2-Unit Duplex with Updated
19 Atwood Place, Cheektowaga, NY 14225
For Sale
$215,000
Each residence has separate gas and electric service, and the upper apartment is vacant.
Property Size1,948 SF
Days on Market12
Property Features for 19 Atwood Place
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
eXp Realty
Listed By:
Jeffrey Buchholz · License #10401385244
(716) 472-9495
Source:
Highfallssir
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 3:20PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two apartments, each with two bedrooms and one bathroom. The upper residence is vacant. Gas and electric service are separately metered for the units.
Both furnaces were replaced in 2024. Work that year also included the lower apartment’s hot water tank and its front and rear roofs. The pool is slated for removal before closing, which will leave the backyard without it.
The property is in Cheektowaga, with shopping and dining nearby and access to Routes 33 and 90.
Both furnaces were replaced in 2024. Work that year also included the lower apartment’s hot water tank and its front and rear roofs. The pool is slated for removal before closing, which will leave the backyard without it.
The property is in Cheektowaga, with shopping and dining nearby and access to Routes 33 and 90.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Upper apartment is vacant
- Separate gas and electric service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,525
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,500
$250.5K
Cap Rate 7%
$178,929
$178.9K
Cap Rate 9%
$139,167
$139.2K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$26.9K $13.80/SF
− Vacancy
−$9.0K −$4.61/SF
EGI
$17.9K $9.19/SF
− OpEx
−$5.4K −$2.76/SF
NOI
$12.5K $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%
$250,500
Cap Rate 7%
$178,929
Cap Rate 9%
$139,167
Alternative Uses
Best Use
Multifamily LT 5
$178.9K
$156.6K – $208.8K
NOI $12,525 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$160.7K
$140.6K – $187.5K
NOI $11,247 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$425.8K
$372.6K – $496.8K
NOI $29,809 @ 7.0% cap · market cap 13.86%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
451
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 - Each residence has separate gas and electric service, and the upper apartment is vacant.
Where is this duplex located?
The property is located at 19 Atwood Place Cheektowaga, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Upper apartment is vacant; Separate gas and electric service for each unit
