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399 Windermere Blvd
Property Overview
Active Listing
1 / 11
11 listing photos · Tap Enlarge for full-size view
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Specs
6
Beds
2
Baths
Interior Living Space (Sq Ft)
2384 sq ft
Lot Size (Sq Ft)
4,887 sq ft
Year Built
1932
Price/Sq Ft (Living Area)
105$
Price/Sq Ft (Lot Size)
51$
Lifestyle
Walk Score
0
Transit Score
20
Neighborhood Vibe
A calculation based on nearby amenity density.
Taxes
%
FY 2023
Tax Year
Annual Tax
$5,908
Assessed Value
$145,000
Last Sale
2000
$95,500
Price History
Zestimate Range
$144k – $312k
+111.8%
since 2016
2016: $144kNow: $306k
Zillow Zestimate history · 121 data points
Safety & Hazards
A
Safety Rating
Based on Crime & Hazards
Crime Rate Index
Very Low
0/100
Flood Risk
Unknown
Zumintel Report
EVALUATED FOR: SHORT-TERM RENTAL
399 Windermere Blvd, Buffalo, NY 14226
MULTI_FAMILY•May 26, 2026•MLS #B1684542
63/100
STR Score
STR Regulation Warning: unclear
Operating a short-term rental without proper registration and permits can result in fines.
Summary: Zumintel Engine assessed this property's zoning from neighborhood context — no specific parcel zone was confirmed. Unable to confirm the specific zoning code for the parcel. Due to recent changes in Buffalo STR laws, non-owner occupied rentals are restricted to commercially and mixed zoning districts. Further investigation is needed to determine if this multifamily property is in a residential or commercial zone and if STRs are permitted.
Zoning determined by AI research. Verify your parcel before investing.Verify on official map
Executive Summary
Verdict Locked
Based on current list price and market conditions.
Est. Price
$249,900
Square Feet
2,384
Year Built
1932
Configuration
6bd / 2ba
Market Context
- Pricing PositionThe property is listed for $249,900, which is below the median neighborhood price of $283,000 .
- Liquidity RiskThe average days on market is 20 days, which is about the same as last year, indicating steady market activity .
- NeighborhoodLocated in the highly desirable Amherst School District, near SUNY Buffalo South Campus, UB North Campus, shopping, dining, and transit.
- Local MarketMedian Neighborhood Price: $283,000 (+1.4% YoY)Market Velocity: - • Inventory: Low • Avg DOM: 20 days
- Investment PotentialEstimated Rent: $1,720/moCap Rate: 5.37% • 5-Year Growth: +7.2%
- STR MarketAs of July 2025, there were 1,042 listings available in Buffalo from Airbnb. The average occupancy rate in Buffalo is 58% and the average daily rate is $130.
Location & Destination
Tourist Destinations
- ★SUNY Buffalo
- ★UB North Campus
- Located a short walk to Windermere Boulevard Elementary.
- Minutes from SUNY Buffalo South Campus and UB North Campus.
- Close to shopping, dining, and public transportation.
Payment Calculator
$
$
Assumptions & Methodology
- •STR Data: Nightly yields mapped from regional AVM adjusted comps using a conservative median occupancy baseline. Verified via AI context.
- •Cap Rate: Derived mathematically (Market Adjusted Gross Yield minus standard expense, maintenance, and vacancy ratios).
- •Standard Math: Standard principle and interest amortized over 30-year fixed rates. Taxes and insurance are estimations.
Estimated Monthly Payment
$2,294
Principal & Interest
$1,264Operating Expenses/mo
$1,031Short-Term Rental Impact
Estimated Payment$2,294
-Projected STR Revenue-$2,278
Net Payment Out-of-Pocket$16/mo
The conventional US estimated payment calculation is for informational purposes only. Users are free to make their financial decisions based on their personal economic, ethical and religious belief systems.
Financial Performance
Based on 6.5% rate · 20% down · 30-yr fixedInvestment Analysis Locked
Detailed Cash Flow, Cap Rate, and ROI projections are available for Builder+ plans or by using Top-Up Credits.
Upgrade to Unlock Investment DataComparative Market Analysis
Validate the asking price against recent comparable sales in the area. Includes similarity scoring, price adjustments, and exclusion reasoning.
Strategic Assessment
Key Advantages
- •Potential for strong rental income from two units.
- •Located in a desirable school district.
- •Close to universities, shopping, dining and public transit.
Considerations
- •Unclear zoning for short-term rentals; legality needs to be verified .
- •Older property (built in 1932) may require ongoing maintenance.
- •Cap rate is relatively low at 4.17%.
Due Diligence
- •Verify zoning and STR legality with the City of Buffalo Department of Permit and Inspection Services.
- •Investigate potential flood risks with FEMA.
10-Year Wealth Outlook
10-Year Wealth Outlook · Pro+
Upgrade to Pro to see how this property builds (or erodes) wealth and why.
Verdict Locked
Analyst Verdict
Based on current list price and market conditions.
STRONG BUY
Use-Case Alignment
living
Medium Match
Short-Term
Low Match
Living+STR
Medium Match
rental
High Match
House Hack
High Match
flip
Low Match
Disclaimer: This report is for informational purposes only and does not constitute financial or real estate advice. Zumintel is not liable for any inaccuracies or the condition of the property. Users should conduct their own due diligence.
Definitions & Methodology
Cap Rate (Capitalization Rate)Net Operating Income (NOI) divided by the property asset value. It indicates the potential rate of return on the real estate investment.
Investment ScoreA proprietary composite score (0-100):
- 80-100: Excellent (Strong Cashflow & Potential)
- 60-79: Good (Stable, Moderate Returns)
- 40-59: Fair (Value Add Required)
- <40: Risky (Negative Cashflow/High Risk)
Walk ScoreA measure of walkability based on the distance to nearby amenities. 90-100 is a "Walker's Paradise".
Transit ScoreEstimates how well a location is served by public transport. Calculated based on distance to nearest stops and frequency.
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