Updated Duplex in Blasdell
For Sale
$199,900
Pending
69 Madison Avenue, Buffalo, NY 14219
MULTI_FAMILY - Buffalo, NY
Property Size1,643 SF
Lot Size0.09 Acres
Days on Market91
Property Features for 69 Madison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Exterior features
FullyFenced
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Frontier
Middle school district
Frontier
High school district
Frontier
Directions
Southpark to Madison
Subdivision
Blasdell-Village-144801
Standard status
Pending
APN
144801-151-620-0002-016-000
Size
1,643 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4989
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate, Varies
Building materials
CompositeSiding
Roof type
Shingle, Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Jeannette Smith · License #10401260110
(716) 997-2420
Added: May 2
Changed: Jul 28
Last Checked: Jul 31 at 9:06PM
MLS# B1678025
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated duplex is located in the village of Blasdell. The property contains two units, both of which are currently vacant. The first unit features 3 bedrooms, while the second unit has 2 bedrooms. According to provided information, the roof and siding were updated in 2025, the furnace in 2024, and the hot water tanks in 2024. The electrical panel is scheduled for an update in 2026. The lot size is 0.0924 acres and the property size is 1,643 square feet.
Key Highlights
- Updated 2‑unit property with both units currently vacant
- First unit features 3 bedrooms; second unit features 2 bedrooms
- Roof and siding replaced in 2025; electrical panel updated in 2026
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $15.00 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $23.3k | $14.17 |
| − OpEx | −$7.0k | −$4.25 |
| NOI | $16.3k | $9.92 |
1,643 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$214.5K
$187.7K – $250.3K
NOI $15,016 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$395.1K
$345.7K – $461.0K
NOI $27,658 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex in Blasdell. Live in one unit, rent the other.
Where is this duplex located?
The property is located at 69 Madison Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Updated 2‑unit property with both units currently vacant; First unit features 3 bedrooms; second unit features 2 bedrooms; Roof and siding replaced in 2025; electrical panel updated in 2026
