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318 14th Street , Buffalo, NY 14213
318 14th Street, Buffalo, NY 14213
1619
sq ft
2
units
2
gas meters
2
electric meters
2
hot water tanks
2
heating units
Unit 1
Vacant
status
2
beds
1
baths
Unit 2
Vacant
status
1
beds
1
baths
Unit 1
Vacant
status
2
beds
1
baths
Unit 2
Vacant
status
1
beds
1
baths
House Hacking Gold Mine: Buffalo Duplex - $100,000
The Perfect BRRRR Strategy Property for Savvy Investors
Are you ready to unlock the power of house hacking while building wealth through real estate? This Buffalo duplex at 318 14th Street presents an incredible opportunity for investors or owner occupied Buyers looking to live in one unit while generating rental income from the other – all while adding substantial value through strategic renovations.
Why This Property is a Game-Changer
At just $100,000, this duplex is priced nearly $85,000 below its Zestimate of $184,600, creating immediate equity potential. But the real magic happens when you consider the income-generating possibilities and value-add opportunity that makes this property perfect for the BRRRR strategy.
The Numbers That Matter
Current Investment Breakdown:
- Purchase Price: $100,000
- Projected Gross Income (After Renovation): $28,800.00
- Projected Annual NOI (After Renovation): $18,574.74
- Value Based on 7.5% Cap Rate: $265,353.43
- Potential Equity Creation: $165,353.00+
Monthly Rental Projections:
- Unit 1 (Lower - 2bed/1bath): $1,400/month
- Unit 2 (Upper - 1bed/1bath): $1,000/month
- Total Monthly Income: $2,400
House Hacking Opportunity
Live in either unit while your tenant covers a significant portion of your mortgage payment. Whether you choose the spacious 2-bedroom lower unit or the convenient 1-bedroom upper unit with in-unit laundry, you'll be building wealth while minimizing your living expenses.
Property Highlights
Building Specifications:
- Total Square Footage: 1,619 sq ft
- Lot Size: 24.5' x 149' (0.0838 acres)
- Construction: Wood frame, 2-story duplex
- Roof: 8 year old tear-off roof
- Utilities: Separate gas and electric service for each unit
Unit Breakdown:
- Lower Unit: 2 bedrooms, 1 bathroom (renovation needed)
- Upper Unit: 1 bedroom, 1 bathroom with in-unit laundry
- Bonus: Upper unit comes with washer, dryer, refrigerator, stove, and microwave
Infrastructure Advantages:
- Plumbing: PEX supply lines, PVC/Steel waste lines
- Electrical: Circuit breaker service
- HVAC: Forced air systems in both units
- Access: Pull-down attic stairs from upper unit
The Value-Add Opportunity
The lower unit requires renovation, presenting the perfect opportunity to add value through strategic improvements. With separate utilities already in place and solid bones including a newer roof, you can focus your renovation budget on high-impact improvements that will maximize rental income and property value.
Perfect for BRRRR Strategy
This property checks all the boxes for successful BRRRR investing:
- Buy: Below-market purchase price at $100,000
- Renovate: Lower unit needs updating (value-add opportunity)
- Rent: Strong rental market with $2,400 monthly income potential
- Refinance: Projected value of $247,663+ creates refinancing opportunities
- Repeat: Pull out capital for your next investment
Location & Market Context
Located in Buffalo's established residential corridor, this N-2R zoned property sits on a generous lot in a stable neighborhood. The property last sold for $87,000 in 2019, showing consistent market appreciation potential.
Tax Information:
- County Taxes: $728.59 annually
- City Taxes: $854.52 annually
- School Taxes: $598.60 annually
Investment Summary
This duplex represents more than just a real estate purchase – it's your entry point into building generational wealth through strategic house hacking and value-add investing. With strong rental income projections, significant equity upside, and the flexibility to live in one unit while renting the other, this property offers multiple paths to profitability.
Ideal for:
- First-time house hackers
- Experienced investors seeking BRRRR opportunities
- Owner-occupants looking to offset housing costs
- Investors comfortable with value-add projects
Ready to take the next step in your real estate investment journey? This Buffalo duplex won't last long at this price point.
$100,000
Deadline
Open house dates
