Duplex with Full
341 Sundridge Drive, Amherst, NY 14228
For Sale
$335,000
Both apartments offer three bedrooms and one bathroom, with a spacious eat-in kitchen in the upper residence.
Property Size2,308 SF
Price / SF$145.15
Days on Market28
Property Features for 341 Sundridge Drive
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Rondinelli Real Estate
Listed By:
Vincent J Rondinelli · License #10311207380
(716) 681-1926
Source:
Prestigefamilyrealty
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 7 at 8:25AM
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 Rondinelli Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1971, this duplex contains two apartments, each arranged with three bedrooms and one bathroom. The property includes a full basement, a broad driveway, and yard space. The upper apartment has LVT flooring and a generously sized eat-in kitchen; flooring and wall improvements have also been made in the hallway.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- Full basement
- Upper apartment features LVT flooring and a large eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,319
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,380
$606.4K
Cap Rate 7%
$433,129
$433.1K
Cap Rate 9%
$336,878
$336.9K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$45.7K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$43.3K $18.77/SF
− OpEx
−$13.0K −$5.63/SF
NOI
$30.3K $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%
$606,380
Cap Rate 7%
$433,129
Cap Rate 9%
$336,878
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$379.0K – $505.3K
NOI $30,319 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$398.9K
$349.1K – $465.4K
NOI $27,926 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$594.8K
$520.5K – $693.9K
NOI $41,636 @ 7.0% cap · market cap 12.43%
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
205
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 - Both apartments offer three bedrooms and one bathroom, with a spacious eat-in kitchen in the upper residence.
Where is this duplex located?
The property is located at 341 Sundridge Drive Amherst, NY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; Full basement; Upper apartment features LVT flooring and a large eat‑in kitchen
