Six-Bedroom
729 Ashland Avenue, Buffalo, NY 14222
For Sale
$439,900
Two residential units are configured for active short-term rental use.
Property Size2,576 SF
Days on Market15
Property Features for 729 Ashland Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
original hardwood floors
updated granite kitchens
inviting front porches
Building Details
Building Size
Year Built
Buildings
Listing Agency:
eXp Realty
Listed By:
James Wangelin · License NY #10301224073
(716) 903-3198
Source:
Highfallssir
Added: Oct 27
Changed: Nov 5
Last Checked: Nov 8 at 12:29PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two units with a combined six bedrooms and two full bathrooms. Each unit has newer HVAC, air conditioning, and a hot water tank. Original hardwood floors and updated granite kitchens are among the interior features, and front porches serve the property. A fully furnished purchase is an option.
The property is near Bidwell Parkway, shops along Elmwood Avenue, and Delaware Park. It is currently operating as an Airbnb, with the option to use the units for short-term or long-term rental, or to occupy one unit while renting the other.
The property is near Bidwell Parkway, shops along Elmwood Avenue, and Delaware Park. It is currently operating as an Airbnb, with the option to use the units for short-term or long-term rental, or to occupy one unit while renting the other.
Key Highlights
- Two‑unit duplex with six bedrooms and two full bathrooms
- Newer HVAC, air conditioning, and hot water tanks in both units
- Original hardwood floors and updated granite kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,560
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,200
$511.2K
Cap Rate 7%
$365,143
$365.1K
Cap Rate 9%
$284,000
$284.0K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$38.6K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$36.5K $14.17/SF
− OpEx
−$11.0K −$4.25/SF
NOI
$25.6K $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%
$511,200
Cap Rate 7%
$365,143
Cap Rate 9%
$284,000
Alternative Uses
Best Use
Multifamily LT 5
$365.1K
$319.5K – $426.0K
NOI $25,560 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$336.3K
$294.3K – $392.4K
NOI $23,543 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$619.5K
$542.0K – $722.7K
NOI $43,363 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two residential units are configured for active short-term rental use.
Where is this duplex located?
The property is located at 729 Ashland Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two‑unit duplex with six bedrooms and two full bathrooms; Newer HVAC, air conditioning, and hot water tanks in both units; Original hardwood floors and updated granite kitchens
