2-Unit Duplex with Updated
For Sale
$269,000
12050 Savage Road, Chaffee, NY 14030
Residential, Chaffee, NY
Property Size2,032 SF
Lot Size0.50 Acres
Price / SF$132.38
Days on Market94
Property Features for 12050 Savage Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 4, Bedroom 3
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Pioneer
Middle school district
Pioneer
High school district
Pioneer
Directions
Heading northbound on Route 39, turn left onto Savage Road.
Subdivision
Sardinia-146200
Standard status
Active
APN
146200-311-180-0001-034-000
Size
2,032 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
2721
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Well
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Varies
Building materials
VinylSiding, WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Jessica Petri · License #10401361674
(716) 498-1330
Added: Jul 29
Changed: Oct 24
Last Checked: Oct 30 at 2:06PM
MLS# B1702282
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This upper-and-lower duplex contains 2,032 square feet across two apartments. Each unit includes 2 bedrooms, 1 full bathroom, a living room, and a practical residential layout. The property has vinyl and wood siding, varied laminate and carpet flooring, natural-gas forced-air heat, and central air conditioning. Major updates include windows installed 4 years ago and an asphalt roof installed 8 years ago.
Set on 0.5 acres in Chaffee, the property uses a well and septic system. It is located 10 minutes from Springville and 8 minutes from Arcade, providing access to both nearby communities. Built in 1920, the duplex can accommodate an owner-occupant arrangement or continued use as a two-unit residential property.
Set on 0.5 acres in Chaffee, the property uses a well and septic system. It is located 10 minutes from Springville and 8 minutes from Arcade, providing access to both nearby communities. Built in 1920, the duplex can accommodate an owner-occupant arrangement or continued use as a two-unit residential property.
Key Highlights
- Two‑unit upper‑and‑lower duplex with 2,032 square feet
- Each apartment has 2 bedrooms, 1 full bathroom, and a living room
- New windows installed 4 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,065
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,300
$261.3K
Cap Rate 7%
$186,643
$186.6K
Cap Rate 9%
$145,167
$145.2K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$28.0K $13.80/SF
− Vacancy
−$9.4K −$4.61/SF
EGI
$18.7K $9.19/SF
− OpEx
−$5.6K −$2.76/SF
NOI
$13.1K $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%
$261,300
Cap Rate 7%
$186,643
Cap Rate 9%
$145,167
Alternative Uses
Best Use
Multifamily LT 5
$186.6K
$163.3K – $217.8K
NOI $13,065 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$167.6K
$146.7K – $195.5K
NOI $11,732 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$444.2K
$388.7K – $518.2K
NOI $31,094 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 14030, NY
1,755
Population
791
Households
2.2
Avg Household Size
48
Median Age
19%
College-Educated
89%
High-School Grad
21.2 sq mi
ZIP Area
83
Density / Sq Mi
$84,792
Median Household Income
$49,069
Median Earnings
$743
Median Rent
$204,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower apartments offer matching layouts with natural-gas heating and central air.
Where is this duplex located?
The property is located at 12050 Savage Road Chaffee, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit upper‑and‑lower duplex with 2,032 square feet; Each apartment has 2 bedrooms, 1 full bathroom, and a living room; New windows installed 4 years ago
