Duplex
189 Willowlawn Parkway, Cheektowaga, NY 14206
For Sale
$239,900
Recent paint and carpet work refreshes the interior of this two-unit property.
Property Size2,702 SF
Days on Market11
Property Features for 189 Willowlawn Parkway
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
HUNT Real Estate ERA
Listed By:
Gina Hammar · License #10401335836
(716) 445-9225
Source:
Highfallssir
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 6 at 3:54PM
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 duplex, built in 1930, has recently received interior paint and new carpeting. The property is being offered in as-is condition.
The location provides access to the New York State Thruway, with restaurants and everyday services in the surrounding area.
The location provides access to the New York State Thruway, with restaurants and everyday services in the surrounding area.
Key Highlights
- Duplex property built in 1930
- Interior recently painted and fitted with new carpeting
- Access to the New York State Thruway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,373
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,460
$347.5K
Cap Rate 7%
$248,186
$248.2K
Cap Rate 9%
$193,033
$193.0K
Market Conditions
NOI Build-Up for 2,702 SF
Gross rent
$37.3K $13.80/SF
− Vacancy
−$12.5K −$4.61/SF
EGI
$24.8K $9.19/SF
− OpEx
−$7.4K −$2.76/SF
NOI
$17.4K $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%
$347,460
Cap Rate 7%
$248,186
Cap Rate 9%
$193,033
Alternative Uses
Best Use
Multifamily LT 5
$248.2K
$217.2K – $289.6K
NOI $17,373 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$222.9K
$195.0K – $260.0K
NOI $15,600 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$590.7K
$516.8K – $689.1K
NOI $41,347 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 14206, NY
21,706
Population
10,677
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
4,341
Density / Sq Mi
$46,842
Median Household Income
$38,379
Median Earnings
$886
Median Rent
$111,600
Median Home Value
Market
Average Price Trend$/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 - Recent paint and carpet work refreshes the interior of this two-unit property.
Where is this duplex located?
The property is located at 189 Willowlawn Parkway Cheektowaga, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex property built in 1930; Interior recently painted and fitted with new carpeting; Access to the New York State Thruway
