Four-Unit First-Floor Apartment
For Sale
$399,000
4181 Legion Dr, Hamburg, NY 14075
Four all-first-floor apartments with shared laundry, off-street parking, and a full basement in a walkable Hamburg setting.
Property Size3,288 SF
Price / SF$121.35
Days on Market144
Property Features for 4181 Legion Dr
General Information
Standard status
Active
Size
3,288 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Listing Agency:
Keller Williams Realty WNY
Listed By:
Thejan Kodituwakku · License #10401342241
(716) 292-8756
Source:
Skinnercnyrealty
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 7 at 2:50PM
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.
4181 Legion Dr is a four-unit residential income property with all apartments located on the first floor. The building’s layout is designed for easy access, with no stairs for day-to-day entry within the units. Units have been maintained over time, and the most recent updates are intended to align with current rental expectations. Residents also benefit from shared laundry facilities, and the property includes a full basement that can serve as storage space or be finished for additional living area.
The property is positioned in a walkable Hamburg community, described as being just seconds from the village’s main corridor. Nearby conveniences include grocery stores, gas stations, pharmacies, dining, boutiques, and public transit, supporting a car-light lifestyle for residents who prefer to get around locally.
For buyers seeking a low-maintenance, straightforward multifamily configuration, this four-unit structure offers independent first-floor living while keeping common operations simple through shared laundry. The combination of an open parking lot and a full basement adds practical utility for both current occupants and future flexibility.
The property is positioned in a walkable Hamburg community, described as being just seconds from the village’s main corridor. Nearby conveniences include grocery stores, gas stations, pharmacies, dining, boutiques, and public transit, supporting a car-light lifestyle for residents who prefer to get around locally.
For buyers seeking a low-maintenance, straightforward multifamily configuration, this four-unit structure offers independent first-floor living while keeping common operations simple through shared laundry. The combination of an open parking lot and a full basement adds practical utility for both current occupants and future flexibility.
Key Highlights
- 4‑unit property with four all‑first‑floor apartments
- Shared laundry facilities on‑site
- Off‑street parking with a large open parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,141
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,820
$422.8K
Cap Rate 7%
$302,014
$302.0K
Cap Rate 9%
$234,900
$234.9K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$45.4K $13.80/SF
− Vacancy
−$15.2K −$4.61/SF
EGI
$30.2K $9.19/SF
− OpEx
−$9.1K −$2.76/SF
NOI
$21.1K $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%
$422,820
Cap Rate 7%
$302,014
Cap Rate 9%
$234,900
Alternative Uses
Best Use
Multifamily LT 5
$302.0K
$264.3K – $352.4K
NOI $21,141 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$271.2K
$237.3K – $316.4K
NOI $18,984 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$718.8K
$628.9K – $838.6K
NOI $50,314 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
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Business Placement
Demographics for 14075, NY
44,053
Population
20,164
Households
2.2
Avg Household Size
46
Median Age
38%
College-Educated
96%
High-School Grad
39.4 sq mi
ZIP Area
1,118
Density / Sq Mi
$82,083
Median Household Income
$50,934
Median Earnings
$1,129
Median Rent
$246,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four all-first-floor apartments with shared laundry, off-street parking, and a full basement in a walkable Hamburg setting.
Where is this quadplex located?
The property is located at 4181 Legion Dr Hamburg, 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: 4‑unit property with four all‑first‑floor apartments; Shared laundry facilities on‑site; Off‑street parking with a large open parking lot
