2-Unit Duplex with
46 Alexander Avenue, Cheektowaga, NY 14211
For Sale
New
$249,900
Separate utilities and central air serve both apartments, with a covered porch at each unit.
Property Size2,244 SF
Days on Market5
Property Features for 46 Alexander Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Emmanuel Williams · License NY #10301217766
(716) 430-2091
Source:
Highfallssir
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:40PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
Built in 1927, this duplex contains two apartments, each with two bedrooms and two bathrooms. Hardwood floors and natural woodwork extend through the interiors, which include living rooms, formal dining rooms, and eat-in kitchens. Both units have central air conditioning and separate utilities. One apartment has a covered front porch; the other includes a porch and access to a partially finished attic. A full basement, 2-car garage, blacktop driveway, and partially fenced backyard complete the property.
The driveway was resurfaced in 2025. The property is near major expressways, shopping, dining, public transportation, and everyday amenities. Both apartments are occupied, with month-to-month tenancies.
The driveway was resurfaced in 2025. The property is near major expressways, shopping, dining, public transportation, and everyday amenities. Both apartments are occupied, with month-to-month tenancies.
Key Highlights
- Two apartments, each with 2 bedrooms and 2 bathrooms
- Separate utilities and central air conditioning in both units
- 2‑car garage and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,428
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,560
$288.6K
Cap Rate 7%
$206,114
$206.1K
Cap Rate 9%
$160,311
$160.3K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$31.0K $13.80/SF
− Vacancy
−$10.4K −$4.61/SF
EGI
$20.6K $9.19/SF
− OpEx
−$6.2K −$2.76/SF
NOI
$14.4K $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%
$288,560
Cap Rate 7%
$206,114
Cap Rate 9%
$160,311
Alternative Uses
Best Use
Multifamily LT 5
$206.1K
$180.4K – $240.5K
NOI $14,428 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$185.1K
$162.0K – $215.9K
NOI $12,956 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$490.6K
$429.2K – $572.3K
NOI $34,339 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
Median Home Value
Market
Average Price Trend$/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 - Separate utilities and central air serve both apartments, with a covered porch at each unit.
Where is this duplex located?
The property is located at 46 Alexander Avenue Cheektowaga, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 2 bathrooms; Separate utilities and central air conditioning in both units; 2‑car garage and full basement
