233 Olmstead Avenue, Depew, NY 14043
- Added:
- May 10, 2026
- Days on Market:
- 43
- Last Refresh:
- Jun 21 at 12:06 am
Property Features for 233 Olmstead Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- WetBar
- Exterior features
- EnclosedPorch, Porch
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 145201-104-310-0003-025-000
- Size
- 1,456 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4613
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Vinyl, Tile
- Building materials
- VinylSiding
- Architectural style
- Other
Listing agent Melanie Pieszala License #10301221524 (716) 536-8918
Listing office WNY Metro Roberts Realty 4721 Transit Road Suite 18, cheektowaga, NY (716) 668-2500
Listing date May 10, 2026
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.
HighLights
- Two‑unit property in Depew school district on a neighborhood street
- Brand‑new tear‑off roof completed in 2025
- 2‑car garage plus a deep lot
- Lower unit: 2 bedrooms, classic built‑ins and walk‑through closet, galley kitchen with eat‑in dining, full bath, basement access with wet bar and laundry
- Upper unit: 1‑bedroom with eat‑in kitchen, living room, and full bath
- Vinyl siding with forced‑air natural gas heat; public water
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.1k | $13.80 |
| − Vacancy | −$6.7k | −$4.61 |
| EGI | $13.4k | $9.19 |
| − OpEx | −$4.0k | −$2.76 |
| NOI | $9.4k | $6.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Depew
- County
- Erie
- State
- New York
- Longitude
- -78.688103
- Latitude
- 42.916635
