Updated Two-Family Duplex with
For Sale
$389,900
510 Linwood Avenue, Buffalo, NY 14209
Brick-and-stucco property with renovated interiors and flexible month-to-month tenancy.
Property Size2,792 SF
Days on Market50
Property Features for 510 Linwood Avenue
General Information
Standard status
Active
Size
2,792 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,480
Amenities
enclosed front porch
open porch
hardwood floors
natural woodwork
solid surface counters
ceramic tile bathrooms
shared driveway
three-car garage
Building Details
Building Size
2,792 SF
Year Built
1900
Buildings
1
Construction
brick & stucco
Tenancy
Multi
Listing Agency:
Howard Hanna WNY Inc
Listed By:
Kathleen E Quebral · License #10301209822
(716) 903-2530
Source:
Highfallssir
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 2:02PM
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 Howard Hanna WNY Inc
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Investment Insights
Based on property information with market context.
This brick-and-stucco duplex, built in 1900, contains two apartments with renovated kitchens featuring solid-surface counters and ceramic-tile bathrooms. Hardwood flooring and natural woodwork add character throughout both units. The lower apartment includes an enclosed 10' x 18' front porch, while the upper apartment has an open porch of the same size. A shared driveway, three-car garage, and parking space for up to two vehicles provide useful exterior amenities.
Both apartments are leased month to month, and the current tenants are interested in remaining. The property is in Buffalo, just east of Elmwood Village, with Delaware Park, downtown, theaters, restaurants, and schools identified nearby.
Both apartments are leased month to month, and the current tenants are interested in remaining. The property is in Buffalo, just east of Elmwood Village, with Delaware Park, downtown, theaters, restaurants, and schools identified nearby.
Key Highlights
- Two‑family duplex with brick‑and‑stucco exterior, built in 1900
- Renovated kitchens with solid‑surface counters in both apartments
- Ceramic‑tile bathrooms and hardwood floors throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,704
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,080
$554.1K
Cap Rate 7%
$395,771
$395.8K
Cap Rate 9%
$307,822
$307.8K
Market Conditions
NOI Build-Up for 2,792 SF
Gross rent
$41.9K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$39.6K $14.17/SF
− OpEx
−$11.9K −$4.25/SF
NOI
$27.7K $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%
$554,080
Cap Rate 7%
$395,771
Cap Rate 9%
$307,822
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.3K – $461.7K
NOI $27,704 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$364.5K
$319.0K – $425.3K
NOI $25,517 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$671.4K
$587.5K – $783.3K
NOI $46,999 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 14209, NY
8,251
Population
4,729
Households
1.7
Avg Household Size
39
Median Age
46%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
8,251
Density / Sq Mi
$49,359
Median Household Income
$33,329
Median Earnings
$1,025
Median Rent
$408,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-stucco property with renovated interiors and flexible month-to-month tenancy.
Where is this duplex located?
The property is located at 510 Linwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑family duplex with brick‑and‑stucco exterior, built in 1900; Renovated kitchens with solid‑surface counters in both apartments; Ceramic‑tile bathrooms and hardwood floors throughout the units
