EGI
$41.6K $14.17/SF
− OpEx
−$12.5K −$4.25/SF
NOI
$29.2K $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%
$583,040
Cap Rate 7%
$416,457
Cap Rate 9%
$323,911
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.4K – $485.9K
NOI $29,152 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$383.6K
$335.6K – $447.5K
NOI $26,851 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$706.5K
$618.2K – $824.3K
NOI $49,457 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious apartments combine classic architectural details with updated kitchens, bathrooms, windows, and separate modern utilities.
Where is this duplex located?
The property is located at 41 Crestwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Two three‑bedroom apartments with formal dining rooms, original hardwood floors, and decorative fireplaces; Lower apartment is leased; upper apartment is vacant and freshly painted; Separate modern utilities serve each apartment
