Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lackawanna Multi-Unit Investment Property Title is generated by Realmo AI

    15 Monroe Street, Lackawanna, NY 14218

    View on Map
    Claim this Listing
    Picture of Duplexes at 15 Monroe Street, Lackawanna, NY
    For Sale
    $119,999

    MULTI_FAMILY - Other - Lackawanna, NY

    Property size:
    1,554 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $77/SF
    Added:
    Jan 6, 2026
    Days on Market:
    130
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 15 Monroe Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 4
    Exterior features
    FullyFenced
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    140900-142-620-0006-013-100
    Size
    1,554 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5032

    Utilities

    Heating system
    Forced Air, Space Heater, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Hardwood
    Building materials
    VinylSiding
    Architectural style
    Other

    We can help!

    Listing Contact
    Haza Taha

    Listing agent Haza Taha License #10401396705

    Listing office MJ Peterson Real Estate Inc. 200 John James Audubon Ste 101, NY

    Listing date Jan 6, 2026

    MLS# B1656782 Listing URL

    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

    • High rental income potential with current rents of $550 and $450 per unit.
    • Opportunity to increase rents to $800-$900 per unit for strong future returns.
    • Multi‑unit property featuring two separate units.
    • Each unit includes 2 bedrooms, 1 bathroom, a living room, and a kitchen.
    • Property is fully fenced.
    • Durable vinyl siding construction.

    Overview

    This multi-unit investment property, located in Lackawanna, NY, features two units. Each unit includes 2 bedrooms, 1 bathroom, a living room, and a kitchen. The property size is 1554 square feet, situated on a 0.1488-acre lot. The first unit currently earns $550 per month, and the second earns $450 per month. There is potential to increase rents up to $800-$900 per unit, suggesting strong future returns.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lackawanna
    County
    Erie
    State
    New York
    Longitude
    -78.826559
    Latitude
    42.816211

    Nearby Similar for Sale

    • $259,900
      2,384 SF

      Updated Two-Family Home in Lackawanna

      Well-maintained, updated two-family home, ideal for owner-occupants or investors.
      54 Knowlton Avenue, Lackawanna, NY 14218
      View Details
    • $249,990
      2,352 SF

      Well-Maintained Two-Family Home

      Updated two-family home in Lackawanna, ideal for investors.
      73 Knowlton Avenue, Lackawanna, NY 14218
      View Details
    • $449,900
      1,770 SF

      Turn-Key Auto Repair Business

      Established auto repair business for sale with equipment and land.
      2230 Abbott Rd, Lackawanna, NY 14218
      View Details
    • $650,000

      Remodeled Gas Station C-Store

      Fully operational gas station and convenience store in Lackawanna, NY.
      2540 South Park Avenue, Lackawanna, NY 14218
      View Details
    • $424,900
      4,290 SF

      MULTI_FAMILY - Lackawanna, NY

      90 Warsaw Street, Lackawanna, NY 14218
      View Details
    • $429,900

      Large Six-Unit Investment Opportunity

      Six-unit property with updated apartments, five units vacant.
      90 Warsaw St, Lackawanna, NY 14218
      View Details
    • $349,900

      Lackawanna Brick 4-Unit Building

      Four-unit residential building with long-term tenants in Lackawanna, NY.
      40 Eagan Dr, Lackawanna, NY 14218
      View Details
    • $259,900

      Four-Unit Multifamily Property

      Multifamily property with four units, fenced lot, and garage.
      186 Center St, Lackawanna, NY 14218
      View Details
    • $259,900

      Updated Two-Family Home in Lackawanna

      Well-maintained, updated two-family home ideal for investors or owner-occupants.
      54 Knowlton Ave, Lackawanna, NY 14218
      View Details
    • Contact for pricing

      Lackawanna Office Space Available

      9,800 SF facility with 1,000 SF space for lease.
      2719 South Park Avenue , Lackawanna, NY 14218
      View Details
    • $174,900

      All Brick Lackawanna Duplex

      All brick 3/3 duplex with garage and basement.
      208 W Elmview Ave, Lackawanna, NY 14218
      View Details
    • $1,398,000
      16,823 SF

      Fully Rented Lackawanna Multifamily Investment

      Fourteen-unit, fully rented multifamily property with income upside.
      18-22 Maple Grove Ave & 128 Colton Ave, Lackawanna, NY 14218
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-unit property in Lackawanna, NY with high rental potential.
    Where is this duplex located?
    The property is located at 15 Monroe Street Lackawanna, NY.
    What is the asking price?
    The asking price for this property is $119,999.
    What are key features of this property?
    This property features: High rental income potential with current rents of $550 and $450 per unit.; Opportunity to increase rents to $800-$900 per unit for strong future returns.; Multi‑unit property featuring two separate units.
    (716) 777-6766
    We can help!
    Listing Contact
    Haza Taha
    Real Estate License ID: 10401396705
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 Monroe Street, Lackawanna, NY 14218
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!