Brick Duplex with Deep
New
For Sale
$249,000
1687 Abbott Rd, Lackawanna, NY 14218
Two-unit brick duplex built in 1941 with separate utilities, updated kitchen and bath, and a large parking area plus deep garage.
Days on Market3
Property Features for 1687 Abbott Rd
General Information
Standard status
Active
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Amenities
basement and storage access
laundry unit
Building Details
Building Size
2,320 SF
Year Built
1941
Construction
brick
Tenancy
Multi
Listing Agency:
(716) 578-4386
Listed By:
Gina R DuBois
(716) 578-4386
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 4:09AM
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 Gina R DuBois
Investment Insights
Based on property information with market context.
This brick two-unit duplex offers distinctive interior finishes with woodwork and tile throughout. The layout is configured to provide privacy within each unit, including a lower apartment on the left with a separate private bedroom upstairs. The left unit also has private access to the basement and storage area. Interior updates include an updated bath and kitchen, and the upper unit features a newer laundry unit located in the hall for tenant convenience.
Separate utilities, laundry, and parking support day-to-day ease. On-site parking includes a large parking area plus a deep garage.
Built in 1941, the property is at 1687 Abbott Rd in Lackawanna, NY 14218. Mobility context shows BikeScore 46 and WalkScore 53 (somewhat bikeable/walkable) and TransitScore 32 (some transit).
Separate utilities, laundry, and parking support day-to-day ease. On-site parking includes a large parking area plus a deep garage.
Built in 1941, the property is at 1687 Abbott Rd in Lackawanna, NY 14218. Mobility context shows BikeScore 46 and WalkScore 53 (somewhat bikeable/walkable) and TransitScore 32 (some transit).
Key Highlights
- Brick two‑unit duplex built in 1941
- Lower‑left unit includes private access to basement and storage
- Upper unit has a newer laundry unit in the hall
Financial Insights For Apartment 5plus
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 | $40.4k | $17.40 |
| − Vacancy | −$1.8k | −$0.78 |
| EGI | $38.6k | $16.62 |
| − OpEx | −$17.3k | −$7.48 |
| NOI | $21.2k | $9.14 |
2,320 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.9K
$287.8K – $383.7K
NOI $23,020 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$302.9K
$265.0K – $353.4K
NOI $21,203 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$557.9K
$488.2K – $650.9K
NOI $39,054 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick duplex built in 1941 with separate utilities, updated kitchen and bath, and a large parking area plus deep garage.
Where is this duplex located?
The property is located at 1687 Abbott Rd Lackawanna, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Brick two‑unit duplex built in 1941; Lower‑left unit includes private access to basement and storage; Upper unit has a newer laundry unit in the hall
