Duplex with Rear
For Sale
$279,999
Pending
131 Chamberlin Drive, West Seneca, NY 14210
Well-maintained brick two-family duplex built in 1950 with a rear addition and whole-house generator hookup.
Property Size2,094 SF
Days on Market49
Property Features for 131 Chamberlin Drive
General Information
Standard status
Pending
Size
2,094 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,785
Amenities
whole-house generator hookup
Building Details
Building Size
2,094 SF
Year Built
1950
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Michael Matyjasik · License #10401295685
(716) 907-6854
Source:
Highfallssir
Added: Jul 27
Changed: Aug 31
Last Checked: Sep 13 at 11:12AM
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.
A well-maintained two-family brick duplex built in 1950, offering flexible living arrangements for an investor or owner-occupant. The property includes a rear addition that provides extra living space, along with whole-house generator hook ups for added peace of mind. Newer windows are featured throughout, including 2nd floor triple pane windows.
Additional updates include hot water tanks installed in 2021, a garage roof replaced in 2020, and a garage side door installed in 2011. The exterior is maintained, and the extra-long driveway provides ample off-street parking.
Showings begin 07/29 9AM, with offers due Tuesday 08/04 12PM. BikeScore is 65 and walkScore is 68, with transitScore of 38.
Additional updates include hot water tanks installed in 2021, a garage roof replaced in 2020, and a garage side door installed in 2011. The exterior is maintained, and the extra-long driveway provides ample off-street parking.
Showings begin 07/29 9AM, with offers due Tuesday 08/04 12PM. BikeScore is 65 and walkScore is 68, with transitScore of 38.
Key Highlights
- Two‑family brick duplex built in 1950
- Rear addition provides extra living space
- Whole‑house generator hookup
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,560
$415.6K
Cap Rate 7%
$296,829
$296.8K
Cap Rate 9%
$230,867
$230.9K
Market Conditions
NOI Build-Up for 2,094 SF
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.
Gross rent
$31.4K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.7K $14.17/SF
− OpEx
−$8.9K −$4.25/SF
NOI
$20.8K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,560
Cap Rate 7%
$296,829
Cap Rate 9%
$230,867
Alternative Uses
Best Use
Multifamily LT 5
$296.8K
$259.7K – $346.3K
NOI $20,778 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,250 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 14210, NY
15,480
Population
7,813
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
4,994
Density / Sq Mi
$51,059
Median Household Income
$31,652
Median Earnings
$925
Median Rent
$124,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained brick two-family duplex built in 1950 with a rear addition and whole-house generator hookup.
Where is this duplex located?
The property is located at 131 Chamberlin Drive West Seneca, NY.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Two‑family brick duplex built in 1950; Rear addition provides extra living space; Whole‑house generator hookup
