Duplex with Upper-Level
New
For Sale
$299,000
881 Walden Avenue, Buffalo, NY 14211
Each residence has three bedrooms, a kitchen, living and dining areas, and a full bathroom.
Property Size2,570 SF
Days on Market6
Property Features for 881 Walden Avenue
General Information
Standard status
Active
Size
2,570 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Schiller Park
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,825
Amenities
private balcony
Building Details
Building Size
2,570 SF
Year Built
1918
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Md Nabi Islam · License #10401400344
(646) 410-6786
Source:
Highfallssir
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 1918, this duplex contains two separate residences. Each unit has three bedrooms, a full kitchen, living and dining areas, and one full bathroom. The upper residence also has a private balcony.
The property is in Buffalo, near shopping, schools, local services, and public transportation.
The property is in Buffalo, near shopping, schools, local services, and public transportation.
Key Highlights
- Two separate residences, each with 3 bedrooms and 1 full bathroom
- Both units include a full kitchen and living and dining areas
- Private balcony serves the upper residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,501
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,020
$510.0K
Cap Rate 7%
$364,300
$364.3K
Cap Rate 9%
$283,344
$283.3K
Market Conditions
NOI Build-Up for 2,570 SF
Gross rent
$38.6K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$36.4K $14.17/SF
− OpEx
−$10.9K −$4.25/SF
NOI
$25.5K $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%
$510,020
Cap Rate 7%
$364,300
Cap Rate 9%
$283,344
Alternative Uses
Best Use
Multifamily LT 5
$364.3K
$318.8K – $425.0K
NOI $25,501 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$335.5K
$293.6K – $391.5K
NOI $23,488 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$618.0K
$540.8K – $721.0K
NOI $43,262 @ 7.0% cap · market cap 14.47%
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
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
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 - Each residence has three bedrooms, a kitchen, living and dining areas, and a full bathroom.
Where is this duplex located?
The property is located at 881 Walden Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two separate residences, each with 3 bedrooms and 1 full bathroom; Both units include a full kitchen and living and dining areas; Private balcony serves the upper residence
