Two-Unit Cape Cod
For Sale
$249,900
Pending
62 Maple Avenue, Hamburg, NY 14219
Two-bedroom units feature hardwood floors and individual storage within a full basement.
Property Size1,884 SF
Days on Market81
Property Features for 62 Maple Avenue
General Information
Standard status
Pending
Size
1,884 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,580
Building Details
Building Size
1,884 SF
Year Built
1950
Buildings
1
Construction
Cape Cod
Listing Agency:
eXp Realty
Listed By:
James Wangelin · License #10301224073
(716) 903-3198
Source:
Highfallssir
Added: Aug 12
Changed: Oct 25
Last Checked: Oct 30 at 8:21PM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit Cape Cod duplex at 62 Maple Ave includes two separate residences, each with two bedrooms and one full bathroom. Both apartments feature hardwood flooring and their own storage area in the full basement. The building combines a yellow-brick and vinyl-sided exterior with a wide concrete driveway, a detached brick garage, and additional off-street parking.
Separate heating systems and individual gas and electric meters support independent utility management for each unit. The basement also provides space for a workshop or utility equipment. Built in 1950, the property is positioned on a quiet street in Hamburg, with major highways, shopping centers, restaurants, and everyday services described as minutes away. A bike score of 35 and walk score of 18 indicate a somewhat bikeable, car-dependent setting.
Separate heating systems and individual gas and electric meters support independent utility management for each unit. The basement also provides space for a workshop or utility equipment. Built in 1950, the property is positioned on a quiet street in Hamburg, with major highways, shopping centers, restaurants, and everyday services described as minutes away. A bike score of 35 and walk score of 18 indicate a somewhat bikeable, car-dependent setting.
Key Highlights
- Two‑unit duplex with two bedrooms and one full bathroom in each apartment
- Yellow‑brick and vinyl siding exterior with wide concrete driveway
- Full basement provides separate storage areas plus workshop or utility space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,114
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,280
$242.3K
Cap Rate 7%
$173,057
$173.1K
Cap Rate 9%
$134,600
$134.6K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$26.0K $13.80/SF
− Vacancy
−$8.7K −$4.61/SF
EGI
$17.3K $9.19/SF
− OpEx
−$5.2K −$2.76/SF
NOI
$12.1K $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%
$242,280
Cap Rate 7%
$173,057
Cap Rate 9%
$134,600
Alternative Uses
Best Use
Multifamily LT 5
$173.1K
$151.4K – $201.9K
NOI $12,114 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$155.4K
$136.0K – $181.3K
NOI $10,878 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,830 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature hardwood floors and individual storage within a full basement.
Where is this duplex located?
The property is located at 62 Maple Avenue Hamburg, 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‑unit duplex with two bedrooms and one full bathroom in each apartment; Yellow‑brick and vinyl siding exterior with wide concrete driveway; Full basement provides separate storage areas plus workshop or utility space
