Side-by-Side
318 Sundridge Drive, Amherst, NY 14228
For Sale
$399,999
Each residence has three bedrooms, one-and-a-half bathrooms, and separate utility service.
Property Size2,579 SF
Days on Market19
Property Features for 318 Sundridge Drive
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Red Door Real Estate WNY LLC
Listed By:
Johir Hussain · License #10401354622
(716) 255-1702
Source:
Highfallssir
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 2:12PM
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 Red Door Real Estate WNY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains two side-by-side residences, each with three bedrooms and one-and-a-half bathrooms. Both units are vacant, and the property includes a full basement and separate utilities.
The property is located in Amherst, with shopping, restaurants, parks, schools, and major highways nearby.
The property is located in Amherst, with shopping, restaurants, parks, schools, and major highways nearby.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms
- Both residences are vacant
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,879
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,580
$677.6K
Cap Rate 7%
$483,986
$484.0K
Cap Rate 9%
$376,433
$376.4K
Market Conditions
NOI Build-Up for 2,579 SF
Gross rent
$51.1K $19.80/SF
− Vacancy
−$2.7K −$1.03/SF
EGI
$48.4K $18.77/SF
− OpEx
−$14.5K −$5.63/SF
NOI
$33.9K $13.14/SF
Area
Amherst, NY
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,580
Cap Rate 7%
$483,986
Cap Rate 9%
$376,433
Alternative Uses
Best Use
Multifamily LT 5
$484.0K
$423.5K – $564.7K
NOI $33,879 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$445.8K
$390.1K – $520.1K
NOI $31,205 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$664.6K
$581.6K – $775.4K
NOI $46,525 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 14228, NY
23,945
Population
10,601
Households
2.3
Avg Household Size
32
Median Age
49%
College-Educated
92%
High-School Grad
15.9 sq mi
ZIP Area
1,506
Density / Sq Mi
$72,426
Median Household Income
$40,958
Median Earnings
$1,264
Median Rent
$246,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Erie County, NY
Properties on Market for Duplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one-and-a-half bathrooms, and separate utility service.
Where is this duplex located?
The property is located at 318 Sundridge Drive Amherst, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms; Both residences are vacant; Full basement
