Hamburg Two-Unit Income
102 Prospect Avenue Hamburg, NY 14075
102 Prospect Avenue, Hamburg, NY, 14075
$364,900
Pending
For Sale
$364,900
Pending
MULTI_FAMILY - Other - Hamburg, NY
Property Size2,673 SF
Lot Size0.40 Acres
Days on Market74
Property Features for 102 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- Parking features
- Garage
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 144803-196-050-0009-014-000
- Size
- 2,673 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8785
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1828
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Varies, Hardwood
- Building materials
- Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty Lancaster
(716) 324-2300
3400 Southwestern Blvd., Elma, NY
Listed by
Melissa Ann Liberatore · License #10401271191
(716) 218-0488
Added: May 5 Checked: Jul 17 at 10:06 pm
MLS# B1678840
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.
Investment Insights
Based on property information with market context.
This two-unit property is located in the Village of Hamburg. Each unit features 2 bedrooms and 1 full bath. The property includes a two-car detached garage and is situated on a lot that measures 0.404 acres. The property offers off-street parking. The building size is 2673 square feet. The property is located close to shops, restaurants, and parks.
Key Highlights
- Two‑unit upper/lower with each unit featuring 2 bedrooms and 1 full bath
- Year built: 1828
- Two‑car detached garage with off‑street parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $13.80 |
| − Vacancy | −$12.3k | −$4.61 |
| EGI | $24.6k | $9.19 |
| − OpEx | −$7.4k | −$2.76 |
| NOI | $17.2k | $6.43 |
2,673 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.5K
$214.8K – $286.5K
NOI $17,187 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$220.5K
$192.9K – $257.2K
NOI $15,433 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$584.3K
$511.3K – $681.7K
NOI $40,903 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property in Hamburg, NY with detached garage.
Where is this duplex located?
The property is located at 102 Prospect Avenue Hamburg, NY.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Two‑unit upper/lower with each unit featuring 2 bedrooms and 1 full bath; Year built: 1828; Two‑car detached garage with off‑street parking
