Duplex with Basement
320 Bennett Road, Cheektowaga, NY 14227
For Sale
New
$314,999
A finished lower-level guest space adds a full bathroom and a third living area to the two-unit property.
Property Size1,890 SF
Days on Market4
Property Features for 320 Bennett Road
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty WNY
Listed By:
Rachel Corcoran · License NY #10301225058
(716) 462-9233
Source:
Highfallssir
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:33PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
Built in 1938, this duplex includes two residential units and a finished basement guest suite with a full bathroom and large window. The lower unit has three bedrooms, an open living and dining area, a kitchen with a breakfast bar and appliances, and a three-season sunroom. The upper unit features a living room, formal dining room, and a primary bedroom with a walk-in closet.
The basement has two separate laundry hookups, a tankless water heater installed in 2020, and a backup hot water tank. A water-backed sump pump and a storage shed installed in 2016 are also included. The 30-foot-wide driveway combines concrete and blacktop, and the property is next to a lot belonging to Reinstein Nature Preserve.
The basement has two separate laundry hookups, a tankless water heater installed in 2020, and a backup hot water tank. A water-backed sump pump and a storage shed installed in 2016 are also included. The 30-foot-wide driveway combines concrete and blacktop, and the property is next to a lot belonging to Reinstein Nature Preserve.
Key Highlights
- Two‑unit duplex with a basement guest suite and full bathroom
- Lower unit includes three bedrooms and an open living and dining area
- Upper unit has a formal dining room and a primary bedroom with walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,152
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,040
$243.0K
Cap Rate 7%
$173,600
$173.6K
Cap Rate 9%
$135,022
$135.0K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$26.1K $13.80/SF
− Vacancy
−$8.7K −$4.61/SF
EGI
$17.4K $9.19/SF
− OpEx
−$5.2K −$2.76/SF
NOI
$12.2K $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 Rate 5%
$243,040
Cap Rate 7%
$173,600
Cap Rate 9%
$135,022
Alternative Uses
Best Use
Multifamily LT 5
$173.6K
$151.9K – $202.5K
NOI $12,152 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$155.9K
$136.4K – $181.9K
NOI $10,912 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$413.2K
$361.5K – $482.0K
NOI $28,922 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 14227, NY
23,130
Population
10,476
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
2,821
Density / Sq Mi
$67,349
Median Household Income
$46,627
Median Earnings
$1,084
Median Rent
$190,400
Median Home Value
Market
Average Price Trend$/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 - A finished lower-level guest space adds a full bathroom and a third living area to the two-unit property.
Where is this duplex located?
The property is located at 320 Bennett Road Cheektowaga, NY.
What is the asking price?
The asking price for this property is $314,999.
What are key features of this property?
This property features: Two‑unit duplex with a basement guest suite and full bathroom; Lower unit includes three bedrooms and an open living and dining area; Upper unit has a formal dining room and a primary bedroom with walk‑in closet
