Updated Two-Family
For Sale
$249,900
Pending
43 Fernhill Avenue, Buffalo, NY 14215
Residential, Buffalo, NY
Property Size2,180 SF
Lot Size0.08 Acres
Days on Market60
Property Features for 43 Fernhill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Grider to Fernhill.
Subdivision
Buffalo City-140200
Standard status
Pending
APN
140200-090-620-0001-008-000
Size
2,180 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
1636
Utilities
Heating system
Natural Gas, Radiant
Water source
Public
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Varies, Tile
Building materials
VinylSiding
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Mohammad H Rahman · License #10401292662
(585) 689-1726
Added: Aug 7
Changed: Oct 1
Last Checked: Oct 5 at 10:06PM
MLS# B1705175
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex offers 2,180 square feet with two bedrooms and one full bathroom on each floor. Both units include living and dining areas, while interior improvements include remodeled kitchen cabinetry and countertops, tiled bathroom finishes, and select new flooring. Hardwood, vinyl, and tile flooring are present throughout the property, with additional basement space included in the layout.
Built in 1915, the home has vinyl siding, radiant natural-gas heat, a gas water heater, and public water service. The property occupies 0.0844 acres in Buffalo, NY, providing a compact residential footprint for an income-producing duplex.
Built in 1915, the home has vinyl siding, radiant natural-gas heat, a gas water heater, and public water service. The property occupies 0.0844 acres in Buffalo, NY, providing a compact residential footprint for an income-producing duplex.
Key Highlights
- 2,180‑square‑foot two‑family duplex
- Two bedrooms and one full bathroom on each floor
- Remodeled kitchens 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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level income property with remodeled kitchens, refreshed baths, and separate residential layouts.
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: 2,180‑square‑foot two‑family duplex; Two bedrooms and one full bathroom on each floor; Remodeled kitchens with new cabinets and countertops
