Triplex with Finished
For Sale
$499,000
40 Princeton Place, Orchard Park, NY 14127
MULTI_FAMILY - Other - Orchard Park, NY
Property Size3,176 SF
Lot Size0.25 Acres
Price / SF$157.12
Days on Market56
Property Features for 40 Princeton Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Patio and Porch features
Porch
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Orchard Park
Middle school district
Orchard Park
High school district
Orchard Park
Directions
GPS
Standard status
Active
APN
146001-162-170-0001-027-000
Size
3,176 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
7086
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Laminate, Varies, Tile, Hardwood
Building materials
Frame, VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Exchange Real Estate Inc.
(716) 876-0888
Listed By:
Robert A Ploch · License #10311205945
(716) 479-4622
Added: Jun 5
Changed: Jul 28
Last Checked: Jul 30 at 1:06PM
MLS# B1688116
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 three-unit triplex at 40 Princeton Place includes two driveways for convenient parking. The finished basement features two large recreation rooms and a full bathroom.
The property is located in the Village of Orchard Park in Erie County, NY. Public remarks indicate the home is zoned commercial, and the offering notes possible uses including office, retail, and art studio.
With a triplex layout and a fully finished lower level, the property supports residential income while also reflecting a commercial zoning designation as stated in the listing remarks.
The property is located in the Village of Orchard Park in Erie County, NY. Public remarks indicate the home is zoned commercial, and the offering notes possible uses including office, retail, and art studio.
With a triplex layout and a fully finished lower level, the property supports residential income while also reflecting a commercial zoning designation as stated in the listing remarks.
Key Highlights
- Three‑unit property zoned commercial (office/retail/art studio), with two driveways for off‑street parking
- Finished basement includes two large recreation rooms plus a full bathroom
- Year built 1950 with frame construction and vinyl siding; copper plumbing reported
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 | $43.8k | $13.80 |
| − Vacancy | −$14.7k | −$4.61 |
| EGI | $29.2k | $9.19 |
| − OpEx | −$8.8k | −$2.76 |
| NOI | $20.4k | $6.43 |
3,176 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.7K
$255.3K – $340.4K
NOI $20,421 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
Business Placement
Demographics for 14127, NY
30,565
Population
13,412
Households
2.3
Avg Household Size
46
Median Age
53%
College-Educated
98%
High-School Grad
40.7 sq mi
ZIP Area
751
Density / Sq Mi
$106,071
Median Household Income
$59,902
Median Earnings
$1,196
Median Rent
$328,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex in the Village of Orchard Park with two driveways and a finished basement with recreation rooms and a full bath.
Where is this triplex located?
The property is located at 40 Princeton Place Orchard Park, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑unit property zoned commercial (office/retail/art studio), with two driveways for off‑street parking; Finished basement includes two large recreation rooms plus a full bathroom; Year built 1950 with frame construction and vinyl siding; copper plumbing reported
