Country Income Duplex
1874 Hess Road Appleton, NY 14008
For Sale
$295,000
MULTI_FAMILY - Other - Appleton, NY
Property Size2,812 SF
Lot Size0.36 Acres
Price / SF$104.91
Days on Market48
Property Features for 1874 Hess Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Basement, Bathroom 1
- Patio and Porch features
- Patio
- Interior features
- NaturalWoodwork
- Exterior features
- Patio
- Appliances
- OilWaterHeater
- Standard status
- Active
- APN
- 292800-016-009-0001-034-000
- Size
- 2,812 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5486
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Oil
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Tile
- Building materials
- VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
WNYbyOwner.com
(716) 523-8508
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Added: Jun 9
Changed: Jul 16
Last Checked: Jul 26 at 4:06PM
MLS# B1689008
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 updated country income duplex features two residential units with an upper 4-bedroom layout and a lower 2-bedroom layout. Each unit has its own driveway and parking area, supporting separate access and day-to-day convenience.
The property includes a 6-car garage/workshop with a new steel roof, plus a separate 2-car garage, each served by dedicated driveways. A newer covered patio provides an additional outdoor area.
Recent improvements include new gas furnaces for each unit installed in 2022. Showings begin at the open house on Sunday 6/14 from 11AM to 1PM.
The property includes a 6-car garage/workshop with a new steel roof, plus a separate 2-car garage, each served by dedicated driveways. A newer covered patio provides an additional outdoor area.
Recent improvements include new gas furnaces for each unit installed in 2022. Showings begin at the open house on Sunday 6/14 from 11AM to 1PM.
Key Highlights
- Built in 1890 with vinyl siding and asphalt roofing
- Updated interior with natural woodwork, hardwood and tile flooring
- Forced‑air oil heat; oil/water heater included
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 | $37.8k | $13.44 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $35.3k | $12.55 |
| − OpEx | −$10.6k | −$3.76 |
| NOI | $24.7k | $8.78 |
2,812 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.8K
$308.7K – $411.6K
NOI $24,696 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$313.1K
$274.0K – $365.3K
NOI $21,920 @ 7.0% cap · market cap 7.43%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,254 @ 7.0% cap · market cap 56.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex with separate driveways, new 2022 gas furnaces, and multiple garage and workshop spaces.
Where is this duplex located?
The property is located at 1874 Hess Road Appleton, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Built in 1890 with vinyl siding and asphalt roofing; Updated interior with natural woodwork, hardwood and tile flooring; Forced‑air oil heat; oil/water heater included
