Updated Duplex with Two-Car
For Sale
$429,000
Pending
65 North Park Avenue, Buffalo, NY 14216
Two residential units feature renovated kitchens and bathrooms, hardwood floors, private living areas, and separate bedroom accommodations.
Property Size2,720 SF
Days on Market53
Property Features for 65 North Park Avenue
General Information
Standard status
Pending
Size
2,720 SF
Property subtype
Multi Family
Site & Location
Neighborhood
North Park
Road Access
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,041
Amenities
faux fireplace
balcony
backyard deck
hardwood floors
updated kitchen
updated bathroom
full basement
full attic
driveway
garage
Building Details
Building Size
2,720 SF
Year Built
1922
Buildings
1
Listing Agency:
Gurney Becker & Bourne
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Source:
Highfallssir
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 28 at 4:53PM
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 Gurney Becker & Bourne
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Investment Insights
Based on property information with market context.
This 1922 duplex contains two residential units, each arranged with three bedrooms and one bathroom. Both offer refreshed kitchens with stainless steel appliances, updated bathrooms, hardwood flooring, formal dining rooms, and spacious living areas with faux fireplaces. The first-floor unit includes a bright front sitting room and bedroom access to a rear deck, while the upper unit adds a neighborhood-facing balcony and extra closet space in one bedroom.
The property includes a full basement, full attic, driveway, and rebuilt two-car garage. Capital improvements include a new roof, furnace installed in 2018, replacement windows, new siding, and garage floor and doors completed in 2019. The driveway was replaced in 2020, and a new hot water tank was installed in 2025. Located on North Park Avenue, the property is approximately half a block from Hertel Avenue and near coffee shops, a movie theater, bars, restaurants, and local shopping.
The property includes a full basement, full attic, driveway, and rebuilt two-car garage. Capital improvements include a new roof, furnace installed in 2018, replacement windows, new siding, and garage floor and doors completed in 2019. The driveway was replaced in 2020, and a new hot water tank was installed in 2025. Located on North Park Avenue, the property is approximately half a block from Hertel Avenue and near coffee shops, a movie theater, bars, restaurants, and local shopping.
Key Highlights
- Two‑unit duplex with three bedrooms and one bathroom in each unit
- Updated kitchens and bathrooms with stainless steel appliances
- Hardwood floors, formal dining rooms, and living areas with faux fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,989
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,780
$539.8K
Cap Rate 7%
$385,557
$385.6K
Cap Rate 9%
$299,878
$299.9K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$40.8K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$38.6K $14.17/SF
− OpEx
−$11.6K −$4.25/SF
NOI
$27.0K $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%
$539,780
Cap Rate 7%
$385,557
Cap Rate 9%
$299,878
Alternative Uses
Best Use
Multifamily LT 5
$385.6K
$337.4K – $449.8K
NOI $26,989 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$355.1K
$310.7K – $414.3K
NOI $24,859 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$654.1K
$572.3K – $763.1K
NOI $45,787 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature renovated kitchens and bathrooms, hardwood floors, private living areas, and separate bedroom accommodations.
Where is this duplex located?
The property is located at 65 North Park Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms and one bathroom in each unit; Updated kitchens and bathrooms with stainless steel appliances; Hardwood floors, formal dining rooms, and living areas with faux fireplaces
