Two-Unit Duplex with Two-Bedroom
For Sale
$175,000
87 Fernhill Ave, Buffalo, NY 14215
Each residence includes a full bath, living area, dining space, and complete kitchen in a practical residential layout.
Property Size1,572 SF
Price / SF$111.32
Days on Market55
Property Features for 87 Fernhill Ave
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Delavan Grider
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1924
Listing Agency:
Keller Williams Realty WNY
Listed By:
Md Nabi Islam · License #10401400344
(646) 410-6786
Source:
Skinnercnyrealty
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 7 at 5:04PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex contains two residential units with matching two-bedroom configurations. Each unit includes one full bathroom, a living room, dining area, and full kitchen, creating clearly defined spaces for daily living.
The property is located at 87 Fernhill Avenue in Buffalo, near ECMC, schools, shopping, public transportation, and everyday amenities. Its two-unit format supports separate household occupancy within one residential property and provides a straightforward layout for evaluating owner-occupancy or rental use.
The property is located at 87 Fernhill Avenue in Buffalo, near ECMC, schools, shopping, public transportation, and everyday amenities. Its two-unit format supports separate household occupancy within one residential property and provides a straightforward layout for evaluating owner-occupancy or rental use.
Key Highlights
- Two‑unit duplex at 87 Fernhill Avenue in Buffalo, NY
- Each unit has 2 bedrooms and 1 full bathroom
- Both residences include living, dining, and full kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,598
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,960
$312.0K
Cap Rate 7%
$222,829
$222.8K
Cap Rate 9%
$173,311
$173.3K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$23.6K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$22.3K $14.17/SF
− OpEx
−$6.7K −$4.25/SF
NOI
$15.6K $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%
$311,960
Cap Rate 7%
$222,829
Cap Rate 9%
$173,311
Alternative Uses
Best Use
Multifamily LT 5
$222.8K
$195.0K – $260.0K
NOI $15,598 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$205.2K
$179.6K – $239.5K
NOI $14,367 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$378.0K
$330.8K – $441.0K
NOI $26,462 @ 7.0% cap · market cap 15.12%
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
1,037
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a full bath, living area, dining space, and complete kitchen in a practical residential layout.
Where is this duplex located?
The property is located at 87 Fernhill Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex at 87 Fernhill Avenue in Buffalo, NY; Each unit has 2 bedrooms and 1 full bathroom; Both residences include living, dining, and full kitchen areas
