Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Multi-Family Corner Lot Title is generated by Realmo AI

    164 Eagle St, Fredonia, NY 14063

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,900

    Multi-family property on a large corner lot with rental potential.

    Type:Multi Family
    Lot size:
    0.83 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    59
    Last Refresh:
    Mar 10 at 9:27 am

    Property Features for 164 Eagle St

    General Information

    Standard status
    Active
    Lot size
    0.83 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1880

    We can help!

    Listing Contact
    Michael Heald

    Listing agent Michael Heald

    Listing office Premier Realty & Investments

    Listing date Mar 24, 2026

    Source Elliman

    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 Premier Realty & Investments

    HighLights

    • Multi‑family property easily converted back to single‑family home.
    • Spacious double corner lot (just under an acre).
    • Two separate apartments with individual utilities.
    • Updated 2‑bedroom apartment with new drywall, flooring, bathroom, and fixtures.
    • Main unit features 3 bedrooms and 2 bathrooms.
    • Double‑bay garage with electrical service.

    Overview

    This multi-family property is situated on a double corner lot, encompassing just under one acre of level land. The property is currently configured as two separate apartments, each with individual utilities. The layout offers potential for rental income or conversion back to a single-family residence. The two-story main unit includes 3 bedrooms and 2 bathrooms. The adjacent apartment features 2 bedrooms and 1 bathroom and has been updated with new drywall, flooring, bathroom, and fixtures. Practical features include first-floor laundry, vinyl siding, and vinyl windows. A horseshoe driveway leads to a double-bay garage equipped with electrical service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredonia
    County
    Chautauqua
    State
    New York
    Longitude
    -79.321075
    Latitude
    42.437892

    Nearby Similar for Sale

    • $549,900
      7,312 SF

      Fredonia Multifamily Investment Opportunity

      Six-unit property near SUNY Fredonia with income potential.
      1 Birchwood Drive, Fredonia, NY 14063
      View Details
    • $850,000
      10,152 SF

      Fredonia Multifamily Investment Opportunity

      Well-maintained 20-unit apartment complex with single-family home.
      346-350 Central Avenue, Fredonia, NY 14063
      View Details
    • $349,000
      2,208 SF

      Fredonia Bar and Nightclub Opportunity

      Turnkey bar and nightclub in Fredonia, land, building, business.
      12-14 Water Street, Fredonia, NY 14063
      View Details
    • $339,900
      4,300 SF

      Downtown Fredonia Investment Opportunity

      Two commercial buildings with value-add potential in downtown Fredonia.
      33-35 E Main Street, Fredonia, NY 14063
      View Details
    • $214,500
      2,256 SF

      Two-Unit Property in Fredonia, NY

      Two-unit property with updated kitchen and conversion option.
      31 Cleveland Avenue, Fredonia, NY 14063
      View Details
    • $169,000
      2,267 SF

      Charming Fredonia Two-Unit Home

      Well-maintained two-unit home on a large lot in Fredonia.
      113 Prospect Street, Fredonia, NY 14063
      View Details
    • Contact for pricing
      26,727 SF

      Retail Space Investment Opportunity

      26,727 SF retail space with long-term tenants near Fredonia State.
      355 Central Ave, Fredonia, NY 14063
      View Details
    • $4,200,000
      44,780 SF

      Turnkey Commercial Opportunity on Route 60

      Established appliance and furniture business with real estate for sale.
      10378 Bennett Road, Fredonia, NY 14063
      View Details
    • $4,200,000

      Fredonia Retail/Warehouse Business Opportunity

      Retail/warehouse space with business, land for sale in Fredonia.
      13078 New York 60, Fredonia, NY 14063
      View Details
    • $349,000
      4,200 SF

      Turnkey Bar/Restaurant with Real Estate

      Thriving bar/restaurant for sale, includes real estate.
      26 Water St, Fredonia, NY
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-family property on a large corner lot with rental potential.
    Where is this duplex located?
    The property is located at 164 Eagle St Fredonia, NY.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Multi‑family property easily converted back to single‑family home.; Spacious double corner lot (just under an acre).; Two separate apartments with individual utilities.
    (716) 679-7653
    We can help!
    Listing Contact
    Michael Heald
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    164 Eagle St, Pomfret, NY 14063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!