Duplex Property with In-Law
For Sale
$239,900
Pending
3618 Crittenden Road, Alden, NY 14004
Residential, Alden, NY
Property Size2,646 SF
Lot Size0.33 Acres
Days on Market49
Property Features for 3618 Crittenden Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Parking features
Driveway
Patio and Porch features
Deck
Exterior features
Deck, FullyFenced
Fencing
Fenced
Appliances
TanklessWaterHeater
Subdivision
Holland Land Company's Su
Lot features
Rectangular, Rectangular Lot
Elementary school district
Alden
Middle school district
Alden
High school district
Alden
Standard status
Pending
APN
142089-086-040-0002-006-000
Size
2,646 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
4589
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Natural Gas
Water source
Well
Amenities
fully fenced backyard
full basement
tankless water heater
handicap accessible
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet, Varies, Vinyl
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Dominic Tomasello · License #10401336918
(716) 228-0499
Added: Jul 15
Changed: Aug 26
Last Checked: Sep 1 at 2:06PM
MLS# B1699039
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 2,646-square-foot duplex property, built in 1910, includes a three-bedroom main level with a living room, formal dining room, kitchen, and full bath. The main floor is handicap accessible. A separate upper-level one-bedroom suite adds a second kitchen and living area along with a full bath, creating flexible space for extended household use or an apartment arrangement. The home also includes a full basement and tankless water heater.
Set on 0.33 acres at 3618 Crittenden Road in Alden, the property has a fully fenced yard and deck. A new full tear-off asphalt roof was installed in September 2025. Additional systems and site features include vinyl siding, a natural gas baseboard heating system, private well water, septic service, and a driveway.
Set on 0.33 acres at 3618 Crittenden Road in Alden, the property has a fully fenced yard and deck. A new full tear-off asphalt roof was installed in September 2025. Additional systems and site features include vinyl siding, a natural gas baseboard heating system, private well water, septic service, and a driveway.
Key Highlights
- 2,646‑square‑foot duplex property on 0.33 acres
- Main level includes 3 bedrooms and is handicap accessible
- Separate upper‑level 1‑bedroom suite with kitchen, living room, and full bath
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
$17,013
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
7.09%
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%
$340,260
$340.3K
Cap Rate 7%
$243,043
$243.0K
Cap Rate 9%
$189,033
$189.0K
Market Conditions
NOI Build-Up for 2,646 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
$36.5K $13.80/SF
− Vacancy
−$12.2K −$4.61/SF
EGI
$24.3K $9.19/SF
− OpEx
−$7.3K −$2.76/SF
NOI
$17.0K $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%
$340,260
Cap Rate 7%
$243,043
Cap Rate 9%
$189,033
Alternative Uses
Best Use
Multifamily LT 5
$243.0K
$212.7K – $283.6K
NOI $17,013 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$218.2K
$191.0K – $254.6K
NOI $15,277 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$578.4K
$506.1K – $674.8K
NOI $40,490 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
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-level layout combines an accessible primary residence with separate upper-level living space and a fenced outdoor area.
Where is this duplex located?
The property is located at 3618 Crittenden Road Alden, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,646‑square‑foot duplex property on 0.33 acres; Main level includes 3 bedrooms and is handicap accessible; Separate upper‑level 1‑bedroom suite with kitchen, living room, and full bath
