Duplex with Turret
New
For Sale
$399,999
44 Greenfield Street, Buffalo, NY 14214
Two vacant apartments each have two bedrooms, formal dining rooms, and recently updated kitchens and bathrooms.
Property Size2,307 SF
Days on Market4
Property Features for 44 Greenfield Street
General Information
Standard status
Active
Size
2,307 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Fillmore-Leroy
Taxes and HOA fees
Annual Taxes
$3,470
Building Details
Building Size
2,307 SF
Year Built
1920
Listing Agency:
Towne Housing Real Estate
Listed By:
Kristina Hogenmiller · License #10401406155
(716) 308-5490
Source:
Highfallssir
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:32PM
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 Towne Housing Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two apartments, each with two bedrooms, one bathroom, and a formal dining room. Both kitchens have quartz countertops and stainless steel appliances; the bathrooms include tile surrounds and granite-top vanities. The first-floor apartment has two turret rooms and an original fireplace. Upstairs, the second apartment offers separate living and dining rooms and a balcony.
The property also includes a three-car garage and driveway. Recent work includes replacement windows, a new boiler, and a full garage-roof replacement. Both apartments are vacant. The Buffalo Zoo is a 12-minute walk away, and Hertel Avenue is a five-minute drive, with restaurants and coffee shops noted along the avenue.
The property also includes a three-car garage and driveway. Recent work includes replacement windows, a new boiler, and a full garage-roof replacement. Both apartments are vacant. The Buffalo Zoo is a 12-minute walk away, and Hertel Avenue is a five-minute drive, with restaurants and coffee shops noted along the avenue.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1920 construction
- First‑floor apartment features two turret rooms and an original fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,891
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,820
$457.8K
Cap Rate 7%
$327,014
$327.0K
Cap Rate 9%
$254,344
$254.3K
Market Conditions
NOI Build-Up for 2,307 SF
Gross rent
$34.6K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$32.7K $14.17/SF
− OpEx
−$9.8K −$4.25/SF
NOI
$22.9K $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%
$457,820
Cap Rate 7%
$327,014
Cap Rate 9%
$254,344
Alternative Uses
Best Use
Multifamily LT 5
$327.0K
$286.1K – $381.5K
NOI $22,891 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$301.2K
$263.6K – $351.4K
NOI $21,084 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$554.8K
$485.4K – $647.3K
NOI $38,835 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
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Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments each have two bedrooms, formal dining rooms, and recently updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 44 Greenfield Street Buffalo, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1920 construction; First‑floor apartment features two turret rooms and an original fireplace
