Updated Side-by-Side
For Sale
$309,900
25 Sheldon Ave, Depew, NY 14043
Impeccably updated side-by-side duplex with two separate residences, including fenced patio access and off-street parking.
Property Size2,296 SF
Price / SF$134.97
Days on Market91
Property Features for 25 Sheldon Ave
General Information
Standard status
Active
Size
2,296 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Gross Income
$32,400
Amenities
private fenced patio
common green space
white picket fencing
Building Details
Year Built
1836
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Lancaster
Listed By:
Timothy D Maciejewski · License #10301217558
(716) 989-7440
Source:
Skinnercnyrealty
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 7 at 3:57PM
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 Keller Williams Realty Lancaster
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Investment Insights
Based on property information with market context.
This side-by-side duplex has been updated and maintained, offering two separate units with modern finishes. The property includes a spacious 3-bedroom, 1.5-bath unit and a 2-bedroom, 1.5-bath unit, both described as move-in ready. Each apartment features white shaker kitchen cabinetry with stainless steel appliances included, updated bathrooms, contemporary flooring, recessed lighting, and a bright neutral color palette. The 3-bedroom unit also has exclusive access to a private, fully fenced patio, and there is an expansive side yard for shared outdoor enjoyment. A detached two-car garage and ample off-street parking complete the exterior improvements.
The duplex is located in the Lancaster Central School District. The property is tenant occupied, and 48-hour notice is required for all showings. Select interior photographs have been virtually staged to illustrate the layout.
The duplex is located in the Lancaster Central School District. The property is tenant occupied, and 48-hour notice is required for all showings. Select interior photographs have been virtually staged to illustrate the layout.
Key Highlights
- Side‑by‑side duplex built in 1836 with 2,296 SF total living space
- Two units: a 3‑bedroom, 1.5‑bath unit and a 2‑bedroom, 1.5‑bath unit
- Currently generates $2,700/month in rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,763
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,260
$295.3K
Cap Rate 7%
$210,900
$210.9K
Cap Rate 9%
$164,033
$164.0K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$10.6K −$4.61/SF
EGI
$21.1K $9.19/SF
− OpEx
−$6.3K −$2.76/SF
NOI
$14.8K $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%
$295,260
Cap Rate 7%
$210,900
Cap Rate 9%
$164,033
Alternative Uses
Best Use
Multifamily LT 5
$210.9K
$184.5K – $246.1K
NOI $14,763 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$189.4K
$165.7K – $220.9K
NOI $13,256 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$501.9K
$439.2K – $585.6K
NOI $35,134 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
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 - Impeccably updated side-by-side duplex with two separate residences, including fenced patio access and off-street parking.
Where is this duplex located?
The property is located at 25 Sheldon Ave Depew, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1836 with 2,296 SF total living space; Two units: a 3‑bedroom, 1.5‑bath unit and a 2‑bedroom, 1.5‑bath unit; Currently generates $2,700/month in rental income
