262 River St Cheektowaga, NY 14043
Well-maintained duplex with updates, ideal for owner-occupants or investors.
Property Features for 262 River St
General Information
- Standard status
- Active
- Size
- 1,868 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing office WNY METRO ROBERTS REALTY (716) 955-0750
Listing date May 18, 2026
Source Elliman
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 WNY METRO ROBERTS REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Move‑in ready double in the desirable Depew Union Free School District.
- Extensively updated with a new shingle roof (2019), updated rubber roofing, dry‑sealed foundation, updated electrical panels, newer copper lines, newer HWTs, replacement windows, and newer sump pump.
- Two units, each with central A/C (lower unit 2016, upper unit 2022) and spacious living areas.
Local 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 | $25.8k | $13.80 |
| − Vacancy | −$8.6k | −$4.61 |
| EGI | $17.2k | $9.19 |
| − OpEx | −$5.1k | −$2.76 |
| NOI | $12.0k | $6.43 |
