Updated Side-by-Side
25 Sheldon Ave Lancaster, NY 14043
New
For Sale
$309,900
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 Market2
Property Features for 25 Sheldon Ave
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Multi Family
Building Details
Year Built
1836
Listing Agency:
Keller Williams Realty Lancaster
(716) 989-7440
Listed By:
Timothy D Maciejewski · License #10301217558
(716) 989-7440
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 11:30AM
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
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 For Multifamily LT 5
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 | $31.7k | $13.80 |
| − Vacancy | −$10.6k | −$4.61 |
| EGI | $21.1k | $9.19 |
| − OpEx | −$6.3k | −$2.76 |
| NOI | $14.8k | $6.43 |
2,296 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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 Lancaster, 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
