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    Two Homes on One Lot Title is generated by Realmo AI

    88 Woodell Avenue, Cheektowaga, NY 14211

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    Pending
    $299,900

    MULTI_FAMILY - Other - Cheektowaga, NY

    Property size:
    2,183 SF
    Lot size:
    0.07 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    248
    Last Refresh:
    May 8 at 10:06 pm

    Property Features for 88 Woodell Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 6, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 2
    Parking features
    On Street
    Interior features
    Attic
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    143089-102-450-0001-022-000
    Size
    2,183 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4904

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Varies, Tile, Hardwood
    Building materials
    VinylSiding, WoodSiding, PexPlumbing
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Mohammed S Uddin

    Listing agent Mohammed S Uddin License #10401370001

    Listing office WNY Metro Roberts Realty 960 Center Rd, cheektowaga, NY

    Listing date Sep 3, 2025

    MLS# B1635156 Listing URL

    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.

    HighLights

    • Two renovated, move‑in‑ready homes on one lot: Ideal for multi‑generational living or rental income.
    • Main house: 5 bedrooms, large kitchen, formal dining, 2 full bathrooms, flexible second‑floor space.
    • Second house: 3 bedrooms, combined living/dining, kitchen, full bathroom, new roof (replaced last month).
    • Recent updates: Fresh paint, new flooring, fairly new roof on the main house.
    • Full basement: Excellent storage or customization potential.
    • Convenient location: Close to major amenities, appealing to both owner‑occupants and investors.

    Overview

    Located in a family-friendly neighborhood, this property features two move-in-ready homes on one lot. The main home offers 5 bedrooms, a large kitchen, a formal dining area, a bright living room with modern lighting, and 2 full bathrooms. The second floor provides flexible space suitable for a home office. Updates include fresh paint, new flooring, and a fairly new roof. A full basement offers storage or customization potential, and there is an inviting front porch. The second home, located behind the main house, includes 3 bedrooms, a combined living and dining area, a kitchen, and a full bathroom. The roof was replaced last month. The property is located near major amenities. The property, situated on a 0.07-acre lot, offers 2183 square feet of living space. It is located in Cheektowaga, New York. This property is suitable for multi-generational living or generating rental income, offering potential for passive income. It is an excellent opportunity for both owner-occupants and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheektowaga
    County
    Erie
    State
    New York
    Longitude
    -78.791925
    Latitude
    42.909772

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    FAQs

    What type of property is this?
    Duplex - Two renovated homes on one lot, ideal for multi-generational living.
    Where is this duplex located?
    The property is located at 88 Woodell Avenue Cheektowaga, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Two renovated, move‑in‑ready homes on one lot: Ideal for multi‑generational living or rental income.; Main house: **5 bedrooms, large kitchen, formal dining, 2 full bathrooms**, flexible second‑floor space.; Second house: 3 bedrooms, combined living/dining, kitchen, full bathroom, new roof (replaced last month).
    (917) 500-9227
    We can help!
    Listing Contact
    Mohammed S Uddin
    Real Estate License ID: 10401370001
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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