Triplex with Detached
For Sale
$339,900
68 Tyler Street, Depew, NY 14043
Residential, Depew, NY
Property Size2,456 SF
Lot Size0.11 Acres
Price / SF$138.40
Days on Market50
Property Features for 68 Tyler Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Interior features
CeilingFans
Exterior features
Balcony
Appliances
GasWaterHeater
Subdivision
Holland Land Company's Su
Lot features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Depew
Middle school district
Depew
High school district
Depew
Directions
Transit Rd to Eliot Ave to Tyler St
Standard status
Active
APN
145201-104-300-0002-017-000
Size
2,456 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Tax Annual Amount
7145
Utilities
Heating system
Ductless (Heating), Natural Gas, Forced Air
Cooling system
Ductless
Water source
Public
Amenities
wraparound porch
off-street parking
private outdoor space
laundry hookups
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Flooring type
Carpet, Vinyl, Varies
Building materials
VinylSiding
Roof type
Asphalt
Buildings
2
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Ryan Burke · License #10301222154
(716) 572-2848
Added: Sep 16
Changed: Oct 24
Last Checked: Nov 4 at 3:06PM
MLS# B1715355
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.
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Investment Insights
Based on property information with market context.
At 68 Tyler Street, this 2,456-square-foot triplex includes a Victorian-style main house and a separate rear cottage. The main residence contains two two-bedroom units; the cottage is the third unit. Updates include renovated kitchens and bathrooms, new flooring and paint, and replacement windows in the cottage. Mechanical improvements include three hot water tanks installed in 2026, a sump pump added in 2025, and two main-house furnaces that are less than two years old. The cottage has a mini-split heating and cooling system. The roof is approximately 12 years old.
One unit is occupied, while the other two are vacant. Each unit has separate gas and electric utilities, and the property includes off-street parking, private outdoor areas, and basement laundry hookups. Transit Road is nearby, along with restaurants, retail, pubs, entertainment, and everyday services.
One unit is occupied, while the other two are vacant. Each unit has separate gas and electric utilities, and the property includes off-street parking, private outdoor areas, and basement laundry hookups. Transit Road is nearby, along with restaurants, retail, pubs, entertainment, and everyday services.
Key Highlights
- Three‑unit property with two‑bedroom apartments in the main house and a detached cottage
- 2,456 square feet on 0.1148 acres
- Rear cottage received a complete gut renovation and has a mini‑split heating and A/C system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,791
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$33.9K $13.80/SF
− Vacancy
−$11.3K −$4.61/SF
EGI
$22.6K $9.19/SF
− OpEx
−$6.8K −$2.76/SF
NOI
$15.8K $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%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Multifamily LT 5
$225.6K
$197.4K – $263.2K
NOI $15,791 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$202.6K
$177.3K – $236.3K
NOI $14,180 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,583 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences are unoccupied, and all three have separate gas and electric service.
Where is this triplex located?
The property is located at 68 Tyler Street Depew, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three‑unit property with two‑bedroom apartments in the main house and a detached cottage; 2,456 square feet on 0.1148 acres; Rear cottage received a complete gut renovation and has a mini‑split heating and A/C system
