Two-Unit Residential Income
37 Nelson Pl Lackawanna, NY 14218
New
Well-maintained duplex with a covered front porch, private driveway, and detached garage, offering a 2-bedroom and 1-bedroom unit layout.
Type:Multi Family
Property size:
1,419 SFPrice / SF:
$140/SF- Added:
- Jul 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 9 at 2:45 am
Property Features for 37 Nelson Pl
General Information
- Standard status
- Active
- Size
- 1,419 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1927
Listing office (716) 807-6401
Listing date Jul 8, 2026
Source Elliman
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 Sean Mattrey
Investment Insights
Based on property information with market context.
This well-maintained two-unit residential duplex features a 2-bedroom lower apartment and a 1-bedroom upper apartment, totaling two separate living spaces. The units are described as move-in ready with updated flooring, neutral décor, and functional layouts. Kitchens include ample cabinet space, and the bathrooms have been refreshed. A covered front porch provides an outdoor area, while a private driveway and detached garage offer off-street parking and additional storage.
The property is located near shopping, restaurants, parks, schools, and major roadways, with walk, bike, and transit scores of 65, 56, and 31, respectively.
The property is located near shopping, restaurants, parks, schools, and major roadways, with walk, bike, and transit scores of 65, 56, and 31, respectively.
Key Highlights
- 1927‑built, well‑maintained 2‑unit duplex with 1,419 sq. ft. total living space
- Unit mix features a 2‑bedroom lower apartment and a 1‑bedroom upper apartment
- Kitchens include ample cabinet space; bathrooms have been refreshed
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 | $21.3k | $15.00 |
| − Vacancy | −$1.2k | −$0.83 |
| EGI | $20.1k | $14.17 |
| − OpEx | −$6.0k | −$4.25 |
| NOI | $14.1k | $9.92 |
1,419 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$201.1K
$176.0K – $234.7K
NOI $14,080 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.2K
NOI $12,969 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$341.2K
$298.6K – $398.1K
NOI $23,887 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with a covered front porch, private driveway, and detached garage, offering a 2-bedroom and 1-bedroom unit layout.
Where is this duplex located?
The property is located at 37 Nelson Pl Lackawanna, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1927‑built, well‑maintained 2‑unit duplex with 1,419 sq. ft. total living space; Unit mix features a 2‑bedroom lower apartment and a 1‑bedroom upper apartment; Kitchens include ample cabinet space; bathrooms have been refreshed
