Two-Unit Residential
52 Woodward Avenue Springville, NY 14141
52 Woodward Avenue, Springville, NY, 14141
$199,900
Pending
For Sale
$199,900
Pending
MULTI_FAMILY - Other - Springville, NY
Property Size2,100 SF
Lot Size0.52 Acres
Days on Market95
Property Features for 52 Woodward Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
- Parking features
- Carport
- Patio and Porch features
- Porch
- Interior features
- NaturalWoodwork
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 143801-335-190-0004-006-000
- Size
- 2,100 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2980
Utilities
- Heating system
- Natural Gas, Space Heater, Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Vinyl, Laminate
- Building materials
- VinylSiding, PexPlumbing
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Gurney Becker & Bourne
(716) 849-1234
976 Delaware Ave, Buffalo, NY
Listed by
Daneen M Vincent · License #30VI0843028
(716) 698-4320
Added: Apr 15 Checked: Jul 18 at 3:06 pm
MLS# B1673963
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.
52 Woodward Avenue is a two-unit residential property arranged from a former single-family home. Updates reported include a roof replacement in 2025, electric work completed in 2016, plumbing updates completed in 2015, refreshed siding, and newer hot water tanks. The first-floor unit features luxury vinyl plank flooring, updated counters, and abundant cabinetry, along with a front porch and an additional porch that leads to a private patio and carport. The second unit is described as having a well-designed, spacious layout with generous storage and all appliances included.
Set in the heart of the village, the property is positioned behind a community pool and playground. A large barn/garage with electric is also on site, offering additional workspace and storage. The property sits on a lot that provides outdoor space for everyday use and recreation.
Set in the heart of the village, the property is positioned behind a community pool and playground. A large barn/garage with electric is also on site, offering additional workspace and storage. The property sits on a lot that provides outdoor space for everyday use and recreation.
Key Highlights
- Arranged as a 2‑unit property (converted from a prior single‑family residence) with flexible living or rental use
- Major updates reported: shingle roof (2025), electric (2016), plumbing (2015), refreshed siding, and newer hot water tanks
- Built in 1890 with interior natural woodwork and mixed flooring including hardwood, laminate, and vinyl
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 | $29.0k | $13.80 |
| − Vacancy | −$9.7k | −$4.61 |
| EGI | $19.3k | $9.19 |
| − OpEx | −$5.8k | −$2.76 |
| NOI | $13.5k | $6.43 |
2,100 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.9K
$168.8K – $225.0K
NOI $13,502 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$173.2K
$151.6K – $202.1K
NOI $12,125 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$459.1K
$401.7K – $535.6K
NOI $32,135 @ 7.0% cap · market cap 16.08%
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 - Updated two-unit residence with roof replacement in 2025, plus upgraded electric and plumbing, porches, and a barn/garage with electric.
Where is this duplex located?
The property is located at 52 Woodward Avenue Springville, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Arranged as a 2‑unit property (converted from a prior single‑family residence) with flexible living or rental use; Major updates reported: shingle roof (2025), electric (2016), plumbing (2015), refreshed siding, and newer hot water tanks; Built in 1890 with interior natural woodwork and mixed flooring including hardwood, laminate, and vinyl
