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    9520 Lapp Rd Clarence Center, NY 14032

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    Sponsored
    For Sale
    $494,900

    MULTI_FAMILY - Other - Clarence Center, NY

    Property size:
    2,800 SF
    Lot size:
    1.03 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 20 at 5:06 pm

    Property Features for 9520 Lapp Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Basement
    Bedrooms
    6
    Bathrooms
    4
    APN
    143200-030-000-0002-017-120
    Parking features
    Garage, Open
    Patio and Porch features
    Deck
    Interior features
    CeilingFans, CathedralCeilings, SlidingGlassDoors
    Exterior features
    Deck
    Appliances
    GasWaterHeater
    Size
    2,800 SF
    Lot size
    1.03 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Varies, Tile
    Building materials
    VinylSiding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Connolly

    Keller Williams Realty Buffalo Northtowns

    Listing agent Ryan Connolly License #10301212604

    Listing date Mar 18, 2026

    MLS# B1662637

    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.

    Learn more

    Property Insight Report

    Overview

    Clarence Center Side-by-Side Multi-Family

    This well-maintained side-by-side multi-family home in Clarence Center offers an opportunity to cover mortgage costs. The property, resembling a stand-alone center entrance colonial, is set back from the road and includes a drive with extra turnaround and parking. Each unit features a private 12x12' deck. The interior layout of each side mirrors the other, with an open kitchen featuring quartz counters, counter-top seating, a full pantry, and appliances. New luxury vinyl planks extend through the open first floor, encompassing the dining space and a large living room, as well as a half bath. The right side also includes entry and garage access. All bedrooms are located on the second floor, with the larger primary bedroom featuring a vaulted ceiling and walk-in closet attached to a full bath with a separate toilet and shower room, plus two additional bedrooms. Each side has a full basement with glass block windows and sump pumps. Laundry hookups are available in the basement on the left side, with hookups also on the right side, though currently located in the garage. The attached 2.5 car garage is accessible via the right side unit, offering options for future owners or tenants, including renting out one space to a tenant while maintaining owner unit privacy. The right unit has central air, and both units are wired for generator hookups. A shed in the backyard provides additional storage. Updates include sinks and quartz counters, freshly painted cabinets, sump pumps with battery backup, all smoke and carbon monoxide detectors, freshly stained decks (2025), septic pipe and pump, generator hookups (2024), AC (2018), and roof (2014), plus many new appliances. The property is situated on a 1.03-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store Department Store Food Market Kitchen & Bath Showroom Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarence Center
    County
    Erie
    State
    New York
    Longitude
    -78.634796
    Latitude
    43.043274

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    FAQs

    What type of property is this?
    Duplex - Rare multi-family home with modern updates and income potential.
    Where is this duplex located?
    The property is located at 9520 Lapp Rd Clarence Center, NY.
    What is the asking price?
    The asking price for this property is $494,900.
    What are key features of this property?
    This property features: - Side-by-side multi-family home offers the opportunity to offset mortgage costs through rental income.; - Each unit features an open kitchen with **quartz counters, pantry, and appliances**, plus open floor plan with new luxury vinyl plank flooring.; - Primary bedroom in each unit includes **vaulted ceiling, walk-in closet, and attached full bath with separate toilet/shower room.**
    (716) 908-6924
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    9520 Lapp Rd Clarence Center, NY 14032
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    Clarence Center, NY 14032
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9520 Lapp Rd Clarence Center, NY 14032
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    We can help!
    Listing Contact
    Ryan Connolly
    Real Estate License ID: 10301212604
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