Building Details

Building Size 3,000 SF

Year Built 2026

Buildings 1

Listing Agency: Nichol City Realty

Listed By: Linda L Okonzak · License #30OK0648718 Show Phone

Source: Highfallssir

Added: Oct 10 Changed: Oct 13 Last Checked: Oct 13 at 2:35AM

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Investment Insights

Based on property information with market context.

Built in 2026, this duplex contains two vacant residences, each arranged with two bedrooms, two bathrooms, and an open floor plan. Both units have fireplaces with inserts, walk-in closets in the primary suites, Samsung kitchen appliances, and stackable washers and dryers. Room-by-room heating and cooling, radiant-heated floors, and an on-demand hot water boiler serve the property. Electric vehicle chargers and off-street parking, including visitor spaces, are also provided.

The property at 9607 Northfield Street is a five-minute walk from Lake Erie beach. A two-year home warranty is offered by the owner.

Key Highlights

• Two‑unit duplex built in 2026
• Each residence has 2 bedrooms and 2 bathrooms
• Both units include fireplaces with inserts and walk‑in closets in the primary suites

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,289

Cap Rate

2.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$385,780 $385.8K

Cap Rate 7%

$275,557 $275.6K

Cap Rate 9%

$214,322 $214.3K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$41.4K $13.80/SF

− Vacancy

−$13.8K −$4.61/SF

EGI

$27.6K $9.19/SF

− OpEx

−$8.3K −$2.76/SF

NOI

$19.3K $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%

$385,780

Cap Rate 7%

$275,557

Cap Rate 9%

$214,322

Alternative Uses

Best Use

Multifamily LT 5

$275.6K

$241.1K – $321.5K (±1% cap)

NOI $19,289 @ 7.0% cap · market cap 2.97%

Second Best

Apartment 5plus

$247.4K

$216.5K – $288.7K (±1% cap)

NOI $17,321 @ 7.0% cap · market cap 2.67%

Theoretical Best

Office A

$655.8K

$573.8K – $765.1K (±1% cap)

NOI $45,907 @ 7.0% cap · market cap 7.06%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Plumbing Service Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

52

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences feature open layouts, en-suite primary bedrooms, and individual heating and cooling.

Where is this duplex located?

The property is located at 9607 Northfield Street Angola, NY.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Two‑unit duplex built in 2026; Each residence has 2 bedrooms and 2 bathrooms; Both units include fireplaces with inserts and walk‑in closets in the primary suites