Side-by-Side
116 Ellen Dr, Cheektowaga, NY 14225
For Sale
New
$264,900
Each residence has its own layout, with appliances included and shared basement storage and outdoor space.
Property Size1,822 SF
Days on Market4
Property Features for 116 Ellen Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
HUNT Real Estate Corporation
Listed By:
Md Nazmul Hussain · License NY #10401369637
(347) 968-4231
Source:
Elliman
Added: Nov 10
Last Checked: Nov 12 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HUNT Real Estate Corporation
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Investment Insights
Based on property information with market context.
Built in 1942, this duplex contains two side-by-side residences with distinct floor plans. One unit has a living room, dining room, and kitchen on the main level, plus two bedrooms and a full bathroom upstairs. The other includes a main-floor bedroom, living area, kitchen, and half bathroom, with two more bedrooms and a full bathroom above. A stove and refrigerator are provided in each unit.
The property also has a full basement for storage, a yard, and an outdoor storage shed. It is located in Cheektowaga, New York.
The property also has a full basement for storage, a yard, and an outdoor storage shed. It is located in Cheektowaga, New York.
Key Highlights
- Two side‑by‑side units with separate living layouts
- One unit has 2 bedrooms and 1 full bathroom; the other has 3 bedrooms and 1.5 bathrooms
- Stove and refrigerator included in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,715
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,300
$234.3K
Cap Rate 7%
$167,357
$167.4K
Cap Rate 9%
$130,167
$130.2K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$25.1K $13.80/SF
− Vacancy
−$8.4K −$4.61/SF
EGI
$16.7K $9.19/SF
− OpEx
−$5.0K −$2.76/SF
NOI
$11.7K $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%
$234,300
Cap Rate 7%
$167,357
Cap Rate 9%
$130,167
Alternative Uses
Best Use
Multifamily LT 5
$167.4K
$146.4K – $195.3K
NOI $11,715 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$150.3K
$131.5K – $175.3K
NOI $10,520 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$398.3K
$348.5K – $464.7K
NOI $27,881 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Erie County, NY
Properties on Market for Duplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own layout, with appliances included and shared basement storage and outdoor space.
Where is this duplex located?
The property is located at 116 Ellen Dr Cheektowaga, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two side‑by‑side units with separate living layouts; One unit has 2 bedrooms and 1 full bathroom; the other has 3 bedrooms and 1.5 bathrooms; Stove and refrigerator included in each unit
