Side-by-Side Duplex with
54 Virginia Road, Cheektowaga, NY 14225
For Sale
$265,000
Each residence has its own gas and electric meters and a dedicated forced-air furnace.
Property Size1,674 SF
Days on Market17
Property Features for 54 Virginia Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Towne Housing Real Estate
Listed By:
Moktader Billah · License #10401392710
(716) 903-6826
Source:
Highfallssir
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 4:19PM
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 Towne Housing Real Estate
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Investment Insights
Based on property information with market context.
Built in 1942, this side-by-side duplex contains two residences, each with two bedrooms, one full bath, a kitchen, and a combined living and dining area. The units have separate gas and electric meters and individual gas forced-air furnaces. A full basement and a two-car garage are also part of the property.
The property is within the Maryvale School District and is described as convenient to shopping, the airport, and major highways.
The property is within the Maryvale School District and is described as convenient to shopping, the airport, and major highways.
Key Highlights
- Two side‑by‑side residences, each with 2 bedrooms and 1 full bath
- Separate gas and electric meters for each unit
- Individual gas forced‑air furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,763
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,260
$215.3K
Cap Rate 7%
$153,757
$153.8K
Cap Rate 9%
$119,589
$119.6K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$23.1K $13.80/SF
− Vacancy
−$7.7K −$4.61/SF
EGI
$15.4K $9.19/SF
− OpEx
−$4.6K −$2.76/SF
NOI
$10.8K $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%
$215,260
Cap Rate 7%
$153,757
Cap Rate 9%
$119,589
Alternative Uses
Best Use
Multifamily LT 5
$153.8K
$134.5K – $179.4K
NOI $10,763 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$138.1K
$120.8K – $161.1K
NOI $9,665 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$365.9K
$320.2K – $426.9K
NOI $25,616 @ 7.0% cap · market cap 9.67%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Market
Average Price Trend$/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 - Each residence has its own gas and electric meters and a dedicated forced-air furnace.
Where is this duplex located?
The property is located at 54 Virginia Road Cheektowaga, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 2 bedrooms and 1 full bath; Separate gas and electric meters for each unit; Individual gas forced‑air furnaces
