2-Unit Duplex with Updated
For Sale
$269,000
12050 Savage Road, Chaffee, NY 14030
Residential, Chaffee, NY
Property Size2,032 SF
Lot Size0.50 Acres
Price / SF$132.38
Days on Market49
Property Features for 12050 Savage Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Pioneer
Middle school district
Pioneer
High school district
Pioneer
Directions
Heading northbound on Route 39, turn left onto Savage Road.
Subdivision
Sardinia-146200
Standard status
Active
APN
146200-311-180-0001-034-000
Size
2,032 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
2721
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Carpet, Varies, Laminate
Building materials
VinylSiding, WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Jessica Petri · License #10401361674
(716) 498-1330
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 15 at 8:06AM
MLS# B1702282
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This upper-and-lower duplex contains 2,032 square feet across two apartments. Each unit includes 2 bedrooms, 1 full bathroom, a living room, and a practical residential layout. The property has vinyl and wood siding, varied laminate and carpet flooring, natural-gas forced-air heat, and central air conditioning. Major updates include windows installed 4 years ago and an asphalt roof installed 8 years ago.
Set on 0.5 acres in Chaffee, the property uses a well and septic system. It is located 10 minutes from Springville and 8 minutes from Arcade, providing access to both nearby communities. Built in 1920, the duplex can accommodate an owner-occupant arrangement or continued use as a two-unit residential property.
Set on 0.5 acres in Chaffee, the property uses a well and septic system. It is located 10 minutes from Springville and 8 minutes from Arcade, providing access to both nearby communities. Built in 1920, the duplex can accommodate an owner-occupant arrangement or continued use as a two-unit residential property.
Key Highlights
- Two‑unit upper‑and‑lower duplex with 2,032 square feet
- Each apartment has 2 bedrooms, 1 full bathroom, and a living room
- New windows installed 4 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,300
$261.3K
Cap Rate 7%
$186,643
$186.6K
Cap Rate 9%
$145,167
$145.2K
Market Conditions
NOI Build-Up for 2,032 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.0K $13.80/SF
− Vacancy
−$9.4K −$4.61/SF
EGI
$18.7K $9.19/SF
− OpEx
−$5.6K −$2.76/SF
NOI
$13.1K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,300
Cap Rate 7%
$186,643
Cap Rate 9%
$145,167
Alternative Uses
Best Use
Multifamily LT 5
$186.6K
$163.3K – $217.8K
NOI $13,065 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$167.6K
$146.7K – $195.5K
NOI $11,732 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$444.2K
$388.7K – $518.2K
NOI $31,094 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 14030, NY
1,755
Population
791
Households
2.2
Avg Household Size
48
Median Age
19%
College-Educated
89%
High-School Grad
21.2 sq mi
ZIP Area
83
Density / Sq Mi
$84,792
Median Household Income
$49,069
Median Earnings
$743
Median Rent
$204,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower apartments offer matching layouts with natural-gas heating and central air.
Where is this duplex located?
The property is located at 12050 Savage Road Chaffee, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit upper‑and‑lower duplex with 2,032 square feet; Each apartment has 2 bedrooms, 1 full bathroom, and a living room; New windows installed 4 years ago
