Updated 2-Unit
130 Ridge Park Avenue, Cheektowaga, NY 14211
For Sale
$229,900
Both residences have refreshed kitchens, bathrooms, flooring, paint, and lighting.
Property Size1,985 SF
Lot Size0.10 Acres
Price / SF$115.82
Days on Market69
Property Features for 130 Ridge Park Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Balcony
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Howard Hanna WNY Inc.
(716) 773-1900
Listed By:
Muhammad Ahsan · License NY #10401369351
(716) 617-8330
Source:
Deeprootedrealty
Added: Sep 2
Changed: Nov 9
Last Checked: Nov 9 at 3:05PM
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 Howard Hanna WNY Inc.
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Investment Insights
Based on property information with market context.
This 1930 duplex contains two residences with a combined 4 bedrooms and 2 full bathrooms. The building offers 1,985 square feet of living area on a 4,170-square-foot lot. Updates include kitchens, bathrooms, flooring, paint, and lighting in both units. A professionally prepared floor plan is included with the listing.
The property at 130 Ridge Park Avenue in Cheektowaga is one block from Cheektowaga Town Park and minutes from Walden Galleria Mall. Major roads and New York State Route 90 are accessible nearby.
The property at 130 Ridge Park Avenue in Cheektowaga is one block from Cheektowaga Town Park and minutes from Walden Galleria Mall. Major roads and New York State Route 90 are accessible nearby.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 full bathrooms
- 1,985 square feet of living space on a 4,170‑square‑foot lot
- Both units have updated kitchens and bathrooms, flooring, paint, and lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,763
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,260
$255.3K
Cap Rate 7%
$182,329
$182.3K
Cap Rate 9%
$141,811
$141.8K
Market Conditions
NOI Build-Up for 1,985 SF
Gross rent
$27.4K $13.80/SF
− Vacancy
−$9.2K −$4.61/SF
EGI
$18.2K $9.19/SF
− OpEx
−$5.5K −$2.76/SF
NOI
$12.8K $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%
$255,260
Cap Rate 7%
$182,329
Cap Rate 9%
$141,811
Alternative Uses
Best Use
Multifamily LT 5
$182.3K
$159.5K – $212.7K
NOI $12,763 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$163.7K
$143.3K – $191.0K
NOI $11,461 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$433.9K
$379.7K – $506.3K
NOI $30,375 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
Median Home Value
Market
Average Price Trend$/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 - Both residences have refreshed kitchens, bathrooms, flooring, paint, and lighting.
Where is this duplex located?
The property is located at 130 Ridge Park Avenue Cheektowaga, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 full bathrooms; 1,985 square feet of living space on a 4,170‑square‑foot lot; Both units have updated kitchens and bathrooms, flooring, paint, and lighting
