Duplex With
For Sale
$325,000
6748 Cedar Street, Akron, NY 14001
Residential, Akron, NY
Property Size1,972 SF
Lot Size0.50 Acres
Price / SF$164.81
Days on Market95
Property Features for 6748 Cedar Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 2
Appliances
GasWaterHeater
Subdivision
Tonawanda Reservation
Lot features
Rectangular, Rectangular Lot
Elementary school district
Akron
Middle school district
Akron
High school district
Akron
Standard status
Active
APN
145689-033-000-0002-047-000
Size
1,972 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
4525
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Varies, Tile, Carpet
Building materials
VinylSiding
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(585) 968-4450
Listed By:
Michelle McCulloch · License #10401355401
(585) 329-0963
Added: May 26
Changed: Aug 19
Last Checked: Aug 28 at 10:06AM
MLS# B1683182
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.
Built in 1920, this duplex contains 1,972 square feet and offers two distinct living areas. The property includes a large barn that can support storage, garage, workshop, or hobby use. Vinyl siding, varied flooring, tile, carpet, natural-gas heating, and forced-air service are among the existing improvements and systems. The layout also offers the possibility of combining the living areas into a single residence, subject to the applicable requirements.
The property occupies approximately 0.5 acres in Akron, NY, providing more outdoor space than is typical for a multifamily home. Public water and sewer serve the property, while separate utilities support the two living areas. A gas water heater is also present.
The property occupies approximately 0.5 acres in Akron, NY, providing more outdoor space than is typical for a multifamily home. Public water and sewer serve the property, while separate utilities support the two living areas. A gas water heater is also present.
Key Highlights
- Duplex with 1,972 square feet of living space
- Approximately 0.5‑acre lot in Akron, NY
- Large barn for storage, garage, workshop, or hobby use
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
$12,679
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
3.90%
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%
$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
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
$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 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%
$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
Property Profile
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
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-family property with separate utilities, public water and sewer, and flexible outbuilding space on a spacious residential lot.
Where is this duplex located?
The property is located at 6748 Cedar Street Akron, 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 with 1,972 square feet of living space; Approximately 0.5‑acre lot in Akron, NY; Large barn for storage, garage, workshop, or hobby use
