25 N Central Ave Unit E · Buffalo, NY 14212

$89,000

2 bd · 1.0 ba · 866 sqft · Other public records · 81 Days on market

Built 1930 6,534 sqft lot $103/sqft · 39% above area ↓ 9% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.0/30.0
• Appreciation +10.0/10.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +3.9/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

25 N Central – Unique Multi-Unit Investment Opportunity Discover the potential at 25 N Central, a rare property presenting three total units on a spacious double lot. The front features a single-family home, while the rear holds a two-unit – providing versatile options for both investors and owner-occupants alike. This property comes with plenty of upsides complete with multiple income streams or the chance to live in one unit while renting the others. With its prime setup and added land space, the possibilities are endless for growth and value. Whether you’re an investor searching for strong returns or a buyer looking to offset your mortgage with rental income, 25 N Central is the opportunity you’ve been waiting for! Cash of rehab loan only.

Key facts

• Two-unit
• Spacious double lot
• Three total units

Tags

• THREE TOTAL UNITS
• SPACIOUS DOUBLE LOT
• SINGLE-FAMILY HOME
• TWO-UNIT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $89k.

Deal economics

• At list price, monthly cash flow is $248 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($983 rent vs $89k).
• Recommended offer: $84k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#195 in NY, #3,011 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: crime F, employment D-.
• Buffalo City School District (urban): math 41% / reading 40% proficiency, ranked #535 of 590 in NY (top 91%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 83 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,244 units permitted in Erie County in 2024 (563 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($615 loan paydown + $9k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 9.64%
• Cash-on-cash: 11.96%
• DSCR: 1.53
• GRM: 7.5

CMA / ARV

• ARV (median comp): $178,359
• List price: $89,000
• Delta: -50.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.0%
• Equity multiple: 3.58×
• Total profit: $64,250
• Equity at exit: $80,178

10-year hold

• IRR: 28.5%
• Equity multiple: 8.09×
• Total profit: $176,691
• Equity at exit: $172,907

Cash invested: $24,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14212

• Home prices YoY: 20.4%
• Active inventory: 83
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $983 high
• Mortgage (P&I): −$467
• Tax from tax record: −$24 /mo · $291/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $248

Break-even live

Break-even rent $668

Max offer price $89,000

Occupancy floor 70%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1777 Broadway Unit 3 Buffalo, NY	1.0	1.0	600	$750	$1.25	43d	1	0.34mi
67 Moeller St Unit LOWER Buffalo, NY	3.0	1.0	960	$1,200	$1.25	23d	1	1.08mi
67 Moeller St Unit UPPER Buffalo, NY	3.0	1.0	960	$1,000	$1.04	3d	1	1.08mi
52 Walden Ave Buffalo, NY	2.0	1.0	600	$1,100	$1.83	43d	1	1.15mi
950 Broadway Unit 307 Buffalo, NY	1.0	1.0	675	$940	$1.39	3d	1	1.26mi
1202 Walden Ave Unit 2 Buffalo, NY	3.0	1.0	800	$1,350	$1.69	43d	1	1.47mi

Listing history 19 events

1. 2026-06-18
   days on market $89,000 Active 81 DOM
2. 2026-06-17
   days on market $89,000 Active 80 DOM
3. 2026-06-16
   days on market $89,000 Active 79 DOM
4. 2026-06-15
   days on market $89,000 Active 78 DOM
5. 2026-06-13
   days on market $89,000 Active 76 DOM
6. 2026-06-13
   days on market $89,000 Active 75 DOM
7. 2026-06-10
   days on market $89,000 Active 73 DOM
8. 2026-06-09
   days on market $89,000 Active 72 DOM
9. 2026-06-08
   days on market $89,000 Active 71 DOM
10. 2026-06-07
    days on market $89,000 Active 70 DOM
11. 2026-06-03
    days on market $89,000 Active 66 DOM
12. 2026-06-02
    days on market $89,000 Active 65 DOM
13. 2026-06-01
    days on market $89,000 Active 64 DOM
14. 2026-05-31
    days on market $89,000 Active 63 DOM
15. 2026-03-29
    listed $89,000 Active 777-char remark

    Show marketing remark (777 chars)

    25 N Central – Unique Multi-Unit Investment Opportunity Discover the potential at 25 N Central, a rare property presenting three total units on a spacious double lot. The front features a single-family home, while the rear holds a two-unit – providing versatile options for both investors and owner-occupants alike. This property comes with plenty of upsides complete with multiple income streams or the chance to live in one unit while renting the others. With its prime setup and added land space, the possibilities are endless for growth and value. Whether you’re an investor searching for strong returns or a buyer looking to offset your mortgage with rental income, 25 N Central is the opportunity you’ve been waiting for! Cash of rehab loan only.

16. 2025-10-09
    status Pending
17. 2025-10-09
    historical
18. 2025-09-17
    price $89,000
19. 2025-09-02
    listed $97,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $291 · $24/mo
• Projected year-2 tax: $898 · $75/mo
• Expected delta: +$606/yr (+$51/mo · 208.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,794
• − Mortgage interest: −$4,985
• − Property taxes: −$291
• − Insurance: −$445
• − Repairs & maintenance: −$944
• − Management: −$944
• − Depreciation: −$2,589
• Taxable income: $1,596
• Est. tax owed @ 24.0%: −$383
• After-tax cash flow: $2,597/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Buffalo City School District
• NCES district ID: 3605850
• Math proficiency: 41% ▲ 11.00%
• Reading proficiency: 40% ▲ 7.00%
• Median HH income: $31,665
• Composite: 33.17/100
• National rank: #5544
• State rank: #535 of 590 in NY

Livability — Buffalo

• Score: 77/100
• State rank: #195
• US rank: #3011

Category grades

Amenities A Commute A+ Cost of living A Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Buffalo, NY
• City population: 440,021
• Population (ZIP): 13,603

Population outlook (Erie County) Hauer SSP2

• Today (2025): 933,037 people
• By 2030: 935,181 · +0.2%
• By 2040: 928,531 · -0.5%
• By 2050: 905,725 · -2.9%
• By 2075: 834,037 · -10.6%
• By 2100: 708,033 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: White 32% Black 27% Asian 25% Hispanic / Latino 9% Two or more races 8%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Romanian 12% Serbian 1% Lithuanian 1%
• Foreign-born: 20% · Philippines, Canada, China
• Languages at home: 68% English-only · Other Indo-European 18% Spanish 4% Other Asian/Pacific 2%

Political lean MEDSL · Erie

• 2024 margin: Lean D (+9.7) · D 54.8% · R 45.2%
• 2008→2024 swing: -7.9pp toward R · 2008: 17.5pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+14.7 2016: D+4.8 2012: D+15.6 2008: D+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 79.80%
• Current HPI: 471.6399
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-9.1% since first listed

5 events — show timeline

• 2026-03-29 Listed $89,000 WNYREIS
• 2025-10-09 Pending — WNYREIS
• 2025-10-09 Listing Removed — WNYREIS
• 2025-09-17 Price Changed $89,000 WNYREIS
• 2025-09-02 Listed $97,900 WNYREIS

Property tax history

+1.8%/yr

Latest (2025): $291 · +0.0% YoY. Source: county tax records.