94 Orchard Ave, Angola, NY 14006

Building Details

Building Size 4,104 SF More

Year Built 1800 More

Units 4 More

Listed By: Tammy DeLong Show Phone

Source: Elliman

Added: Nov 6 Last Checked: Nov 6 at 2:25PM

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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 Tammy DeLong

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Investment Insights

Based on property information with market context.

The property combines a main residence with several separate living spaces. The home has a first-floor primary bedroom, laundry and half bath, along with a living room, dining room, kitchen, and Florida room. Two bedrooms and a remodeled bathroom are located upstairs. Additional accommodations include an upstairs apartment, a four-bedroom apartment above the detached garage, and a separate-entry one-bedroom unit. The garage also contains a half bath, workshop area, and storage space; a shed or outbuilding is on the grounds.

The landscaped property spans more than 6 acres. The main home includes a front porch and an exposed-aggregate porch, while the Florida room has skylights and backyard access. The upstairs apartment may be incorporated into the main home.

Key Highlights

• More than 6 acres of landscaped grounds
• Detached garage includes a lofted 4‑bedroom apartment
• Separate‑entry 1‑bedroom unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,695

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,900 $473.9K

Cap Rate 7%

$338,500 $338.5K

Cap Rate 9%

$263,278 $263.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,104 SF

Gross rent

$66.5K $16.20/SF

− Vacancy

−$23.4K −$5.70/SF

EGI

$43.1K $10.50/SF

− OpEx

−$19.4K −$4.72/SF

NOI

$23.7K $5.77/SF

Area

Erie County, NY

Vacancy

35.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,900

Cap Rate 7%

$338,500

Cap Rate 9%

$263,278

Alternative Uses

Best Use

Apartment 5plus

$338.5K

$296.2K – $394.9K (±1% cap)

NOI $23,695 @ 7.0% cap · market cap 5.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$897.2K

$785.0K – $1.05M (±1% cap)

NOI $62,801 @ 7.0% cap · market cap 15.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Explore this area Business Placement

Demographics for 14006, NY

9,140

Population

5,012

Households

1.8

Avg Household Size

49

Median Age

25%

College-Educated

93%

High-School Grad

28.1 sq mi

ZIP Area

325

Density / Sq Mi

$62,019

Median Household Income

$45,044

Median Earnings

$956

Median Rent

$154,800

Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Erie County, NY

$105 Jul

$105 Aug

$105 Sep

$103 Oct

Properties on Market for Multifamily properties in Erie County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multiple residential units accompany a main home with a first-floor primary bedroom and a detached garage with workshop space.

Where is this multifamily property located?

The property is located at 94 Orchard Ave Angola, NY.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: More than 6 acres of landscaped grounds; Detached garage includes a lofted 4‑bedroom apartment; Separate‑entry 1‑bedroom unit