Two-Story Duplex with
For Sale
$549,900
Pending
472 Woodward Avenue, Buffalo, NY 14214
Two-family property with covered porches, a tree-filled lot, and an accessible lower apartment with private laundry.
Property Size3,386 SF
Days on Market54
Property Features for 472 Woodward Avenue
General Information
Standard status
Pending
Size
3,386 SF
Elevators
Yes
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,453
Building Details
Building Size
3,386 SF
Year Built
1900
Buildings
1
Listing Agency:
MJ Peterson Real Estate Inc.
Listed By:
Christopher A Lavey · License #30LA0909869
(716) 480-9507
Source:
Highfallssir
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 16 at 3:06PM
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 MJ Peterson Real Estate Inc.
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Investment Insights
Based on property information with market context.
Built in 1900, this two-story duplex includes separate residential space, front and rear open porches, and a 2.5-car garage. The lower apartment offers two bedrooms, a spacious open area, hardwood flooring, natural woodwork, in-unit laundry, and an enclosed elevator lift providing handicap accessibility.
The property sits near St. Mark's, Delaware Park, and the Buffalo Zoo. Its established setting, mature trees, porch areas, and garage provide useful exterior and storage features for a residential income property.
The property sits near St. Mark's, Delaware Park, and the Buffalo Zoo. Its established setting, mature trees, porch areas, and garage provide useful exterior and storage features for a residential income property.
Key Highlights
- Two‑family, two‑story duplex built in 1900
- Lower apartment includes 2 bedrooms and a large open area
- Hardwood floors and natural woodwork in the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,598
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,960
$672.0K
Cap Rate 7%
$479,971
$480.0K
Cap Rate 9%
$373,311
$373.3K
Market Conditions
NOI Build-Up for 3,386 SF
Gross rent
$50.8K $15.00/SF
− Vacancy
−$2.8K −$0.83/SF
EGI
$48.0K $14.17/SF
− OpEx
−$14.4K −$4.25/SF
NOI
$33.6K $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%
$671,960
Cap Rate 7%
$479,971
Cap Rate 9%
$373,311
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.0K
NOI $33,598 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$442.1K
$386.8K – $515.8K
NOI $30,946 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$814.3K
$712.5K – $950.0K
NOI $56,999 @ 7.0% cap · market cap 10.37%
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
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
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-family property with covered porches, a tree-filled lot, and an accessible lower apartment with private laundry.
Where is this duplex located?
The property is located at 472 Woodward Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family, two‑story duplex built in 1900; Lower apartment includes 2 bedrooms and a large open area; Hardwood floors and natural woodwork in the lower unit
