Two-Unit Home with Four-Car
For Sale
$177,900
293 Halstead Ave, Cheektowaga, NY 14212
Two-unit property featuring modern kitchens, first-floor laundry, and a garage.
Property Size1,980 SF
Lot Size0.17 Acres
Days on Market269
Property Features for 293 Halstead Ave
General Information
Standard status
Active
Size
1,980 SF
Lot size
0.17 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,828
Building Details
Building Size
1,980 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
(716) 432-0331
Listed By:
Annabelle A Aquilina
(716) 432-0331
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 9
Last Checked: Aug 22 at 11:02AM
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 Annabelle A Aquilina
Investment Insights
Based on property information with market context.
This two-unit residential property features two bedrooms and two bathrooms in each unit. Situated on a double lot, the property includes a four-car garage and a shed. Each unit offers modern eat-in kitchens, first-floor laundry facilities, central air conditioning, and spacious living rooms. Many appliances are included with the property. Both the front and rear units span two floors. Ring doorbells are installed on each unit. The property is suitable for investment or owner-occupancy and could serve as an in-law setup.
Key Highlights
- Two separate units, each with 2 bedrooms and 2 bathrooms, ideal for investment or owner‑occupancy.
- Double lot with a 4‑car garage and shed, providing ample parking and storage.
- Each unit features modern eat‑in kitchens, central air conditioning, and first‑floor laundry for convenience.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,731
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,620
$254.6K
Cap Rate 7%
$181,871
$181.9K
Cap Rate 9%
$141,456
$141.5K
Market Conditions
NOI Build-Up for 1,980 SF
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.
Gross rent
$27.3K $13.80/SF
− Vacancy
−$9.1K −$4.61/SF
EGI
$18.2K $9.19/SF
− OpEx
−$5.5K −$2.76/SF
NOI
$12.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,620
Cap Rate 7%
$181,871
Cap Rate 9%
$141,456
Alternative Uses
Best Use
Multifamily LT 5
$181.9K
$159.1K – $212.2K
NOI $12,731 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$163.3K
$142.9K – $190.5K
NOI $11,432 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$432.8K
$378.7K – $505.0K
NOI $30,299 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 14212, NY
13,533
Population
5,935
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
2.1 sq mi
ZIP Area
6,444
Density / Sq Mi
$35,517
Median Household Income
$26,545
Median Earnings
$829
Median Rent
$89,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property featuring modern kitchens, first-floor laundry, and a garage.
Where is this duplex located?
The property is located at 293 Halstead Ave Cheektowaga, NY.
What is the asking price?
The asking price for this property is $177,900.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 2 bathrooms, ideal for investment or owner‑occupancy.; Double lot with a **4‑car garage and shed**, providing ample parking and storage.; Each unit features **modern eat‑in kitchens**, central air conditioning, and first‑floor laundry for convenience.
