Victorian Duplex with Water
For Sale
$797,777
520 Main St, Youngstown, NY 14174
Victorian-era duplex with an updated main home and rear 1BR unit, steps from the waterfront and public boat docks.
Property Size4,962 SF
Lot Size1.00 Acre
Days on Market64
Property Features for 520 Main St
General Information
Standard status
Active
Size
4,962 SF
Lot size
1.00 Acre
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,726
Building Details
Building Size
4,962 SF
Year Built
1860
Stories
2
Units
2
Listing Agency:
Deal Realty, Inc
(716) 940-0548
Listed By:
Cheryl Deal · License #10311205717
(716) 940-0548
Source:
Elliman
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 11 at 7:04AM
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 Deal Realty, Inc
Investment Insights
Based on property information with market context.
Circa-1860 Victorian duplex with a stately main residence and a fully updated rear one-bedroom, one-bath apartment. The main home features 5 bedrooms and 2.5 baths with a traditional layout that includes a spacious living room, formal dining room, family room, den, bonus room, eat-in kitchen, first-floor laundry, and two staircases. Interior highlights include inlaid hardwood floors, soaring ceilings, multiple fireplaces, French doors, and a bay window, along with custom replacement windows and newer carpeting in updated areas. Recent improvements also include updated kitchen and baths, new mechanical systems, a split A/C unit, and roofs on both the home and barn. Outdoor living is supported by multiple porches, a large enclosed patio, and an expansive rear patio. The third-floor offers views of the Niagara River, and a full basement with updated mechanicals provides additional storage.
The property sits in the heart of the Village of Youngstown and includes water views, with a lot that extends from Main Street through to Second Street. It is described as being steps from restaurants, the waterfront, and public boat docks.
The rear apartment has a private entrance and separate utilities and is currently occupied by a long-term tenant, providing immediate rental income. The configuration supports flexibility for future use as guest quarters, in-law accommodations, or a private studio, while the substantial barn offers storage and workspace for vehicles, RVs, boats, equipment, and hobbies.
The property sits in the heart of the Village of Youngstown and includes water views, with a lot that extends from Main Street through to Second Street. It is described as being steps from restaurants, the waterfront, and public boat docks.
The rear apartment has a private entrance and separate utilities and is currently occupied by a long-term tenant, providing immediate rental income. The configuration supports flexibility for future use as guest quarters, in-law accommodations, or a private studio, while the substantial barn offers storage and workspace for vehicles, RVs, boats, equipment, and hobbies.
Key Highlights
- Circa 1860 Victorian duplex on over one acre in the Village of Youngstown
- Main home features 5 bedrooms and 2.5 baths with historic details and modern updates
- Updated kitchen and baths plus custom replacement windows, new mechanical systems, and split A/C
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,560
$871.6K
Cap Rate 7%
$622,543
$622.5K
Cap Rate 9%
$484,200
$484.2K
Market Conditions
NOI Build-Up for 4,962 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.7K $13.44/SF
− Vacancy
−$4.4K −$0.89/SF
EGI
$62.3K $12.55/SF
− OpEx
−$18.7K −$3.76/SF
NOI
$43.6K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,560
Cap Rate 7%
$622,543
Cap Rate 9%
$484,200
Alternative Uses
Best Use
Multifamily LT 5
$622.5K
$544.7K – $726.3K
NOI $43,578 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$4.22M
$3.69M – $4.92M
NOI $295,134 @ 7.0% cap · market cap 36.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 14174, NY
5,654
Population
2,601
Households
2.2
Avg Household Size
50
Median Age
34%
College-Educated
98%
High-School Grad
23.2 sq mi
ZIP Area
244
Density / Sq Mi
$78,922
Median Household Income
$53,841
Median Earnings
$1,152
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Victorian-era duplex with an updated main home and rear 1BR unit, steps from the waterfront and public boat docks.
Where is this duplex located?
The property is located at 520 Main St Youngstown, NY.
What is the asking price?
The asking price for this property is $797,777.
What are key features of this property?
This property features: Circa 1860 Victorian duplex on over one acre in the Village of Youngstown; Main home features 5 bedrooms and 2.5 baths with historic details and modern updates; Updated kitchen and baths plus custom replacement windows, new mechanical systems, and split A/C
