Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    78 Wall St Auburn, NY 13021

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $89,900

    Fully occupied two-unit property with potential for expansion.

    Lot size:
    0.14 Acres

    Property Features for 78 Wall St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Cheryl A. Stebbins
    Source: Elliman

    Listing Agent: Cheryl A. Stebbins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two-Unit Investment Property

    This investment property features two fully occupied rental units. The downstairs front unit has an open floor plan and separate utilities, presenting the potential for conversion into an additional apartment with renovations. The property includes a newer roof, replaced electrical systems, and many replacement windows. All utilities are separate for each unit. The upstairs apartment has been recently remodeled, and an updated Certificate of Occupancy has been obtained.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.578539
    Latitude
    42.9347773

    Nearby Similar for Sale

    • $1,500,000
      4,536 SF

      Versatile Commercial Building in Auburn

      Well-designed commercial building with modern aesthetics and ample parking.
      399 Grant Avenue Rd, Auburn, NY 13021
      View Details
    • $230,000
      2,380 SF

      Two-Family Home in Auburn's East

      Two-unit home in Auburn's East End, near Finger Lakes.
      9 Cayuga St, Auburn, NY 13021
      View Details
    • $1,800,000

      Renovated Mixed-Use Office Complex

      54,000+ sqft multi-unit complex with warehouse and office space.
      34 Wright Ave, Auburn, NY 13021
      View Details
    • $189,900

      Two-Family Home in Desirable Location

      Two-unit property in Auburn, ideal for investors or owner-occupants.
      2-4 Maple St, Auburn, NY 13021
      View Details
    • $430,000

      Historic Auburn Building For Sale

      Historic Auburn building with renovation potential and income-producing storefronts.
      10 South St, Auburn, NY 13021
      View Details
    • $129,900

      Turnkey Bakery Opportunity

      Turnkey bakery, cafe, or coffee shop opportunity near downtown.
      15 Burt Ave, Auburn, NY 13021
      View Details
    • $290,000

      Remodeled Multi-Family Property in Auburn

      Fully remodeled 3-unit multi-family property, ideal for investors/owner occupants.
      53 Arterial W, Auburn, NY 13021
      View Details
    • $825,000

      Bowling and Banquet Center For Sale

      Multi-generational bowling and banquet center with income generation opportunities.
      1379 Clark Street Rd, Auburn, NY 13021
      View Details
    • Contact for pricing
      6,418 SF

      Unique Auburn Property with Potential

      Versatile property near downtown Auburn, suitable for various uses.
      68 N Division St, Auburn, NY 13021
      View Details
    • $99,900

      Duplex with Income Potential

      Two 3-bedroom apartments, one updated, offering immediate income potential.
      1-3 Lizette St, Auburn, NY 13021
      View Details
    • $179,900

      Centrally Located Auburn Triplex

      Three-unit property near downtown Auburn with income growth potential.
      99 Washington St, Auburn, NY 13021
      View Details
    • $129,900

      Duplex Near Falcon and Casey Parks

      Duplex with income potential near parks in Auburn, NY.
      88 N Division St, Auburn, NY 13021
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully occupied two-unit property with potential for expansion.
    Where is this duplex located?
    The property is located at 78 Wall St Auburn, NY.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Two fully occupied rental units providing immediate income.; - Upstairs apartment recently remodeled with updated Certificate of Occupancy (C of O).; - Separate utilities for each unit.
    (315) 246-3222
    Request Owner's contact information
    78 Wall St Auburn, NY 13021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    78 Wall St
    Auburn, NY 13021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    78 Wall St Auburn, NY 13021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cheryl A. Stebbins
    (315) 246-3222 (315) 406-2717
    Learn more
    Google sign-in failed. Please try again or use another login method.