Duplex with Separate
New
For Sale
$239,900
51 Delwood Road, Buffalo, NY 14217
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,732 SF
Lot Size0.11 Acres
Price / SF$138.51
Days on Market7
Property Features for 51 Delwood Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bathroom 1, Bedroom 2, Bedroom 4
Parking features
Garage
Exterior features
Balcony
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Kenmore-Tonawanda Union Free District
Middle school district
Kenmore-Tonawanda Union Free District
High school district
Kenmore-Tonawanda Union Free District
Directions
Delwood sits between Delaware Rd. and Delaware Ave. North of Kenwood Rd.
Subdivision
Kenmore-Village-146401
Standard status
Active
APN
146401-066-710-0001-012-000
Size
1,732 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4435
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Carpet, Varies, Laminate, Hardwood
Building materials
Stucco
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Buffalo Home Sellers LLC
(716) 471-9266
Listed By:
Brandi Bashor · License #10301221794
(732) 757-6288
Added: Jul 25
Changed: Jul 30
Last Checked: Jul 31 at 12:06AM
MLS# B1701322
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 duplex at 51 Delwood Road offers two rental units with separate utilities and independent mechanical systems in a solid basement. The basement includes separate laundry hookups, supporting easier day-to-day management. The property was built in 1940 and features stucco exterior construction, with a shingle/asphalt roof. Interior flooring includes hardwood, laminate, and carpet, with a gas water heater and forced-air natural gas heating.
The lower unit includes a spacious living area and a formal dining room, with hardwoods reportedly under the carpet. An open-concept kitchen includes updated appliances (conveying as-is) and a walk-in pantry. The first floor also includes two or three bedrooms with dedicated closet space, plus a hallway with a built-in linen pantry and an updated full bathroom. Access to the third bedroom is through the second bedroom.
Upstairs, the bright one-bedroom, one-bath apartment includes a private back deck. Outside, the property includes a 1.5-car garage and green space. Lot size is 0.1101 acres and the property size is 1,732 square feet. Showings begin Thursday, July 30 from 5:00 PM to 7:00 PM, with 24-hour notice required for the upper unit as it is tenant-occupied. Offers begin to be reviewed Tuesday, August 4 at 1:00 PM.
The lower unit includes a spacious living area and a formal dining room, with hardwoods reportedly under the carpet. An open-concept kitchen includes updated appliances (conveying as-is) and a walk-in pantry. The first floor also includes two or three bedrooms with dedicated closet space, plus a hallway with a built-in linen pantry and an updated full bathroom. Access to the third bedroom is through the second bedroom.
Upstairs, the bright one-bedroom, one-bath apartment includes a private back deck. Outside, the property includes a 1.5-car garage and green space. Lot size is 0.1101 acres and the property size is 1,732 square feet. Showings begin Thursday, July 30 from 5:00 PM to 7:00 PM, with 24-hour notice required for the upper unit as it is tenant-occupied. Offers begin to be reviewed Tuesday, August 4 at 1:00 PM.
Key Highlights
- Separate utilities with independent mechanical systems and separate laundry hookups in the basement
- Upper unit includes a private back deck
- Lower unit with formal dining room and living space; hardwoods reportedly under carpet
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 | $26.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $24.6k | $14.17 |
| − OpEx | −$7.4k | −$4.25 |
| NOI | $17.2k | $9.92 |
1,732 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.5K
$214.8K – $286.4K
NOI $17,186 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$226.1K
$197.9K – $263.8K
NOI $15,829 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$416.5K
$364.5K – $485.9K
NOI $29,156 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Explore this area
Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with separate utilities, a garage, and a private outdoor deck.
Where is this duplex located?
The property is located at 51 Delwood Road Buffalo, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Separate utilities with independent mechanical systems and separate laundry hookups in the basement; Upper unit includes a private back deck; Lower unit with formal dining room and living space; hardwoods reportedly under carpet
