Updated Duplex with
New
For Sale
$264,900
31 Wellington Road, Cheektowaga, NY 14225
Residential, Cheektowaga, NY
Property Size1,592 SF
Lot Size0.11 Acres
Price / SF$166.39
Days on Market2
Property Features for 31 Wellington Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Patio
Exterior features
Patio
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Maryvale
Middle school district
Maryvale
High school district
Maryvale
Directions
Union Rd to George Urban to Wellington
Subdivision
Cheektowaga-143089
Standard status
Active
APN
143089-102-080-0003-009-000
Size
1,592 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6712
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Laminate, Varies
Building materials
VinylSiding
Architectural style
Other
Listing Agency:
Mootry Murphy & Burgin Realty Group LLC
(716) 534-8495
Listed By:
Marilyn E Robinson · License #10401317283
(716) 908-0695
Added: Sep 19
Last Checked: Sep 20 at 7:06PM
MLS# B1715370
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 1,592-square-foot duplex, built in 1960, includes two residential units with separate interior updates. The upper apartment has a remodeled kitchen with butcher block counters, new tile, a refreshed bathroom with a glass shower enclosure, and restored hardwood bedroom flooring. The lower apartment features new LVP flooring, fresh paint, a renovated bathroom, updated lighting, and a ceiling fan. Both units have new breaker boxes and exterior doors. A replacement living room carpet roll is stored in the basement.
The property occupies 0.11 acres and includes a patio, vinyl siding, central air, forced-air natural gas heat, public water, mature landscaping, a spacious yard, and driveway parking. Its Cheektowaga setting provides access to nearby shopping, schools, restaurants, and major highways. The two-unit layout supports either owner occupancy or continued use as a residential income property.
The property occupies 0.11 acres and includes a patio, vinyl siding, central air, forced-air natural gas heat, public water, mature landscaping, a spacious yard, and driveway parking. Its Cheektowaga setting provides access to nearby shopping, schools, restaurants, and major highways. The two-unit layout supports either owner occupancy or continued use as a residential income property.
Key Highlights
- Two‑unit duplex with 1,592 square feet of property area
- Upper unit includes remodeled kitchen, updated bathroom, and restored hardwood bedroom floors
- Lower unit has new LVP flooring, fresh paint, updated bathroom, lighting, and ceiling fan
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
$10,236
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
3.86%
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%
$204,720
$204.7K
Cap Rate 7%
$146,229
$146.2K
Cap Rate 9%
$113,733
$113.7K
Market Conditions
NOI Build-Up for 1,592 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
$22.0K $13.80/SF
− Vacancy
−$7.3K −$4.61/SF
EGI
$14.6K $9.19/SF
− OpEx
−$4.4K −$2.76/SF
NOI
$10.2K $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%
$204,720
Cap Rate 7%
$146,229
Cap Rate 9%
$113,733
Alternative Uses
Best Use
Multifamily LT 5
$146.2K
$128.0K – $170.6K
NOI $10,236 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$131.3K
$114.9K – $153.2K
NOI $9,192 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$348.0K
$304.5K – $406.0K
NOI $24,361 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with renovated interiors, driveway parking, mature landscaping, and convenient access to shopping, schools, restaurants, and highways.
Where is this duplex located?
The property is located at 31 Wellington Road Cheektowaga, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,592 square feet of property area; Upper unit includes remodeled kitchen, updated bathroom, and restored hardwood bedroom floors; Lower unit has new LVP flooring, fresh paint, updated bathroom, lighting, and ceiling fan
