Brick Duplex with Two-Car
146 Meadowlawn Road, Cheektowaga, NY 14225
For Sale
New
$319,900
Separate gas and electric meters and furnaces serve each apartment.
Property Size2,504 SF
Days on Market6
Property Features for 146 Meadowlawn Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
deck
porch
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Keller Williams Realty Lancaster
Listed By:
David Coric · License NY #10301222093
(716) 997-5787
Source:
Highfallssir
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:49PM
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 Lancaster
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Investment Insights
Based on property information with market context.
This 1963 brick duplex at 146 Meadowlawn Road in Cheektowaga has two apartments. The first-floor unit includes 3 bedrooms, 2 full baths, a living room, a separate den and a remodeled eat-in kitchen. Upstairs, the second unit has 3 bedrooms, 1 full bath, a living room and a remodeled kitchen. Both kitchens were updated within the past few years, and all windows have been replaced. The lower apartment has central air installed in August 2026; the roof and concrete driveway are each less than 10 years old. Each unit has its own furnace and separate gas and electric meters.
Outdoor features include a fully fenced yard, Trex deck, open porch and two-car garage with opener. The property is in the Maryvale School District, with shopping, dining and major routes nearby.
Outdoor features include a fully fenced yard, Trex deck, open porch and two-car garage with opener. The property is in the Maryvale School District, with shopping, dining and major routes nearby.
Key Highlights
- Two apartments, each with 3 bedrooms; first floor has 2 full baths and a separate den, upper unit has 1 full bath
- Separate furnace and gas and electric meters for each unit
- Both kitchens remodeled within the past few years; all windows replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,100
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,000
$322.0K
Cap Rate 7%
$230,000
$230.0K
Cap Rate 9%
$178,889
$178.9K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$34.6K $13.80/SF
− Vacancy
−$11.6K −$4.61/SF
EGI
$23.0K $9.19/SF
− OpEx
−$6.9K −$2.76/SF
NOI
$16.1K $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%
$322,000
Cap Rate 7%
$230,000
Cap Rate 9%
$178,889
Alternative Uses
Best Use
Multifamily LT 5
$230.0K
$201.3K – $268.3K
NOI $16,100 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$206.5K
$180.7K – $241.0K
NOI $14,457 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$547.4K
$479.0K – $638.6K
NOI $38,317 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Market
Average Price Trend$/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 - Separate gas and electric meters and furnaces serve each apartment.
Where is this duplex located?
The property is located at 146 Meadowlawn Road Cheektowaga, NY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms; first floor has 2 full baths and a separate den, upper unit has 1 full bath; Separate furnace and gas and electric meters for each unit; Both kitchens remodeled within the past few years; all windows replaced
