Brick Duplex with Updated
86 Woodell Avenue, Cheektowaga, NY 14211
For Sale
$279,900
Two apartments offer a two-bedroom lower layout and a three-bedroom upper layout.
Property Size2,316 SF
Days on Market14
Property Features for 86 Woodell Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Keller Williams Realty WNY
Listed By:
Syed J Rizvi · License #10401279412
(716) 946-2700
Source:
Highfallssir
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 4:21PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
Built in 1920, this brick duplex contains two apartments. The lower unit has two bedrooms, a sunroom, living-dining area, kitchen, and renovated bathroom. The upper unit includes three bedrooms, a living area, an eat-in kitchen, and an updated bathroom. Interior improvements include luxury vinyl flooring, replacement windows, updated lighting, and renovated bathrooms.
Additional features include a basement, full attic, and garage space at the rear of the property.
Additional features include a basement, full attic, and garage space at the rear of the property.
Key Highlights
- Two‑unit brick duplex built in 1920
- Lower apartment includes 2 bedrooms and a sunroom
- Upper apartment has 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,891
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,820
$297.8K
Cap Rate 7%
$212,729
$212.7K
Cap Rate 9%
$165,456
$165.5K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$32.0K $13.80/SF
− Vacancy
−$10.7K −$4.61/SF
EGI
$21.3K $9.19/SF
− OpEx
−$6.4K −$2.76/SF
NOI
$14.9K $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%
$297,820
Cap Rate 7%
$212,729
Cap Rate 9%
$165,456
Alternative Uses
Best Use
Multifamily LT 5
$212.7K
$186.1K – $248.2K
NOI $14,891 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$191.0K
$167.2K – $222.9K
NOI $13,372 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$506.3K
$443.0K – $590.7K
NOI $35,440 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Erie County, NY
Properties on Market for Duplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer a two-bedroom lower layout and a three-bedroom upper layout.
Where is this duplex located?
The property is located at 86 Woodell Avenue Cheektowaga, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1920; Lower apartment includes 2 bedrooms and a sunroom; Upper apartment has 3 bedrooms
