Renovated Two-Unit
17 Saint Marys Street Lancaster, NY 14086
17 Saint Marys Street, Lancaster, NY, 14086
$224,899
Pending
For Sale
$224,899
Pending
MULTI_FAMILY - Other - Lancaster, NY
Property Size1,072 SF
Lot Size0.10 Acres
Days on Market142
Property Features for 17 Saint Marys Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Basement
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 145203-104-190-0001-002-000
- Size
- 1,072 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3332
Utilities
- Heating system
- Natural Gas, Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1860
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Varies
- Building materials
- Brick, VinylSiding
- Architectural style
- Other
Listing agency
WNY Metro Roberts Realty
(716) 668-2500
Listed by
Patrick Sportelli · License #10401258834
(716) 481-7672
Added: Mar 2 Updated: Jul 17 at 2:05AM Checked: Jul 22 at 11:06PM
MLS# B1664551
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 completely renovated brick two-unit building is located steps from West Main Street, offering walking distance to village amenities. The property features new kitchens and bathrooms in both units, luxury laminate floors, and central air. All mechanical systems are new, and the building has a new tear-off roof. A freshly poured concrete patio is located in the back. Situated on a lot of 0.1045 acres, the building has a property size of 1072 square feet. This property is suitable for either an owner-occupant or an investor. It is located next to all the village of Lancaster has to offer.
Key Highlights
- Completely renovated brick two‑unit home built in 1860
- Renovations include new kitchens and bathrooms in both units
- New mechanicals plus new tear‑off roof
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 | $14.8k | $13.80 |
| − Vacancy | −$4.9k | −$4.61 |
| EGI | $9.8k | $9.19 |
| − OpEx | −$3.0k | −$2.76 |
| NOI | $6.9k | $6.43 |
1,072 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$98.5K
$86.2K – $114.9K
NOI $6,893 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$88.4K
$77.4K – $103.2K
NOI $6,189 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$234.3K
$205.1K – $273.4K
NOI $16,404 @ 7.0% cap · market cap 7.29%
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 - Completely renovated two-unit building near West Main Street.
Where is this duplex located?
The property is located at 17 Saint Marys Street Lancaster, NY.
What is the asking price?
The asking price for this property is $224,899.
What are key features of this property?
This property features: Completely renovated brick two‑unit home built in 1860; Renovations include new kitchens and bathrooms in both units; New mechanicals plus new tear‑off roof
