Duplex with Full
New
For Sale
$225,000
625 Highgate Avenue, Buffalo, NY 14215
Two separate residences feature hardwood flooring and dedicated living and dining areas.
Property Size2,036 SF
Days on Market6
Property Features for 625 Highgate Avenue
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,872
Building Details
Building Size
2,036 SF
Year Built
1930
Listing Agency:
Scott Realty Group LLC
Listed By:
Cardinale Greene · License #10401360508
(716) 912-9404
Source:
Highfallssir
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
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 Scott Realty Group LLC
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Investment Insights
Based on property information with market context.
This duplex, built in 1930, contains a three-bedroom, one-bathroom residence on the lower level and a two-bedroom, one-bathroom unit above. Both have hardwood floors, along with separate living and dining rooms. The lower residence is occupied by a long-term tenant and is described as well maintained.
A full basement includes an additional room that can serve as storage or recreation space.
A full basement includes an additional room that can serve as storage or recreation space.
Key Highlights
- Two residences: 3 bedrooms and 1 full bath downstairs; 2 bedrooms and 1 full bath upstairs
- Hardwood floors in both units
- Separate living and dining rooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,202
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,040
$404.0K
Cap Rate 7%
$288,600
$288.6K
Cap Rate 9%
$224,467
$224.5K
Market Conditions
NOI Build-Up for 2,036 SF
Gross rent
$30.5K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$28.9K $14.17/SF
− OpEx
−$8.7K −$4.25/SF
NOI
$20.2K $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%
$404,040
Cap Rate 7%
$288,600
Cap Rate 9%
$224,467
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.5K – $336.7K
NOI $20,202 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,608 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,273 @ 7.0% cap · market cap 15.23%
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
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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 - Two separate residences feature hardwood flooring and dedicated living and dining areas.
Where is this duplex located?
The property is located at 625 Highgate Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two residences: 3 bedrooms and 1 full bath downstairs; 2 bedrooms and 1 full bath upstairs; Hardwood floors in both units; Separate living and dining rooms in each unit
