Renovated Two-Unit
132 Chestnut Street Gowanda, NY 14070
132 Chestnut Street, Gowanda, NY, 14070
$129,999
For Sale
$129,999
MULTI_FAMILY - Gowanda, NY
Property Size1,499 SF
Lot Size0.23 Acres
Price / SF$86.72
Days on Market48
Property Features for 132 Chestnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- PullDownAtticStairs
- Exterior features
- EnclosedPorch, Porch
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 047201-008-083-0003-031-000-0000
- Size
- 1,499 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1227
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Varies
- Building materials
- VinylSiding
Listing agency
WNY Metro Roberts Realty
(716) 662-0449
Listed by
Brandy Hardy · License #10401333307
(716) 574-8998
Added: Jun 4 Updated: Jul 20 at 8:52AM Checked: Jul 21 at 9:06PM
MLS# B1687536
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Welcome to 132 Chestnut Street, a renovated two-unit duplex in the Village of Gowanda. The property has seen extensive recent updates, including a new roof, new furnaces, new hot water tanks, fresh paint throughout, and all-new carpeting. Additional work is underway, with new block windows and a new garage door scheduled to be installed prior to showings.
The lower unit features 2 bedrooms, 1 full bathroom, and in-unit laundry hookups. The upper unit offers 1 bedroom, 1 full bathroom, and access to attic storage space. Both units have separate utilities.
Outside, the duplex includes a detached two-car garage and ample parking available through the shared driveway arrangement.
The lower unit features 2 bedrooms, 1 full bathroom, and in-unit laundry hookups. The upper unit offers 1 bedroom, 1 full bathroom, and access to attic storage space. Both units have separate utilities.
Outside, the duplex includes a detached two-car garage and ample parking available through the shared driveway arrangement.
Key Highlights
- Renovated 2‑unit property built in 1940 with multiple major updates completed, including a new roof
- Recent systems upgrades include new furnaces and new hot water tanks, plus fresh paint and all‑new carpeting
- Lower unit: 2 bedrooms, 1 full bathroom, with in‑unit laundry hookups
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 | $15.3k | $10.20 |
| − Vacancy | −$1.5k | −$1.02 |
| EGI | $13.8k | $9.18 |
| − OpEx | −$4.1k | −$2.75 |
| NOI | $9.6k | $6.43 |
1,499 SF · lease $10.20/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$137.6K
$120.4K – $160.6K
NOI $9,633 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$129.3K
$113.2K – $150.9K
NOI $9,052 @ 7.0% cap · market cap 6.96%
Theoretical Best
Healthcare Medical
$296.3K
$259.2K – $345.6K
NOI $20,738 @ 7.0% cap · market cap 15.95%
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 - Two recently updated units with separate utilities, in-unit laundry hookups, and a detached two-car garage.
Where is this duplex located?
The property is located at 132 Chestnut Street Gowanda, NY.
What is the asking price?
The asking price for this property is $129,999.
What are key features of this property?
This property features: Renovated 2‑unit property built in 1940 with multiple major updates completed, including a new roof; Recent systems upgrades include new furnaces and new hot water tanks, plus fresh paint and all‑new carpeting; Lower unit: 2 bedrooms, 1 full bathroom, with in‑unit laundry hookups
