Updated Duplex with Private
For Sale
$199,000
47 Maple Street, Lackawanna, NY 14218
Two separate units offer individual utilities and basement laundry hookups, with a private backyard and front porch.
Property Size1,932 SF
Days on Market103
Property Features for 47 Maple Street
General Information
Standard status
Active
Size
1,932 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,422
Building Details
Building Size
1,932 SF
Year Built
1922
Listing Agency:
MJ Peterson Real Estate Inc.
Listed By:
Lisa Simme · License #10401293657
(716) 912-8401
Source:
Highfallssir
Added: Jun 25
Changed: Sep 23
Last Checked: Oct 4 at 4:54PM
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 MJ Peterson Real Estate Inc.
Investment Insights
Based on property information with market context.
Built in 1922, this duplex contains upper and lower residences with matching layouts: each offers 3 bedrooms, 1 bath, a kitchen, living room, and formal dining space. Separate washer and dryer hookups are provided for each unit in the basement, and the residences have separate utilities. The upper unit has been recently updated, while the roof is three years old. A front porch and private backyard add usable outdoor space.
The property is directly across from Avery playground, which includes a basketball court and baseball field. Botanical Gardens, restaurants, and shops are within walking distance, providing access to nearby recreational, dining, and retail destinations.
The property is directly across from Avery playground, which includes a basketball court and baseball field. Botanical Gardens, restaurants, and shops are within walking distance, providing access to nearby recreational, dining, and retail destinations.
Key Highlights
- Duplex with upper and lower units, each offering 3 bedrooms and 1 bath
- Separate utilities for each unit
- Basement includes separate washer and dryer hookups for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,657
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,140
$353.1K
Cap Rate 7%
$252,243
$252.2K
Cap Rate 9%
$196,189
$196.2K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$33.6K $17.40/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$32.1K $16.62/SF
− OpEx
−$14.4K −$7.48/SF
NOI
$17.7K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,140
Cap Rate 7%
$252,243
Cap Rate 9%
$196,189
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.6K – $319.5K
NOI $19,170 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$252.2K
$220.7K – $294.3K
NOI $17,657 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$464.6K
$406.5K – $542.1K
NOI $32,523 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer individual utilities and basement laundry hookups, with a private backyard and front porch.
Where is this duplex located?
The property is located at 47 Maple Street Lackawanna, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex with upper and lower units, each offering 3 bedrooms and 1 bath; Separate utilities for each unit; Basement includes separate washer and dryer hookups for each residence
