Duplex with Two-Car
New
For Sale
$250,000
16 Brandel Avenue, Lancaster, NY 14086
Both residences have appliances and hardwood floors, with off-street parking available.
Property Size1,850 SF
Days on Market4
Property Features for 16 Brandel Avenue
General Information
Standard status
Active
Size
1,850 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,532
Building Details
Building Size
1,850 SF
Year Built
1900
Buildings
1
Listing Agency:
HUNT Real Estate ERA
Listed By:
Joseph A Trifilo · License #40TR0760579
(716) 553-3939
Source:
Highfallssir
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:07AM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
This duplex, built in 1900, contains two rental units, each with two bedrooms, hardwood floors, replacement windows, and appliances. A two-car garage and additional off-street parking serve the property.
Bars, restaurants, and shopping are nearby. The property is owner-occupied.
Bars, restaurants, and shopping are nearby. The property is owner-occupied.
Key Highlights
- Two units, each with two bedrooms
- Two‑car garage and off‑street parking
- Hardwood floors and replacement windows in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,895
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,900
$237.9K
Cap Rate 7%
$169,929
$169.9K
Cap Rate 9%
$132,167
$132.2K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$25.5K $13.80/SF
− Vacancy
−$8.5K −$4.61/SF
EGI
$17.0K $9.19/SF
− OpEx
−$5.1K −$2.76/SF
NOI
$11.9K $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%
$237,900
Cap Rate 7%
$169,929
Cap Rate 9%
$132,167
Alternative Uses
Best Use
Multifamily LT 5
$169.9K
$148.7K – $198.3K
NOI $11,895 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$152.6K
$133.5K – $178.0K
NOI $10,681 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$404.4K
$353.9K – $471.8K
NOI $28,309 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 14086, NY
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,051
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have appliances and hardwood floors, with off-street parking available.
Where is this duplex located?
The property is located at 16 Brandel Avenue Lancaster, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two units, each with two bedrooms; Two‑car garage and off‑street parking; Hardwood floors and replacement windows in both units
