Duplex with Finished
970 Cleveland Drive, Cheektowaga, NY 14225
For Sale
$249,900
Both separately metered residences have two bedrooms and their own washer and dryer.
Property Size1,764 SF
Lot Size0.12 Acres
Price / SF$141.67
Days on Market28
Property Features for 970 Cleveland Drive
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Highway Access
Tenant in Place
Amenities
washer and dryer
Building Details
Year Built
Buildings
Construction
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Ryan T Carney · License #10401379885
(716) 307-4461
Source:
Prestigefamilyrealty
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 7 at 2:43PM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,764-square-foot brick duplex, built in 1952, contains two residences with matching layouts: two bedrooms, a full bathroom, a living room, and an eat-in kitchen. Each unit has separate utility meters, and tenants pay their own heat and electric. A finished, heated basement with an exterior walkout and half bath adds usable space, while the finished attic provides additional interior area. The property also includes a detached two-car garage and a double-width blacktop driveway on a 45-by-120-foot lot, with off-street parking for both units.
The property is in the Cleveland Hill school district, with access to routes 33 and 90 and the airport described as minutes away.
The property is in the Cleveland Hill school district, with access to routes 33 and 90 and the airport described as minutes away.
Key Highlights
- Two‑unit brick building with 1,764 square feet; built in 1952
- Each residence has 2 bedrooms, a full bath, living room, and eat‑in kitchen
- Separate utility meters; tenants pay their own heat and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,342
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,840
$226.8K
Cap Rate 7%
$162,029
$162.0K
Cap Rate 9%
$126,022
$126.0K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$24.3K $13.80/SF
− Vacancy
−$8.1K −$4.61/SF
EGI
$16.2K $9.19/SF
− OpEx
−$4.9K −$2.76/SF
NOI
$11.3K $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%
$226,840
Cap Rate 7%
$162,029
Cap Rate 9%
$126,022
Alternative Uses
Best Use
Multifamily LT 5
$162.0K
$141.8K – $189.0K
NOI $11,342 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.8K
NOI $10,185 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$385.6K
$337.4K – $449.9K
NOI $26,993 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Market
Average Price Trend$/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 - Both separately metered residences have two bedrooms and their own washer and dryer.
Where is this duplex located?
The property is located at 970 Cleveland Drive Cheektowaga, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit brick building with 1,764 square feet; built in 1952; Each residence has 2 bedrooms, a full bath, living room, and eat‑in kitchen; Separate utility meters; tenants pay their own heat and electric
