Duplex with Detached
4125 Connection Drive, Clarence, NY 14221
For Sale
$399,000
Two apartments provide separate living areas within a single residential property.
Property Size2,408 SF
Lot Size0.26 Acres
Price / SF$165.70
Days on Market10
Property Features for 4125 Connection Drive
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
hardwood floors
wood-burning fireplace
crown molding
stainless steel appliances
dishwasher
kitchen island
deck
fenced yard
basement
Building Details
Year Built
Buildings
Listing Agency:
HUNT Real Estate ERA
Listed By:
John Pontrello · License #PONTRELJ
(716) 998-4125
Source:
Cnynicheteam
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
Built in 1940, this two-family property in Clarence has 2,408 square feet, five bedrooms, and two full bathrooms across its two apartments. The lower unit has three bedrooms, hardwood flooring, crown molding, a wood-burning fireplace, and a kitchen with stainless steel appliances and a dishwasher. The upper unit includes two bedrooms, an updated bathroom, an open living area, and a kitchen island.
The property sits on a 0.26-acre lot at 4125 Connection Drive in Clarence, within the Clarence Central School District. A detached two-car garage, driveway parking, basement, deck, and fenced yard are also part of the property. Transit Road shopping and dining and expressway access are described as minutes away.
The property sits on a 0.26-acre lot at 4125 Connection Drive in Clarence, within the Clarence Central School District. A detached two-car garage, driveway parking, basement, deck, and fenced yard are also part of the property. Transit Road shopping and dining and expressway access are described as minutes away.
Key Highlights
- 2,408 square feet with five bedrooms and two full bathrooms
- Two‑family property on a 0.26‑acre lot
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,483
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,660
$309.7K
Cap Rate 7%
$221,186
$221.2K
Cap Rate 9%
$172,033
$172.0K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$33.2K $13.80/SF
− Vacancy
−$11.1K −$4.61/SF
EGI
$22.1K $9.19/SF
− OpEx
−$6.6K −$2.76/SF
NOI
$15.5K $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%
$309,660
Cap Rate 7%
$221,186
Cap Rate 9%
$172,033
Alternative Uses
Best Use
Multifamily LT 5
$221.2K
$193.5K – $258.1K
NOI $15,483 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$198.6K
$173.8K – $231.7K
NOI $13,903 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$526.4K
$460.6K – $614.1K
NOI $36,848 @ 7.0% cap · market cap 9.24%
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
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
Market
Average Price Trend$/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 - Two apartments provide separate living areas within a single residential property.
Where is this duplex located?
The property is located at 4125 Connection Drive Clarence, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,408 square feet with five bedrooms and two full bathrooms; Two‑family property on a 0.26‑acre lot; Built in 1940
