Duplex with Updated
New
For Sale
$430,000
59 Inwood Place, Buffalo, NY 14209
The two-unit layout pairs a spacious upper residence with a separate three-bedroom apartment below.
Property Size2,800 SF
Days on Market5
Property Features for 59 Inwood Place
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,931
Building Details
Building Size
2,800 SF
Year Built
1920
Buildings
1
Listing Agency:
Bashor Realty LLC
Listed By:
Brandi Bashor · License #10491214503
(732) 757-6288
Source:
Highfallssir
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:22PM
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 Bashor Realty LLC
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Investment Insights
Based on property information with market context.
This Buffalo duplex is arranged as a substantial owner’s residence across the second and third floors, plus a separate lower-level rental unit. The upper home has four or more bedrooms, a formal dining room, two newer bathrooms, updated kitchen appliances, fireplaces, original woodwork and restored hardwood floors. The lower apartment includes three bedrooms, an updated kitchen and bathroom, hardwood flooring, and refreshed interior finishes.
Recent work includes plumbing and electrical updates, HVAC service, a replacement hot water heater, laundry setup, and chimney-cap replacement. The property is in Elmwood Village, near Elmwood Avenue, with expressway access available within minutes.
Recent work includes plumbing and electrical updates, HVAC service, a replacement hot water heater, laundry setup, and chimney-cap replacement. The property is in Elmwood Village, near Elmwood Avenue, with expressway access available within minutes.
Key Highlights
- Two‑family layout with an upper residence spanning the second and third floors
- Upper residence has four or more bedrooms and two newer bathrooms
- Lower apartment includes three bedrooms, an updated kitchen, and an updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,783
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,660
$555.7K
Cap Rate 7%
$396,900
$396.9K
Cap Rate 9%
$308,700
$308.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$42.0K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$39.7K $14.17/SF
− OpEx
−$11.9K −$4.25/SF
NOI
$27.8K $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%
$555,660
Cap Rate 7%
$396,900
Cap Rate 9%
$308,700
Alternative Uses
Best Use
Multifamily LT 5
$396.9K
$347.3K – $463.1K
NOI $27,783 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$365.6K
$319.9K – $426.5K
NOI $25,590 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$673.3K
$589.2K – $785.6K
NOI $47,134 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
977
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
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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 - The two-unit layout pairs a spacious upper residence with a separate three-bedroom apartment below.
Where is this duplex located?
The property is located at 59 Inwood Place Buffalo, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑family layout with an upper residence spanning the second and third floors; Upper residence has four or more bedrooms and two newer bathrooms; Lower apartment includes three bedrooms, an updated kitchen, and an updated bathroom
