37 Nelson Pl, Lackawanna, NY 14218
Well-maintained duplex with a covered front porch, private driveway, and detached garage, offering a 2-bedroom and 1-bedroom unit layout.
- Added:
- Jul 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 9 at 2:45 am
Property Features for 37 Nelson Pl
General Information
- Standard status
- Active
- Size
- 1,419 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1927
Listing office (716) 807-6401
Listing date Jul 8, 2026
Source Elliman
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 Sean Mattrey
HighLights
- 1927‑built, well‑maintained 2‑unit duplex with 1,419 sq. ft. total living space
- Unit mix features a 2‑bedroom lower apartment and a 1‑bedroom upper apartment
- Kitchens include ample cabinet space; bathrooms have been refreshed
- Updated flooring and neutral décor in both units with functional layouts
- Covered front porch plus private driveway for off‑street parking
- Detached garage provides additional storage
Overview
The property is located near shopping, restaurants, parks, schools, and major roadways, with walk, bike, and transit scores of 65, 56, and 31, respectively.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.3k | $15.00 |
| − Vacancy | −$1.2k | −$0.83 |
| EGI | $20.1k | $14.17 |
| − OpEx | −$6.0k | −$4.25 |
| NOI | $14.1k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lackawanna
- County
- Erie
- State
- New York
- Longitude
- -78.8307372
- Latitude
- 42.8239546
