Depew Duplex Investment
7 CLOYES AVE Depew, NY 14043
7 CLOYES AVE, Depew, NY, 14043
$210,000
For Sale
$210,000
Well-maintained duplex with strong rental income on a large lot.
Property Size1,588 SF
Price / SF$132.24
Days on Market164
Property Features for 7 CLOYES AVE
General Information
- Standard status
- Active
- Size
- 1,588 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing Agency
Avant Realty LLC
(716) 333-4663
Listed by
Charles Glander
(716) 333-4663
Source
Xome
Added: Feb 3 Checked: Jul 17 at 2:14 am
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 Avant Realty LLC
Investment Insights
Based on property information with market context.
Located at 7 Cloyes Avenue in Depew, New York, this duplex presents an investment opportunity. The property is a well-maintained duplex situated at the back of a cul-de-sac on a large lot, offering privacy and space. It features a 2-car garage and a large storage shed. Both apartments are currently leased at $860 per month each, with the garage rented for an additional $430 per month. This property can be purchased individually or as part of a package with other properties.
Key Highlights
- Strong rental income: $860/month per apartment plus $430/month for the garage.
- 2‑car garage.
- Large lot offering added privacy and space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $13.80 |
| − Vacancy | −$7.3k | −$4.61 |
| EGI | $14.6k | $9.19 |
| − OpEx | −$4.4k | −$2.76 |
| NOI | $10.2k | $6.43 |
1,588 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$145.9K
$127.6K – $170.2K
NOI $10,210 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$131.0K
$114.6K – $152.8K
NOI $9,169 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental income on a large lot.
Where is this duplex located?
The property is located at 7 CLOYES AVE Depew, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Strong rental income: $860/month per apartment plus $430/month for the garage.; 2‑car garage.; Large lot offering added privacy and space.
