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    3440 Clinton St Buffalo, NY 14224

    Sponsored
    For Sale
    $224,900

    Buffalo, NY Duplex - $224,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents two properties situated on Clinton Street in Buffalo, New York. The package includes a former auto body repair shop at 3440 Clinton Street and a two-family home at 3438 Clinton Street. Currently generating rental income of $790 and $725 per month respectively, this property offers immediate cash flow potential. The combined lot size boasts impressive dimensions, measuring 92 feet of frontage with depths of 358 and 353 feet. This substantial land area presents significant redevelopment potential, making it an attractive option for those seeking to expand the existing units or construct a larger apartment complex. The strategic location, just one block west of Union Road, further enhances its appeal. This property is ideally suited for owner-occupancy or as a development site, offering flexibility and diverse investment possibilities. The properties are classified as Class C multifamily buildings and are located in Erie County, NY, zip code 14224. This is a rare chance to acquire a multi-unit property with both immediate income and substantial long-term growth potential.

    Property Features for 3440 Clinton St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Units
    2

    HighLights

    • $224,900 asking price for a multifamily property.
    • Two‑unit apartment building in Buffalo, NY.
    • Class C property.
    • Located at 3440 & 3438 Clinton St, Buffalo, NY 14224.
    • Current combined rent of $1,515.
    • Potential for owner‑occupancy or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.756251655099
    Latitude
    42.85560927707

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    FAQs

    What type of property is this?
    Multifamily property - Buffalo, NY Duplex - $224,900
    Where is this multifamily property located?
    The property is located at 3440 Clinton St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: $224,900 asking price for a multifamily property.; Two-unit apartment building in Buffalo, NY.; Class C property.
    Request Owner's contact information
    3440 Clinton St Buffalo, NY 14224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3440 Clinton St Buffalo, NY 14224
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