Victorian Duplex with River
For Sale
$797,777
520 Main Street, Youngstown, NY 14174
MULTI_FAMILY - Other - Youngstown, NY
Property Size4,962 SF
Lot Size1.50 Acres
Price / SF$160.78
Days on Market69
Property Features for 520 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Basement, Bathroom 2, Bathroom 4, Bedroom 5
Patio and Porch features
Patio, Porch
Exterior features
EnclosedPorch, Porch, Patio
Fireplace
1
Appliances
GasWaterHeater, TanklessWaterHeater
Subdivision
Mile Reserve
Lot features
Rectangular, Rectangular Lot, Residential Lot
View
Water
Elementary school district
Lewiston-Porter
Middle school district
Lewiston-Porter
High school district
Lewiston-Porter
Directions
Lower River Road turns into Main Street Youngstown. Front of the house is 520 Main Street and back entrance to property is located on Second Street.
Standard status
Active
APN
293401-059-006-0001-039-000
Size
4,962 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Annual Amount
12726
Utilities
Heating system
Hot Water(Heating), Steam, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public, Well
Water front features
Stream, River Access
Amenities
inlaid hardwood floors
soaring ceilings
fireplaces
French doors
bay window
multiple porches
enclosed patio
expansive rear patio
first-floor laundry
split A/C unit
Building Details
Year built
1860
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Laminate, Carpet, Varies
Building materials
AluminumSiding, VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Deal Realty, Inc.
(716) 754-3301
Listed By:
Cheryl Deal · License #10311205717
(716) 940-0548
Added: Jun 5
Changed: Aug 12
Last Checked: Aug 12 at 1:06PM
MLS# B1667728
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.
Circa 1860 Victorian duplex on a 1.5-acre lot with river access and water views, extending from Main Street through to Second Street. The main residence features 5 bedrooms and 2.5 baths, with inlaid hardwood floors, soaring ceilings, generous living spaces, and timeless architectural details. Interior highlights include a living room, formal dining room, family room, den, bonus room, eat-in kitchen, first-floor laundry, and two staircases. Recent improvements include an updated kitchen and baths, custom replacement windows, new mechanical systems, and new roofs on both the home and the barn. The property also includes charming fireplaces, French doors, a bay window, multiple porches, an enclosed patio, and an expansive rear patio. A full basement with updated mechanicals provides additional storage.
At the rear of the property, there is a fully updated one-bedroom, one-bath apartment with a private entrance and separate utilities, currently occupied by a long-term tenant. A substantial barn offers storage and workspace for vehicles, RVs, boats, equipment, and workshops. The third-floor provides views of the Niagara River, and the property is steps from restaurants, the waterfront, and public boat docks.
At the rear of the property, there is a fully updated one-bedroom, one-bath apartment with a private entrance and separate utilities, currently occupied by a long-term tenant. A substantial barn offers storage and workspace for vehicles, RVs, boats, equipment, and workshops. The third-floor provides views of the Niagara River, and the property is steps from restaurants, the waterfront, and public boat docks.
Key Highlights
- Circa 1860 Victorian duplex on a 1.5‑acre lot extending from Main Street through to Second Street
- Main residence: 5 bedrooms and 2.5 baths with inlaid hardwood floors, fireplaces, and two staircases
- Rear apartment: one bedroom and one bath with private entrance and separate utilities, currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,560
$871.6K
Cap Rate 7%
$622,543
$622.5K
Cap Rate 9%
$484,200
$484.2K
Market Conditions
NOI Build-Up for 4,962 SF
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.
Gross rent
$66.7K $13.44/SF
− Vacancy
−$4.4K −$0.89/SF
EGI
$62.3K $12.55/SF
− OpEx
−$18.7K −$3.76/SF
NOI
$43.6K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,560
Cap Rate 7%
$622,543
Cap Rate 9%
$484,200
Alternative Uses
Best Use
Multifamily LT 5
$622.5K
$544.7K – $726.3K
NOI $43,578 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$4.22M
$3.69M – $4.92M
NOI $295,134 @ 7.0% cap · market cap 36.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 14174, NY
5,654
Population
2,601
Households
2.2
Avg Household Size
50
Median Age
34%
College-Educated
98%
High-School Grad
23.2 sq mi
ZIP Area
244
Density / Sq Mi
$78,922
Median Household Income
$53,841
Median Earnings
$1,152
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Circa 1860 Victorian duplex with rear one-bedroom apartment, separate utilities, and river access.
Where is this duplex located?
The property is located at 520 Main Street Youngstown, NY.
What is the asking price?
The asking price for this property is $797,777.
What are key features of this property?
This property features: Circa 1860 Victorian duplex on a 1.5‑acre lot extending from Main Street through to Second Street; Main residence: 5 bedrooms and 2.5 baths with inlaid hardwood floors, fireplaces, and two staircases; Rear apartment: one bedroom and one bath with private entrance and separate utilities, currently occupied
