219 Courtland Ave · Buffalo, NY 14215

$169,900

5 bd · 2.0 ba · 2,038 sqft · Townhouse public records · 57 Days on market

Built 1928 3,090 sqft lot $83/sqft · 19% below area Est $210k · 19% under

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Why this score? — see what drove the C+ 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 +23.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.1/10.0
• Livability +3.9/5.0
• Schools +3.3/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 219 Courtland Avenue, a well-maintained multi-family home offering excellent investment potential or the opportunity to live in one unit while renting out the other. The spacious lower unit features 3 bedrooms, a comfortable living room, formal dining room, kitchen, and a full bathroom. The upper unit offers 2 bedrooms, living room, dining room, kitchen, and full bathroom, providing a functional and versatile layout. This property also includes a full basement and a full attic, offering plenty of storage space and future potential. Recent updates include new flooring, fresh interior painting, and additional improvements, making the home move-in ready and appealing to tenants. Conveniently located near shopping, dining, and major routes, this home is a strong choice for both homeowners and investors looking to expand their portfolio.

Key facts

• New flooring
• Full basement
• Investment potential

Tags

• MULTI-FAMILY HOME
• FULL BASEMENT
• FULL ATTIC
• NEW FLOORING
• FRESH INTERIOR PAINTING
• INVESTMENT POTENTIAL

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% 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: Rents flat; 237 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 1,244 units permitted in Erie County in 2024 (563 in 5+ unit buildings).
• At $1,878/mo this rent would consume 50% of the median local household income ($45k/yr) (locally 2873% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago 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.
• Current owner paid $115k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $164,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.11% ✓
• Cap rate: 8.48%
• Cash-on-cash: 7.80%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

• ARV (median comp): $210,199
• List price: $169,900
• Delta: -19.17%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39 Manhart St	0.53mi	4/2.5 (-1)	2,150 (+6%)	5mo	$245,000	$114	55
108 Connelly Ave	0.47mi	5/2.0	2,295 (+13%)	13mo	$275,000	$120	46
367 Warwick Ave	0.54mi	6/2.0 (+1)	2,228 (+9%)	18mo	$200,000	$90	39
49 Barbara Pl	0.60mi	5/2.0	1,840 (-10%)	21mo	$222,500	$121	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.75×
• Total profit: $-12,107
• Equity at exit: $25,333

10-year hold

• IRR: -0.6%
• Equity multiple: 0.96×
• Total profit: $-1,912
• Equity at exit: $14,690

Cash invested: $47,572 (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 14215

• Home prices YoY: -30.0%
• Rents YoY: 0.7%
• Active inventory: 237
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,878 medium
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,548/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $309

Break-even live

Break-even rent $1,486

Max offer price $169,900

Occupancy floor 79%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
979 Walden Ave Buffalo, NY	4.0	3.0	1793	$2,000	$1.12	2d	1	1.39mi

Listing history 12 events

1. 2026-05-19
   status Pending 855-char remark

   Show marketing remark (855 chars)

   Welcome to 219 Courtland Avenue, a well-maintained multi-family home offering excellent investment potential or the opportunity to live in one unit while renting out the other. The spacious lower unit features 3 bedrooms, a comfortable living room, formal dining room, kitchen, and a full bathroom. The upper unit offers 2 bedrooms, living room, dining room, kitchen, and full bathroom, providing a functional and versatile layout. This property also includes a full basement and a full attic, offering plenty of storage space and future potential. Recent updates include new flooring, fresh interior painting, and additional improvements, making the home move-in ready and appealing to tenants. Conveniently located near shopping, dining, and major routes, this home is a strong choice for both homeowners and investors looking to expand their portfolio.

2. 2026-03-23
   listed $169,900 Active 855-char remark

   Show marketing remark (855 chars)

   Welcome to 219 Courtland Avenue, a well-maintained multi-family home offering excellent investment potential or the opportunity to live in one unit while renting out the other. The spacious lower unit features 3 bedrooms, a comfortable living room, formal dining room, kitchen, and a full bathroom. The upper unit offers 2 bedrooms, living room, dining room, kitchen, and full bathroom, providing a functional and versatile layout. This property also includes a full basement and a full attic, offering plenty of storage space and future potential. Recent updates include new flooring, fresh interior painting, and additional improvements, making the home move-in ready and appealing to tenants. Conveniently located near shopping, dining, and major routes, this home is a strong choice for both homeowners and investors looking to expand their portfolio.

3. 2025-11-30
   historical
4. 2025-08-25
   listed $169,900 Active
5. 2022-07-01
   soldstatus $115,000 Closed Sale or Rented
6. 2022-07-01
   soldstatus $115,000
7. 2022-03-29
   status Under Contract- Do Not Show
8. 2022-03-17
   price $119,900
9. 2022-03-15
   price $122,900
10. 2022-02-03
    listed $124,900 Active
11. 2021-11-16
    soldstatus $53,000
12. 2018-04-03
    soldstatus $36,000

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°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: $22,533
• − Mortgage interest: −$9,517
• − Property taxes: −$2,548
• − Insurance: −$850
• − Repairs & maintenance: −$1,803
• − Management: −$1,803
• − Depreciation: −$4,943
• Taxable income: $1,070
• Est. tax owed @ 24.0%: −$257
• After-tax cash flow: $3,454/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
• County: Erie County · 714,559 people
• City population: 440,021
• Metro: Buffalo-Cheektowaga, NY
• Population (ZIP): 42,524
• Household income: $44,955
• Rent vs Own: 50.0% rent · 50.0% own
• Severe rent burden: 2873.0

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: Predominantly Black (67%)
• Race & ethnicity: Black 67% White 15% Asian 7% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Romanian 4% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, China
• Languages at home: 88% English-only · Other Indo-European 4% Spanish 4% Chinese 1%

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: ▼ -126.29%
• Current HPI: 295.2966
• Rent YoY: ▲ 0.67%
• Metro: Buffalo-Cheektowaga, NY
• 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

+371.9% since first listed

12 events — show timeline

• 2026-05-19 Pending — WNYREIS
• 2026-03-23 Listed $169,900 WNYREIS
• 2025-11-30 Listing Removed — WNYREIS
• 2025-08-25 Listed $169,900 WNYREIS
• 2022-07-01 Sold (Public Records) $115,000 Public Records
• 2022-07-01 Sold (MLS) $115,000 WNYREIS
• 2022-03-29 Pending — WNYREIS
• 2022-03-17 Price Changed $119,900 WNYREIS
• 2022-03-15 Price Changed $122,900 WNYREIS
• 2022-02-03 Listed $124,900 WNYREIS
• 2021-11-16 Sold (Public Records) $53,000 Public Records
• 2018-04-03 Sold (Public Records) $36,000 Public Records

Property tax history

+1.0%/yr

Latest (2025): $269 · +0.0% YoY. Source: county tax records.