Building Details

Building Size 2,032 SF

Year Built 1920

Tenancy Multi

Listing Agency: WNY Metro Roberts Realty

Listed By: Jessica Petri · License #10401361674 Show Phone

Source: Griffith-realty

Added: Jul 29 Changed: Oct 25 Last Checked: Oct 28 at 4:51PM

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Investment Insights

Based on property information with market context.

This upper/lower duplex, built in 1920, includes two apartments with matching layouts. Each unit has 2 bedrooms, 1 full bathroom, a living room, and a functional floor plan. The property supports an owner-occupant arrangement with one unit available for rental, or use of both apartments as an income property.

Major updates include new windows installed 4 years ago and a new roof installed 8 years ago. Located at 12050 Savage Rd in Sardinia, NY, the property is 10 minutes from Springville and 8 minutes from Arcade. The location has a Walk Score of 10 and a bikeScore of 26, classified as Somewhat Bikeable.

Key Highlights

• Two‑unit upper/lower duplex with 2 bedrooms and 1 full bathroom in each unit
• New windows installed 4 years ago
• New roof installed 8 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

Is this asking price fair?

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 (±1% cap)

NOI $13,065 @ 7.0% cap · market cap 4.86%

Second Best

Apartment 5plus

$167.6K

$146.7K – $195.5K (±1% cap)

NOI $11,732 @ 7.0% cap · market cap 4.36%

Theoretical Best

Office A

$444.2K

$388.7K – $518.2K (±1% cap)

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

Multi-tenant

Tenancy

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Upper and lower apartments provide matching layouts suited to rental or owner-occupant use.

Where is this duplex located?

The property is located at 12050 Savage Road Sardinia, 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/lower duplex with 2 bedrooms and 1 full bathroom in each unit; New windows installed 4 years ago; New roof installed 8 years ago