Duplex with Rear Carriage
52 Springville Avenue, Buffalo, NY 14226
For Sale
$479,000
Seven bedrooms across two residences are fully occupied, with campus and medical destinations nearby.
Property Size2,505 SF
Price / SF$191.22
Days on Market82
Property Features for 52 Springville Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Balcony
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Red Door Real Estate WNY LLC
(716) 768-1177
Listed By:
Carissa Sutter
(716) 603-3861
Source:
Deeprootedrealty
Added: Aug 21
Changed: Nov 8
Last Checked: Nov 9 at 10:14AM
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 Red Door Real Estate WNY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1915, contains 2,505 square feet and is fully occupied. Its seven bedrooms are distributed between the primary dwelling and a rear carriage house, which has two bedrooms.
The property is near UB South Campus, University Plaza, the Buffalo VA Medical Center, and the University at Buffalo School of Dental Medicine. Public transportation, shopping, dining, and everyday services are also in the surrounding area.
The property is near UB South Campus, University Plaza, the Buffalo VA Medical Center, and the University at Buffalo School of Dental Medicine. Public transportation, shopping, dining, and everyday services are also in the surrounding area.
Key Highlights
- Seven bedrooms total, including two in the rear carriage house
- Fully occupied duplex
- 2,505 square feet; built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,856
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,120
$497.1K
Cap Rate 7%
$355,086
$355.1K
Cap Rate 9%
$276,178
$276.2K
Market Conditions
NOI Build-Up for 2,505 SF
Gross rent
$37.6K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$35.5K $14.17/SF
− OpEx
−$10.7K −$4.25/SF
NOI
$24.9K $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%
$497,120
Cap Rate 7%
$355,086
Cap Rate 9%
$276,178
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.3K
NOI $24,856 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$327.1K
$286.2K – $381.6K
NOI $22,894 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$602.4K
$527.1K – $702.8K
NOI $42,168 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Buffalo, NY
Properties on Market for Duplexes in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Seven bedrooms across two residences are fully occupied, with campus and medical destinations nearby.
Where is this duplex located?
The property is located at 52 Springville Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Seven bedrooms total, including two in the rear carriage house; Fully occupied duplex; 2,505 square feet; built in 1915
