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Three-Unit Residential Income Property
For Sale
$499,000

40 Princeton Pl, Orchard Park, NY 14127

Triplex with two driveways and a finished basement recreation setup, offering practical income and owner-occupant flexibility.

Days on Market51

Property Features for 40 Princeton Pl

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Business Included Yes
Multifamily Units 3

Building Details

Year Built 1950
Listing Agency: Exchange Real Estate
Listed By: Robert A Ploch · License #10311205945
Source: Elliman
Added: Jun 10 Changed: Jul 10 Last Checked: Jul 30 at 6:05AM

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 Exchange Real Estate

Investment Insights

Based on property information with market context.

This three-unit residential income property is configured as a triplex and includes a finished basement with two large recreation rooms and a full bathroom. With two driveways on-site, parking is designed to be convenient and reduce day-to-day friction for residents.

Located in Orchard Park, the home is described as within the Orchard Park School system. The provided area mobility scores indicate a somewhat walkable and somewhat bikeable setting.

The property is suited for an owner-occupant looking to live in one unit while generating rental income from the remaining units, or for investors seeking a straightforward triplex configuration. Please note the seller’s showing instructions: no showings until Friday, June 12 at 5:00 PM, and no negotiations until Tuesday, June 16 at 12:00 PM. Showings are limited to the listed open houses on Friday June 12 (5:00 PM–7:00 PM), Saturday June 13 (1:00 PM–3:00 PM), and Sunday June 14 (1:00 PM–3:00 PM).

Key Highlights

  • Three‑unit triplex built in 1950 with practical owner‑occupant and rental flexibility.
  • Two driveways provide parking for residents.
  • Finished basement includes two large recreation rooms for gatherings or additional living space.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Auto Parts Store Barber Shop (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.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

889
Businesses Nearby

Demographics for 14127, NY

30,565
Population
13,412
Households
2.3
Avg Household Size
46
Median Age
53%
College-Educated
98%
High-School Grad
40.7 sq mi
ZIP Area
751
Density / Sq Mi
$106,071
Median Household Income
$59,902
Median Earnings
$1,196
Median Rent
$328,700
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 - Triplex with two driveways and a finished basement recreation setup, offering practical income and owner-occupant flexibility.
Where is this triplex located?
The property is located at 40 Princeton Pl Orchard Park, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1950 with practical owner‑occupant and rental flexibility.; Two driveways provide parking for residents.; Finished basement includes two large recreation rooms for gatherings or additional living space.
More about this property
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