Remodeled Duplex with
6694 Prescott Dr, Derby, NY 14047
For Sale
New
$389,900
The property pairs a renovated main residence with a separate one-bedroom apartment, each with its own kitchen.
Property Size2,248 SF
Days on Market7
Property Features for 6694 Prescott Dr
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Kevin G Cullen · License NY 40CU0800264
(716) 983-0682
Source:
Elliman
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 4 at 9:21AM
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 Howard Hanna WNY Inc.
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 duplex combines a remodeled main house with a separate one-bedroom, one-bath apartment. The main residence has a kitchen with an island, a large living room opening to the rear patio, two full bathrooms, first-floor laundry, a mudroom, and an attached garage. Its upper level contains three bedrooms, with an additional first-floor room described as a bedroom or family room.
The apartment has a living room, bedroom with a double closet, and an equipped kitchen that opens onto a deck overlooking the yard. The property is near Lake Erie access, expressways, a stadium, and local amenities.
The apartment has a living room, bedroom with a double closet, and an equipped kitchen that opens onto a deck overlooking the yard. The property is near Lake Erie access, expressways, a stadium, and local amenities.
Key Highlights
- Separate one‑bedroom, one‑bath apartment with its own kitchen and deck
- Main house includes three upper‑level bedrooms and a first‑floor room identified as a bedroom or family room
- Two full bathrooms and first‑floor laundry in the main house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,454
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,080
$289.1K
Cap Rate 7%
$206,486
$206.5K
Cap Rate 9%
$160,600
$160.6K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$31.0K $13.80/SF
− Vacancy
−$10.4K −$4.61/SF
EGI
$20.6K $9.19/SF
− OpEx
−$6.2K −$2.76/SF
NOI
$14.5K $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 Rate 5%
$289,080
Cap Rate 7%
$206,486
Cap Rate 9%
$160,600
Alternative Uses
Best Use
Multifamily LT 5
$206.5K
$180.7K – $240.9K
NOI $14,454 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$491.4K
$430.0K – $573.3K
NOI $34,400 @ 7.0% cap · market cap 8.82%
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
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 14047, NY
6,152
Population
2,707
Households
2.3
Avg Household Size
47
Median Age
19%
College-Educated
91%
High-School Grad
13.1 sq mi
ZIP Area
470
Density / Sq Mi
$76,525
Median Household Income
$45,546
Median Earnings
$964
Median Rent
$180,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - The property pairs a renovated main residence with a separate one-bedroom apartment, each with its own kitchen.
Where is this duplex located?
The property is located at 6694 Prescott Dr Derby, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Separate one‑bedroom, one‑bath apartment with its own kitchen and deck; Main house includes three upper‑level bedrooms and a first‑floor room identified as a bedroom or family room; Two full bathrooms and first‑floor laundry in the main house
