Updated Two-Family
For Sale
$249,900
Pending
43 Fernhill Avenue, Buffalo, NY 14215
The property combines a two-family layout with updated kitchen, bathroom, and flooring details.
Property Size2,180 SF
Days on Market73
Property Features for 43 Fernhill Avenue
General Information
Standard status
Pending
Size
2,180 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,636
Building Details
Building Size
2,180 SF
Year Built
1915
Listing Agency:
Keller Williams Realty WNY
Listed By:
Mohammad H Rahman · License #10401292662
(585) 689-1726
Source:
Highfallssir
Added: Aug 7
Changed: Oct 15
Last Checked: Oct 16 at 4:45PM
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 1915, this duplex at 43 Fernhill Avenue in Buffalo is configured with two bedrooms and one full bathroom on each floor. The property also includes living space and a formal dining room, providing a defined residential layout for each level.
Recent improvements center on the kitchen, which has new cabinets and countertops. Additional work includes a tiled bathroom and some new flooring throughout the property. The combination of two-family configuration and documented updates provides a clear foundation for evaluating the residence as a multifamily property.
Recent improvements center on the kitchen, which has new cabinets and countertops. Additional work includes a tiled bathroom and some new flooring throughout the property. The combination of two-family configuration and documented updates provides a clear foundation for evaluating the residence as a multifamily property.
Key Highlights
- Two‑family duplex with two bedrooms and one full bath on each floor
- 1915 construction
- Remodeled kitchen with new cabinets and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,631
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,620
$432.6K
Cap Rate 7%
$309,014
$309.0K
Cap Rate 9%
$240,344
$240.3K
Market Conditions
NOI Build-Up for 2,180 SF
Gross rent
$32.7K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.9K $14.17/SF
− OpEx
−$9.3K −$4.25/SF
NOI
$21.6K $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%
$432,620
Cap Rate 7%
$309,014
Cap Rate 9%
$240,344
Alternative Uses
Best Use
Multifamily LT 5
$309.0K
$270.4K – $360.5K
NOI $21,631 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$284.6K
$249.1K – $332.1K
NOI $19,924 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$524.2K
$458.7K – $611.6K
NOI $36,697 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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 - The property combines a two-family layout with updated kitchen, bathroom, and flooring details.
Where is this duplex located?
The property is located at 43 Fernhill Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑family duplex with two bedrooms and one full bath on each floor; 1915 construction; Remodeled kitchen with new cabinets and countertops
