Side-by-Side Brick
For Sale
$242,550
Pending
73 Marlowe Ave, Hamburg, NY 14219
Side-by-side brick duplex with two units, private driveway, and a detached garage.
Property Size2,216 SF
Days on Market107
Property Features for 73 Marlowe Ave
General Information
Standard status
Pending
Size
2,216 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,505
Building Details
Building Size
2,216 SF
Year Built
1955
Units
2
Tenancy
Multi
Listing Agency:
Red Door Real Estate WNY LLC
Listed By:
Renee Moran · License #10491202951
(716) 866-8361
Source:
Elliman
Added: Jul 17
Changed: Oct 28
Last Checked: Oct 30 at 2:35PM
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 Red Door Real Estate WNY LLC
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Investment Insights
Based on property information with market context.
This side-by-side brick duplex offers two separate units with a solid brick exterior. One unit features 4 bedrooms and 2 full baths, while the second unit includes 1 bedroom and 1 full bath. The property also includes a private driveway with pull-in access to a detached garage.
Located in Blasdell, the home is described as being just minutes from McKinley Mall, Woodlawn Beach State Park, shopping and dining, and major routes.
The configuration provides a straightforward two-unit layout with off-street parking and a detached garage, offering a practical setup for investors or an owner-occupant looking for additional rental income potential.
Located in Blasdell, the home is described as being just minutes from McKinley Mall, Woodlawn Beach State Park, shopping and dining, and major routes.
The configuration provides a straightforward two-unit layout with off-street parking and a detached garage, offering a practical setup for investors or an owner-occupant looking for additional rental income potential.
Key Highlights
- Side‑by‑side brick duplex with 2 units
- Unit mix: one unit has 4 bedrooms and 2 full baths; the other has 1 bedroom and 1 full bath
- 1955 brick exterior with brick fence and rectangular lot (75x115)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,248
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,960
$285.0K
Cap Rate 7%
$203,543
$203.5K
Cap Rate 9%
$158,311
$158.3K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$30.6K $13.80/SF
− Vacancy
−$10.2K −$4.61/SF
EGI
$20.4K $9.19/SF
− OpEx
−$6.1K −$2.76/SF
NOI
$14.2K $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%
$284,960
Cap Rate 7%
$203,543
Cap Rate 9%
$158,311
Alternative Uses
Best Use
Multifamily LT 5
$203.5K
$178.1K – $237.5K
NOI $14,248 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$182.8K
$159.9K – $213.2K
NOI $12,794 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$484.4K
$423.9K – $565.2K
NOI $33,910 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side brick duplex with two units, private driveway, and a detached garage.
Where is this duplex located?
The property is located at 73 Marlowe Ave Hamburg, NY.
What is the asking price?
The asking price for this property is $242,550.
What are key features of this property?
This property features: Side‑by‑side brick duplex with 2 units; Unit mix: one unit has 4 bedrooms and 2 full baths; the other has 1 bedroom and 1 full bath; 1955 brick exterior with brick fence and rectangular lot (75x115)
