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491 Hinman Ave, Buffalo, NY, 14216

4beds
2baths
1,600sqft
$159,900
$100price/sqft
$1,365/moest. monthly cost
$54,600/yrincome needed

About This Home

Investment Opportunity in the Heart of North Buffalo – 491 Hinman Ave | $159,900 Don't miss this solid 2-unit duplex on one of North Buffalo's most sought-after streets! This well-built 1900s double offers the bones investors love — long-term tenants already in place providing immediate cash flow, newer furnaces, and updated plumbing. Just add your personal touch with some cosmetic updates and fresh paint to unlock serious equity in this high-demand rental market. Each unit features spacious layouts with 2 bedrooms, generous living areas, and classic Buffalo character. Situated close to Hertel Ave, Elmwood Village, UB South Campus, and all the dining, shopping, and entertainment North Buffalo has to offer. With properties on this block selling fast and values climbing, this is your chance to get in at the right price. ? Long-term tenants — immediate income from day one ? Newer furnaces & updated plumbing ? Cosmetic updates needed — priced accordingly ? Prime North Buffalo location ? 4 BD / 2 BA / 1,600 sq ft on a quiet residential street Priced to move at $159,900 — bring your vision and build your portfolio.

Getting Around

74
WalkingVery Walkable
44
TransitSome Transit
53
BikeBikeable

Schools

4/10
Grabiarz Campus School 79Grades PK-80.4 mi
8/10
Ps 65 Roosevelt AcademyGrades PK-40.5 mi

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Wood

Type & Style

  • Home type: MultiFamily

Interior

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Hardwood

Heating

  • Heating features: Forced air

Interior Area

  • Total interior livable area: 1,600 sqft

Property

Details

  • Parcel number: 140200774343

Features

  • Exterior features: Wood

Lot

  • Lot size: 2,700 sqft

Parking

  • Parking features: Garage - Detached,Off-street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Winter Weather
Inland Flooding
Tornado
Tsunami

FEMA Declared Disasters in Erie County and New York

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $808$9,696
Home Insurance *$64$768
Property Taxes $229$2,748
Electricity $264$3,172
Total$1,365$16,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,800/yr
40% on housing$40,950/yr
45% on housing$36,400/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.9%
-0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$100This listing

vs Other Active Listings

Avg $/sqft

ZIP 14216$187
Erie County$156

vs Homes Sold Last Month

Median $/sqft

ZIP 14216$223
Erie County$190

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-09Listed for sale$159,900
2011-09-30Sold$26,663
2008-08-22Sold$11,750
1999-07-01Sold$30,745

For Sale by Owner

AgentProperty Owner

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