Four-Unit Residential Income
6 Springfield Drive Cheektowaga, NY 14225
For Sale
$349,900
MULTI_FAMILY - Other - Cheektowaga, NY
Property Size3,380 SF
Lot Size0.16 Acres
Price / SF$103.52
Days on Market10
Property Features for 6 Springfield Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4
Appliances
GasWaterHeater
Standard status
Active
APN
143089-091-100-0004-013-000
Size
3,380 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
6006
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1947
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile, Laminate, Varies
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Mootry Murphy & Burgin Realty Group LLC
(716) 534-8495
Listed By:
HaroldKraven Weeks · License #10301224078
(716) 400-4007
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 30 at 4:06AM
MLS# B1699198
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 well-maintained four-unit residential income property features spacious two-bedroom, one-bath units with eat-in kitchens and living rooms. Each unit includes first-floor laundry space, and all four units share the same layout. The property has had a new roof installed in 2025.
The building is located at 6 Springfield Drive in Cheektowaga, NY 14225, in Erie County. Public remarks note convenient access to major expressways, along with proximity to shopping centers, malls, and the airport.
From a practical standpoint, the consistent unit layout can simplify day-to-day management compared with properties where floorplans vary between units.
The building is located at 6 Springfield Drive in Cheektowaga, NY 14225, in Erie County. Public remarks note convenient access to major expressways, along with proximity to shopping centers, malls, and the airport.
From a practical standpoint, the consistent unit layout can simplify day-to-day management compared with properties where floorplans vary between units.
Key Highlights
- Four‑unit property built in 1947
- Units include spacious 2‑bedroom, 1‑bath layouts with eat‑in kitchens and living rooms
- First‑floor laundry rooms are included in each unit
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 | $46.6k | $13.80 |
| − Vacancy | −$15.6k | −$4.61 |
| EGI | $31.0k | $9.19 |
| − OpEx | −$9.3k | −$2.76 |
| NOI | $21.7k | $6.43 |
3,380 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.2K
NOI $21,732 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$278.8K
$243.9K – $325.3K
NOI $19,515 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$738.9K
$646.5K – $862.0K
NOI $51,722 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit building with matching two-bedroom layouts, each offering an eat-in kitchen and first-floor laundry.
Where is this quadplex located?
The property is located at 6 Springfield Drive Cheektowaga, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four‑unit property built in 1947; Units include spacious 2‑bedroom, 1‑bath layouts with eat‑in kitchens and living rooms; First‑floor laundry rooms are included in each unit
