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Two-Unit Residential Income Property

269 Broezel Avenue Lancaster, NY 14086

269 Broezel Avenue, Lancaster, NY, 14086
$469,900
Pending
For Sale
Claim this Listing
$469,900
Pending

MULTI_FAMILY - Other - Lancaster, NY

Property Size2,564 SF
Lot Size0.21 Acres
AddedJun 10
Days on Market36
Last RefreshJul 15 at 7:06 am

Property Features for 269 Broezel Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Garage, Open
Spa
1
Window features
Drapes
Patio and Porch features
Patio
Interior features
CeilingFans, HotTubSpa, WindowTreatments
Exterior features
FullyFenced, HotTubSpa, Patio
Fencing
Fenced
Appliances
GasWaterHeater
Standard status
Pending
APN
145289-093-200-0001-028-000
Size
2,564 SF
Lot size
0.21 Acres

Taxes and HOA fees

Tax Annual Amount
6744

Utilities

Heating system
Baseboard, Natural Gas
Cooling system
Central Air
Water source
Public

Building Details

Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Varies, Carpet, Laminate, Vinyl
Building materials
Brick, VinylSiding, CopperPlumbing
Roof type
Shingle, Asphalt
Architectural style
Other

Listing agent Jerry Harrington License #10401332436

Listing office WNY Metro Roberts Realty 302 Buffalo Street, cheektowaga, NY

Listing date Jun 10, 2026

MLS# B1689107 Listing URL

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This residential income property includes a main home with a spacious, open feel and two oversized bedrooms, along with a separate two-bedroom apartment that offers an additional option for occupancy. Beyond the living areas, the home features a heated and cooled garage with loft space above, plus a finished lower level with a full bath. A Generac generator adds backup power, and the property also offers a large patio and an oversized driveway to support everyday use.

The home is located just minutes from Lancaster High School, with nearby parks and access to the Village of Lancaster.

For buyers seeking a property that can be configured for extended family, guests, or a renter, the separate apartment layout provides practical flexibility while keeping both units within the same overall property. The heated and cooled garage with loft space can support a variety of storage or workspace needs, and the finished lower level and full bath add additional functional living area depending on how the property is used.

Key Highlights

  • Separate two‑bedroom apartment offers flexible living or rental options alongside the main home
  • Heated and cooled garage includes loft space above for extra usable room
  • Finished lower level with a full bath adds additional living space

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 $35.4k $13.80
− Vacancy −$11.8k −$4.61
EGI $23.6k $9.19
− OpEx −$7.1k −$2.76
NOI $16.5k $6.43
2,564 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$235.5K
$206.1K – $274.8K (±1% cap)
NOI $16,486 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$211.5K
$185.1K – $246.7K (±1% cap)
NOI $14,804 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$560.5K
$490.4K – $653.9K (±1% cap)
NOI $39,235 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Restaurant Nail Salon Auto Parts Store Electrical Service Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Separate two-bedroom apartment plus main home and heated garage provide flexible living arrangements and income potential.
Where is this duplex located?
The property is located at 269 Broezel Avenue Lancaster, NY.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Separate two‑bedroom apartment offers flexible living or rental options alongside the main home; Heated and cooled garage includes loft space above for extra usable room; Finished lower level with a full bath adds additional living space
Contact an agent
More about this property
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