Add Listing
    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

    99 Washington St Auburn, NY 13021

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $179,900

    Centrally located triplex with income growth potential.

    Lot size:
    0.13 Acres

    Property Features for 99 Washington St

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    David L. Ansuini
    Source: Elliman

    Listing Agent: David L. Ansuini

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

    Learn more

    Overview

    Three-Unit Property Near Downtown Auburn

    This unique three-unit property is centrally located just minutes from downtown Auburn, offering easy access to restaurants, shops, and local amenities. Each unit features 2 bedrooms and 1 bathroom, making it an ideal setup for long-term tenants. Apartment 2 is already updated with new flooring and refinished hardwoods, an updated kitchen with stainless steel appliances, fresh paint throughout, modern electrical fixtures, and a new hot water tank. Apartments 1 & 3 need TLC and are a canvas ready for updates and design vision to unlock full market potential. This property presents a strong opportunity for rental income growth through market-aligned rate adjustments, as each unit is currently below market value. The property is for sale only as part of a larger 18-unit package portfolio.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -76.5785218
    Latitude
    42.9367572

    Nearby Similar for Sale

    • New
      $220,000
      2,380 SF

      Auburn Duplex with Garage

      Vacant duplex in Auburn with renovated unit and garage.
      9 Cayuga St, Auburn, NY 13021
      View Details
    • $399,000

      Spacious Retail Building on 1.2 Acres

      4,200 sq ft commercial building with ample parking.
      1778 Clark Street Rd, Auburn, NY 13021
      View Details
    • $89,000
      4,992 SF

      Auburn Building Near Downtown

      Building in Auburn with retail and office space.
      147 State 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
    • $460,000

      Leased Investment Opportunity in Auburn

      Fully leased retail, office, and warehouse on 1.8 acres.
      335-337 Genesee Street Rd, Auburn, NY 13021
      View Details
    • $1,500,000

      Versatile Commercial Building in Auburn

      Well-designed commercial space suitable for various business ventures.
      399 Grant Avenue Rd, Sennett, NY 13021
      View Details
    • $1,590,000

      Downtown Auburn Retail Opportunity

      15,000 SF retail building in downtown Auburn.
      39 Genesee St, Auburn, NY 13021
      View Details
    • $790,000
      Pending

      Former School Building For Sale

      47,000+ sq ft school building suitable for various uses.
      89 E Genesee St, Auburn, NY 13021
      View Details
    • $299,000
      Pending

      Former St. Joseph’s Rectory

      Unique 12,546 sq ft property with endless possibilities.
      10 S Lewis St, Auburn, NY 13021
      View Details
    • $299,000
      Pending

      Former St. Josephs Rectory

      Unique 12,546 sq ft property with many possibilities.
      10 S Lewis St, Auburn, NY 13021
      View Details
    • Contact for pricing
      4,380 SF

      Established Restaurant Property for Sale

      Restaurant with full commercial kitchen, U-shaped bar, and spacious area.
      67 Washington St, 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

    FAQs

    What type of property is this?
    Triplex - Centrally located triplex with income growth potential.
    Where is this triplex located?
    The property is located at 99 Washington St Auburn, NY.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Centrally located minutes from downtown Auburn, providing convenient access to restaurants, shops, and local amenities.; - Updated Apartment 2 features new flooring, refinished hardwoods, stainless steel appliances, fresh paint, modern electrical fixtures, and a new hot water tank.; - Opportunity for rental income growth through market-aligned rate adjustments due to below-market rental rates.
    (315) 539-3323
    Request Owner's contact information
    99 Washington 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.
    99 Washington 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
    99 Washington 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
    David L. Ansuini
    (315) 539-3323
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!