Updated Duplex in Depew
262 River St Cheektowaga, NY 14043
262 River St, Cheektowaga, NY, 14043
$292,500
For Sale
$292,500
Well-maintained duplex with updates, ideal for owner-occupants or investors.
Property Size1,868 SF
Price / SF$156.58
Days on Market66
Property Features for 262 River St
General Information
- Standard status
- Active
- Size
- 1,868 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
WNY METRO ROBERTS REALTY
(716) 955-0750
Listed by
Kristan Jakubowski · License #10401258907
(716) 955-0750
Source
Elliman
Added: May 18 Updated: Jul 10 at 1:39PM Checked: Jul 21 at 8:25AM
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 WNY METRO ROBERTS REALTY
Investment Insights
Based on property information with market context.
This is an extensively updated 1868 sq. ft. duplex located in the Depew Union Free School District. Suited for both owner-occupants and investors, the property is move-in ready and offers income potential. The interior features living areas, neutral paint, updated finishes, and a remodeled lower-unit bath. Improvements include a new shingle roof (2019), rubber roofing updated 3 years ago, a dry-sealed foundation, updated electrical panels, newer cooper lines in basement 2016, HWT (2025, 2016), replacement windows (approx. 5 years), custom window blinds, and a newer sump pump (2023). Both units have central A/C, with the lower unit updated in 2016 and the upper unit updated in 2022. The lower-unit oven/range (2025) and all appliances are included in the sale. The property includes a vinyl front porch, newer front and back doors, 2 driveways, a patio, a partially fenced yard, and a shed with electric. Located near shopping, restaurants, parks, and major thruways. Tax records state 6 Bedrooms but there are 5 Bedrooms on the property and 2 full bathrooms.
Key Highlights
- Move‑in ready double in the desirable Depew Union Free School District.
- Extensively updated with a new shingle roof (2019), updated rubber roofing, dry‑sealed foundation, updated electrical panels, newer copper lines, newer HWTs, replacement windows, and newer sump pump.
- Two units, each with central A/C (lower unit 2016, upper unit 2022) and spacious living areas.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $13.80 |
| − Vacancy | −$8.6k | −$4.61 |
| EGI | $17.2k | $9.19 |
| − OpEx | −$5.1k | −$2.76 |
| NOI | $12.0k | $6.43 |
1,868 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$171.6K
$150.1K – $200.2K
NOI $12,011 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$154.1K
$134.8K – $179.8K
NOI $10,785 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$408.4K
$357.3K – $476.4K
NOI $28,585 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with updates, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 262 River St Cheektowaga, NY.
What is the asking price?
The asking price for this property is $292,500.
What are key features of this property?
This property features: Move‑in ready double in the desirable Depew Union Free School District.; Extensively updated with a new shingle roof (2019), updated rubber roofing, dry‑sealed foundation, updated electrical panels, newer copper lines, newer HWTs, replacement windows, and newer sump pump.; Two units, each with central A/C (lower unit 2016, upper unit 2022) and spacious living areas.
