Buffalo Two-Unit Investment
46 CUNARD RD Buffalo, NY 14216
46 CUNARD RD, Buffalo, NY, 14216
$399,900
Pending
For Sale
$399,900
Pending
Well-maintained duplex with strong rental history in a sought-after neighborhood.
Property Size2,779 SF
Days on Market189
Property Features for 46 CUNARD RD
General Information
- Standard status
- Pending
- Size
- 2,779 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing Agency
WNY Metro Roberts Realty
(716) 662-0449
Listed by
Alicia Wittman · License #10301219240
(716) 662-0449
Source
Xome
Added: Jan 10 Checked: Jun 1 at 12:51 am
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.
Located in Buffalo, NY, this well-maintained two-unit investment property offers cash flow potential. Each unit features 3 bedrooms and 1 full bath. The property is suitable for owner-occupants or investors. The first-floor unit is vacant, offering immediate move-in or lease-up potential. Occupied units generate $1,500–$1,600 per month in rent. The multi-family property features a traditional two-story upper/lower layout with separate utilities and ample living space. It has a strong rental history in a sought-after Buffalo neighborhood near shopping, dining, and major corridors. The property also includes a 2-car garage with power and a partially fenced yard with multiple off-street parking spaces. The property may be suitable for conventional and other investment-type loans. It features a full basement with separate storage and laundry for each unit and a full attic. Located near the Hertel Ave shopping district in a walkable neighborhood, the property offers proximity to shopping, schools, parks, and highway access. The property blends steady rental performance with long-term appreciation potential.
Key Highlights
- Two well‑maintained units, each with 3 bedrooms and 1 bath.
- Vacant 1st‑floor unit provides immediate move‑in or lease‑up potential.
- Strong rental history generating $1,500–$1,600/month per occupied unit.
Local 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 | $41.7k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $39.4k | $14.17 |
| − OpEx | −$11.8k | −$4.25 |
| NOI | $27.6k | $9.92 |
2,779 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.9K
$344.7K – $459.6K
NOI $27,575 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$362.8K
$317.5K – $423.3K
NOI $25,398 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$668.3K
$584.8K – $779.7K
NOI $46,781 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental history in a sought-after neighborhood.
Where is this duplex located?
The property is located at 46 CUNARD RD Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two well‑maintained units, each with 3 bedrooms and 1 bath.; Vacant 1st‑floor unit provides immediate move‑in or lease‑up potential.; Strong rental history generating $1,500–$1,600/month per occupied unit.
