132 Chestnut Street, Gowanda, NY 14070
MULTI_FAMILY - Gowanda, NY
- Added:
- Jun 4, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 10 at 1:06 am
Property Features for 132 Chestnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 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, Varies, Vinyl
- Building materials
- VinylSiding
Listing agent Brandy Hardy License #10401333307 (716) 574-8998
Listing office WNY Metro Roberts Realty 4124 N Buffalo St, cheektowaga, NY (716) 662-0449
Listing date Jun 4, 2026
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.
HighLights
- Renovated two‑unit property at 132 Chestnut Street, built in 1940
- Recent updates include a new roof, new furnaces, new hot water tanks, fresh paint, and all‑new carpeting
- Lower unit: 2 bedrooms, 1 full bathroom, and in‑unit laundry hookup
- Upper unit: 1 bedroom, 1 full bathroom, with attic storage access
- Separate utilities for each unit
- Detached two‑car garage with ample parking via a shared driveway arrangement
Overview
Both units have separate utilities, which can simplify day-to-day management and budgeting. Outside, there is a detached two-car garage and ample parking available through a shared driveway arrangement.
This property is well suited for an investor seeking a move-in ready, turnkey rental addition, or for an owner-occupant looking to offset housing costs with rental income. With the recent and planned improvements, the duplex is designed for buyers who want a largely updated baseline and straightforward unit separation.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gowanda
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.936762
- Latitude
- 42.459305
