Tenant-Occupied
For Sale
Contact for pricing
Pending
136 Lake Shore Dr E, Dunkirk, NY 14048
Separate lower and upper residences provide two- and three-bedroom layouts.
Property Size1,496 SF
Days on Market67
Property Features for 136 Lake Shore Dr E
General Information
Standard status
Pending
Size
1,496 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,027
Building Details
Building Size
1,496 SF
Year Built
1872
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Buffalo Northtowns
Listed By:
Max Fenske · License #10401313813
(716) 913-3680
Source:
Elliman
Added: Aug 11
Changed: Oct 8
Last Checked: Oct 15 at 1:12AM
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 Keller Williams Realty Buffalo Northtowns
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Investment Insights
Based on property information with market context.
This tenant-occupied duplex at 136 Lake Shore Dr E in Dunkirk, NY, contains two residential units arranged across the lower and upper levels. The lower residence has 2 bedrooms, while the upper residence has 3 bedrooms. The property was built in 1872.
The sale is offered strictly as-is, with no interior access or showings available before purchase. Buyers and their agents are responsible for conducting available due diligence and independently confirming the condition, mechanical systems, utilities, code compliance, occupancy, and other property details. The property is being purchased without a pre-closing interior inspection.
The sale is offered strictly as-is, with no interior access or showings available before purchase. Buyers and their agents are responsible for conducting available due diligence and independently confirming the condition, mechanical systems, utilities, code compliance, occupancy, and other property details. The property is being purchased without a pre-closing interior inspection.
Key Highlights
- Tenant‑occupied duplex with two residential units
- 2‑bedroom lower unit and 3‑bedroom upper unit
- Constructed in 1872
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,326
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,520
$226.5K
Cap Rate 7%
$161,800
$161.8K
Cap Rate 9%
$125,844
$125.8K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$23.7K $15.84/SF
− Vacancy
−$3.1K −$2.08/SF
EGI
$20.6K $13.76/SF
− OpEx
−$9.3K −$6.19/SF
NOI
$11.3K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,520
Cap Rate 7%
$161,800
Cap Rate 9%
$125,844
Alternative Uses
Best Use
Multifamily LT 5
$176.8K
$154.7K – $206.3K
NOI $12,379 @ 7.0% cap · market cap 82.53%
Second Best
Apartment 5plus
$161.8K
$141.6K – $188.8K
NOI $11,326 @ 7.0% cap · market cap 75.51%
Theoretical Best
Office A
$447.8K
$391.8K – $522.4K
NOI $31,344 @ 7.0% cap · market cap 208.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 14048, NY
15,062
Population
7,506
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
655
Density / Sq Mi
$52,971
Median Household Income
$34,200
Median Earnings
$905
Median Rent
$98,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate lower and upper residences provide two- and three-bedroom layouts.
Where is this duplex located?
The property is located at 136 Lake Shore Dr E Dunkirk, NY.
What are key features of this property?
This property features: Tenant‑occupied duplex with two residential units; 2‑bedroom lower unit and 3‑bedroom upper unit; Constructed in 1872
