Duplex Property With Two
For Sale
$299,900
6415 Omphalius Road, Colden, NY 14033
Two homes with separate utilities, garages, driveways, and workspace sit within a private wooded setting.
Property Size2,100 SF
Days on Market11
Property Features for 6415 Omphalius Road
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$6,842
Building Details
Building Size
2,100 SF
Year Built
1940
Stories
1
Units
2
Listing Agency:
WNY Metro Roberts Realty
(716) 998-5012
Listed By:
Jessica Janca · License #10401312470
(716) 998-5012
Source:
Homeprocny
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 22 at 5:34AM
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
Investment Insights
Based on property information with market context.
This duplex property includes two separate houses on 12.4 wooded acres, with each residence served by its own utilities, driveway, garage, and fire pit. The homes have received multiple updates, including newer windows, refreshed bathrooms, newer flooring, fresh paint, boilers, a hot water tank, and included appliances. Additional shop and workspace areas provide room for projects, equipment, hobbies, or storage.
The property is located at 6415 Omphalius Road in Colden, New York, within the Boston and Hamburg school districts. Chestnut Ridge Park, shopping, restaurants, schools, and major routes are described as minutes away. Built in 1940, the property combines two residences with substantial wooded acreage and separate site improvements.
The property is located at 6415 Omphalius Road in Colden, New York, within the Boston and Hamburg school districts. Chestnut Ridge Park, shopping, restaurants, schools, and major routes are described as minutes away. Built in 1940, the property combines two residences with substantial wooded acreage and separate site improvements.
Key Highlights
- Two separate houses situated on 12.4 wooded acres
- Each residence has separate utilities, a driveway, garage, and fire pit
- Updates include newer windows, bathrooms, flooring, paint, boilers, and a hot water tank
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,502
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$270,040
$270.0K
Cap Rate 7%
$192,886
$192.9K
Cap Rate 9%
$150,022
$150.0K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$29.0K $13.80/SF
− Vacancy
−$9.7K −$4.61/SF
EGI
$19.3K $9.19/SF
− OpEx
−$5.8K −$2.76/SF
NOI
$13.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$270,040
Cap Rate 7%
$192,886
Cap Rate 9%
$150,022
Alternative Uses
Best Use
Multifamily LT 5
$192.9K
$168.8K – $225.0K
NOI $13,502 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$173.2K
$151.6K – $202.1K
NOI $12,125 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$459.1K
$401.7K – $535.6K
NOI $32,135 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 14033, NY
2,173
Population
727
Households
3
Avg Household Size
52
Median Age
42%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
125
Density / Sq Mi
$84,167
Median Household Income
$45,852
Median Earnings
$1,077
Median Rent
$293,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two homes with separate utilities, garages, driveways, and workspace sit within a private wooded setting.
Where is this duplex located?
The property is located at 6415 Omphalius Road Colden, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two separate houses situated on 12.4 wooded acres; Each residence has separate utilities, a driveway, garage, and fire pit; Updates include newer windows, bathrooms, flooring, paint, boilers, and a hot water tank
