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Alfred Triplex Near Universities
For Sale
$275,000

1 Reynolds St, Alfred, NY 14802

Three-unit apartment building near Alfred State and Alfred University campuses.

Property Size2,392 SF
Lot Size0.15 Acres
Days on Market164

Property Features for 1 Reynolds St

General Information

Standard status Active
Size 2,392 SF
Lot size 0.15 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $4,377

Building Details

Building Size 2,392 SF
Year Built 1940
Stories 2
Units 3
Listing Agency: Hunt Real Estate ERA
Listed By: Shaune Henry · License #30HE0499719
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 20 at 8:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hunt Real Estate ERA

Investment Insights

Based on property information with market context.

This three-unit apartment house is situated in a location convenient to both Alfred State and Alfred University campuses. The layout includes a four-bedroom apartment on the first floor, a two-bedroom apartment on the second floor, and another two-bedroom apartment on the third floor. The property is currently rented through the academic year. Rent is structured on a per-semester basis at $2500.00 per person, with a $100.00 discount offered for timely payments, resulting in an income based on 8 tenants paying $2400.00 each. The sellers require a closing date after January 1, 2026.

Key Highlights

  • Income‑generating property currently rented through the academic year
  • Located near Alfred State and Alfred University campuses
  • Three units: one 4‑bedroom and two 2‑bedroom apartments

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Law Firm Veterinary Clinic Spa & Massage Center Daycare Center

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

299
Businesses Nearby

Demographics for 14802, NY

4,016
Population
675
Households
5.9
Avg Household Size
22
Median Age
69%
College-Educated
95%
High-School Grad
1.1 sq mi
ZIP Area
3,651
Density / Sq Mi
$44,659
Median Household Income
$5,749
Median Earnings
$800
Median Rent
$169,100
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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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit apartment building near Alfred State and Alfred University campuses.
Where is this triplex located?
The property is located at 1 Reynolds St Alfred, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Income‑generating property currently rented through the academic year; Located near Alfred State and Alfred University campuses; Three units: one 4‑bedroom and two 2‑bedroom apartments
More about this property
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