Side-by-Side Duplex
62 Patricia Lane Cheektowaga, NY 14227
For Sale
$235,000
Pending
MULTI_FAMILY - Other - Cheektowaga, NY
Property Size1,716 SF
Lot Size0.12 Acres
Days on Market48
Property Features for 62 Patricia Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Basement, Bedroom 3, Bedroom 4
- Parking features
- Garage
- Exterior features
- FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 143089-113-480-0008-004-000
- Size
- 1,716 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6698
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Tile, Carpet
- Building materials
- CompositeSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 819-4200
Listed By:
Cassandra Whitney · License #10301221238
(716) 536-2101
Added: Jun 8
Changed: Jul 18
Last Checked: Jul 25 at 9:06PM
MLS# B1687831
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
62 Patricia Lane is a spacious side-by-side duplex in Cheektowaga with two separate units. Each unit offers a first-floor living, dining, and kitchen area, with two bedrooms and a full bathroom on the upper level. Both units include private basements that can support laundry and additional storage or expanded living space. Recent improvements include new carpeting over hardwood flooring, tile flooring, refreshed kitchens, hot water tanks replaced on both sides, and the right side receiving a new furnace and central air. Outside, the property has a large fully fenced yard and a 2.5-car garage.
The property is located in Cheektowaga, NY 14227, offering a straightforward residential income configuration in a single duplex structure. It is currently tenant occupied on month-to-month leases.
This duplex can fit both owner-occupants and investors looking for a manageable two-unit setup with clear separation between units, plus dedicated basement space for practical day-to-day needs. The combination of interior updates and the fenced outdoor area and attached garage supports long-term livability for tenants while providing functional space for an owner to maintain and potentially personalize.
The property is located in Cheektowaga, NY 14227, offering a straightforward residential income configuration in a single duplex structure. It is currently tenant occupied on month-to-month leases.
This duplex can fit both owner-occupants and investors looking for a manageable two-unit setup with clear separation between units, plus dedicated basement space for practical day-to-day needs. The combination of interior updates and the fenced outdoor area and attached garage supports long-term livability for tenants while providing functional space for an owner to maintain and potentially personalize.
Key Highlights
- Side‑by‑side duplex in Cheektowaga with just over 1,700 sq ft and two full bedrooms and bath on each unit’s upper level
- Each unit includes a private basement for laundry and extra storage or expanded living space
- Recent updates: new carpeting (hardwood underneath) and tile flooring, refreshed kitchens, and hot water tanks replaced on both sides
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.7k | $13.80 |
| − Vacancy | −$7.9k | −$4.61 |
| EGI | $15.8k | $9.19 |
| − OpEx | −$4.7k | −$2.76 |
| NOI | $11.0k | $6.43 |
1,716 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$157.6K
$137.9K – $183.9K
NOI $11,033 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$141.5K
$123.9K – $165.1K
NOI $9,908 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$375.1K
$328.2K – $437.7K
NOI $26,259 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Two side-by-side units with private basements, fenced yard, and garage in Cheektowaga, NY—tenant occupied month-to-month.
Where is this duplex located?
The property is located at 62 Patricia Lane Cheektowaga, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Side‑by‑side duplex in Cheektowaga with just over 1,700 sq ft and two full bedrooms and bath on each unit’s upper level; Each unit includes a private basement for laundry and extra storage or expanded living space; Recent updates: new carpeting (hardwood underneath) and tile flooring, refreshed kitchens, and hot water tanks replaced on both sides
