3-Unit Multifamily with
For Sale
$359,900
68 Tyler Street, Depew, NY 14043
Residential, Depew, NY
Property Size2,456 SF
Lot Size0.11 Acres
Price / SF$146.54
Days on Market21
Property Features for 68 Tyler Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2
Interior features
CeilingFans
Exterior features
Balcony
Appliances
GasWaterHeater
Subdivision
Holland Land Company's Su
Lot features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Depew
Middle school district
Depew
High school district
Depew
Directions
Transit Rd to Eliot Ave to Tyler St
Standard status
Active
APN
145201-104-300-0002-017-000
Size
2,456 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
7145
Utilities
Heating system
Ductless (Heating), Natural Gas, Forced Air
Cooling system
Ductless
Water source
Public
Amenities
wraparound porch
laundry hookups
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Flooring type
Varies, Carpet, Vinyl
Building materials
VinylSiding
Roof type
Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Ryan Burke · License #10301222154
(716) 572-2848
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 6 at 12:06AM
MLS# B1715355
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 1890 multifamily property contains 2,456 square feet across two units in the main house and a detached cottage. The upper residence is occupied; the lower unit and cottage are vacant. Interior updates include renovated kitchens and bathrooms, new flooring and paint, and refreshed appliances. The cottage has undergone a full interior renovation and includes a mini-split heating and cooling system. The main house has two furnaces less than two years old, and three hot water tanks were installed in 2026. A sump pump was replaced in 2025; the roof is approximately 12 years old.
Set on a 0.1148-acre lot in Depew, the property is a short walk from Transit Road and near restaurants, retail, entertainment, and daily services. Each residence has separate gas and electric utilities, along with private outdoor space; off-street parking is also available. Laundry hookups are located in the basement.
Set on a 0.1148-acre lot in Depew, the property is a short walk from Transit Road and near restaurants, retail, entertainment, and daily services. Each residence has separate gas and electric utilities, along with private outdoor space; off-street parking is also available. Laundry hookups are located in the basement.
Key Highlights
- Three residences: two units in the main house and one detached cottage
- 2,456 square feet on a 0.1148‑acre lot; built in 1890
- Upper unit occupied; lower unit and cottage vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,791
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$33.9K $13.80/SF
− Vacancy
−$11.3K −$4.61/SF
EGI
$22.6K $9.19/SF
− OpEx
−$6.8K −$2.76/SF
NOI
$15.8K $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 Rate 5%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Multifamily LT 5
$225.6K
$197.4K – $263.2K
NOI $15,791 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$202.6K
$177.3K – $236.3K
NOI $14,180 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,583 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electric service, off-street parking, and private outdoor areas serve the three residences.
Where is this triplex located?
The property is located at 68 Tyler Street Depew, NY.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Three residences: two units in the main house and one detached cottage; 2,456 square feet on a 0.1148‑acre lot; built in 1890; Upper unit occupied; lower unit and cottage vacant
