Building Details

Year Built 1870

Listing Agency: Jim Theodorakos MorrisonRealty Show Phone

Listed By: James T. Theodorakos · License #37TH0791878 Show Phone

Source: Exitrealty

Added: Feb 13, 2025 Changed: Sep 2 Last Checked: Sep 15 at 5:12AM

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Investment Insights

Based on property information with market context.

This three-unit apartment building is located near the downtown area in the Village of Medina. All apartments are rented on a month-to-month basis. The first floor contains two studio apartments, which are heated by electric heat. The upstairs apartment features three to four bedrooms and is heated by boiler-fired hot water. Tenants are responsible for paying their own utilities, except for water for the two studio apartments, which is paid by the owner. The current rent schedule is $700, $525, and $425. Driveways are located on either side of the house, providing convenient parking.

Key Highlights

• Three‑unit apartment building.
• Conveniently located near downtown Medina.
• Driveways on both sides of the house for parking.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Real Estate Agency Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

286

Businesses Nearby

Explore this area Business Placement

Demographics for 14103, NY

10,589

Population

4,769

Households

2.2

Avg Household Size

43

Median Age

18%

College-Educated

84%

High-School Grad

78.9 sq mi

ZIP Area

134

Density / Sq Mi

$68,781

Median Household Income

$41,667

Median Earnings

$911

Median Rent

$127,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit apartment building near downtown Medina, all units currently rented.

Where is this triplex located?

The property is located at 416 E Center Street Medina, NY.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: Three‑unit apartment building.; Conveniently located near downtown Medina.; Driveways on both sides of the house for parking.