Side-by-Side
18 Sandstone Drive #16, Cheektowaga, NY 14225
For Sale
$190,000
One residence features two bedrooms, an enclosed patio, and a separate enclosed entry room.
Property Size1,402 SF
Price / SF$135.52
Days on Market59
Property Features for 18 Sandstone Drive #16
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
enclosed patio
enclosed entry room
Building Details
Year Built
Listing Agency:
HUNT Real Estate ERA
(716) 681-3900
Listed By:
Gary E Gorski · License #10301201732
(716) 435-7653
Source:
Prestigefamilyrealty
Added: Sep 11
Changed: Nov 7
Last Checked: Nov 7 at 5:12PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex in Cheektowaga was built in 1944 and has a reported property size of 1,402 SF. One two-bedroom residence has been updated and repainted. The right-side unit includes an enclosed entry room that can serve as additional living, storage, or flex space, along with an enclosed patio overlooking open green space.
The roof has undergone a full tear-off and resheeting, with 30-year architectural shingles installed. Mechanical systems are described as being in good working order. Route 33 Expressway is a short drive away.
The roof has undergone a full tear-off and resheeting, with 30-year architectural shingles installed. Mechanical systems are described as being in good working order. Route 33 Expressway is a short drive away.
Key Highlights
- Side‑by‑side duplex with a reported property size of 1,402 SF
- One updated, freshly painted two‑bedroom unit
- Right‑side unit has an enclosed entry room for living, storage, or flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,014
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,280
$180.3K
Cap Rate 7%
$128,771
$128.8K
Cap Rate 9%
$100,156
$100.2K
Market Conditions
NOI Build-Up for 1,402 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$6.5K −$4.61/SF
EGI
$12.9K $9.19/SF
− OpEx
−$3.9K −$2.76/SF
NOI
$9.0K $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%
$180,280
Cap Rate 7%
$128,771
Cap Rate 9%
$100,156
Alternative Uses
Best Use
Multifamily LT 5
$128.8K
$112.7K – $150.2K
NOI $9,014 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$115.6K
$101.2K – $134.9K
NOI $8,095 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$306.5K
$268.2K – $357.6K
NOI $21,454 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
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 - One residence features two bedrooms, an enclosed patio, and a separate enclosed entry room.
Where is this duplex located?
The property is located at 18 Sandstone Drive #16 Cheektowaga, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Side‑by‑side duplex with a reported property size of 1,402 SF; One updated, freshly painted two‑bedroom unit; Right‑side unit has an enclosed entry room for living, storage, or flex space
