Three-Unit Apartment
60 Gualbert Avenue, Cheektowaga, NY 14211
For Sale
$239,900
A vacant first-floor apartment offers two bedrooms, while two additional units provide established rental occupancy.
Property Size3,592 SF
Price / SF$66.79
Days on Market9
Property Features for 60 Gualbert Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
sun porch
private balcony
covered front porch
private backyard
large storage shed
Building Details
Building Size
Year Built
Buildings
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Sonya L Jindra · License #10301223077
(716) 308-4474
Source:
Highfallssir
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 3:06PM
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.
This 1927 triplex contains 3,592 square feet across three apartments. The first-floor unit is vacant and has two bedrooms, a sun porch, living and dining rooms, an eat-in kitchen, and a full bathroom. A second two-bedroom apartment upstairs follows a similar layout and includes a private balcony. The rear apartment has one bedroom, a living room, kitchen, and full bath. Original woodwork and hardwood floors remain in the larger units. The property also has a full attic, basement with separate laundry hookups, covered front porch, backyard, and storage shed. The roof was replaced in 2017, and the hot water tank is approximately five years old.
The property is on Gualbert Avenue in Cheektowaga, within the Cheektowaga School District and a short walk from Villa Maria College. Shopping, restaurants, parks, public transportation, and thruway access are described as minutes away; downtown Buffalo is also within commuting reach.
The property is on Gualbert Avenue in Cheektowaga, within the Cheektowaga School District and a short walk from Villa Maria College. Shopping, restaurants, parks, public transportation, and thruway access are described as minutes away; downtown Buffalo is also within commuting reach.
Key Highlights
- Three apartments totaling 3,592 square feet
- Vacant first‑floor unit with two bedrooms and a sun porch
- Two‑bedroom upper apartment includes a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,739
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,780
$414.8K
Cap Rate 7%
$296,271
$296.3K
Cap Rate 9%
$230,433
$230.4K
Market Conditions
NOI Build-Up for 3,592 SF
Gross rent
$58.2K $16.20/SF
− Vacancy
−$20.5K −$5.70/SF
EGI
$37.7K $10.50/SF
− OpEx
−$17.0K −$4.72/SF
NOI
$20.7K $5.77/SF
Area
Erie County, NY
Vacancy
35.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,780
Cap Rate 7%
$296,271
Cap Rate 9%
$230,433
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.7K – $384.9K
NOI $23,095 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$296.3K
$259.2K – $345.7K
NOI $20,739 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$785.2K
$687.1K – $916.1K
NOI $54,966 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
538
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 Triplexes in Erie County, NY
Properties on Market for Triplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant first-floor apartment offers two bedrooms, while two additional units provide established rental occupancy.
Where is this triplex located?
The property is located at 60 Gualbert Avenue Cheektowaga, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Three apartments totaling 3,592 square feet; Vacant first‑floor unit with two bedrooms and a sun porch; Two‑bedroom upper apartment includes a private balcony
