Duplex Home With
For Sale
$325,000
6748 Cedar Street, Newstead, NY 14001
Two living spaces and a large barn provide flexible residential, storage, and workshop functionality.
Property Size1,972 SF
Lot Size0.50 Acres
Days on Market133
Property Features for 6748 Cedar Street
General Information
Standard status
Active
Size
1,972 SF
Lot size
0.50 Acres
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,525
Building Details
Building Size
1,972 SF
Year Built
1920
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Michelle McCulloch · License #10401355401
(585) 329-0963
Source:
Highfallssir
Added: May 26
Changed: Sep 22
Last Checked: Oct 4 at 4:27PM
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 1920 duplex property sits on approximately half an acre just outside the Village of Akron. The home contains two living spaces, retains original character, and has received updates over the years. Its layout could also be reconfigured as a single-family residence, subject to applicable requirements.
A large barn adds substantial utility for garage space, storage, hobbies, or workshop use. Separate utilities serve the residential areas, while municipal water and sewer are in place. The combination of a two-family configuration, flexible outbuilding, and spacious lot supports a range of residential ownership arrangements, including owner occupancy or multi-generational use.
A large barn adds substantial utility for garage space, storage, hobbies, or workshop use. Separate utilities serve the residential areas, while municipal water and sewer are in place. The combination of a two-family configuration, flexible outbuilding, and spacious lot supports a range of residential ownership arrangements, including owner occupancy or multi-generational use.
Key Highlights
- Duplex property built in 1920
- Approximately half an acre
- Large barn for garage, storage, hobbies, or workshop use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,679
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,580
$253.6K
Cap Rate 7%
$181,129
$181.1K
Cap Rate 9%
$140,878
$140.9K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$27.2K $13.80/SF
− Vacancy
−$9.1K −$4.61/SF
EGI
$18.1K $9.19/SF
− OpEx
−$5.4K −$2.76/SF
NOI
$12.7K $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%
$253,580
Cap Rate 7%
$181,129
Cap Rate 9%
$140,878
Alternative Uses
Best Use
Multifamily LT 5
$181.1K
$158.5K – $211.3K
NOI $12,679 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$162.7K
$142.3K – $189.8K
NOI $11,386 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$431.1K
$377.2K – $502.9K
NOI $30,176 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 14001, NY
9,482
Population
4,477
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
91%
High-School Grad
64.5 sq mi
ZIP Area
147
Density / Sq Mi
$73,786
Median Household Income
$46,220
Median Earnings
$744
Median Rent
$221,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two living spaces and a large barn provide flexible residential, storage, and workshop functionality.
Where is this duplex located?
The property is located at 6748 Cedar Street Newstead, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex property built in 1920; Approximately half an acre; Large barn for garage, storage, hobbies, or workshop use
