Three-Unit Multifamily
For Sale
$489,900
12720 Main Road, Newstead, NY 14001
Tenant-occupied residences include a duplex and a separate apartment with attached garage spaces.
Property Size3,253 SF
Lot Size2.37 Acres
Days on Market21
Property Features for 12720 Main Road
General Information
Standard status
Active
Size
3,253 SF
Lot size
2.37 Acres
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 4BR/1BA, 1 x 1BR/1BA, 1 x 3BR
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,164
Building Details
Building Size
3,253 SF
Year Built
1850
Buildings
3
Listing Agency:
NextHome Brixwood
(585) 322-6784
Listed By:
Meredith J Lindsey · License #10401397184
(585) 322-6784
Source:
Highfallssir
Added: Jul 15
Changed: Aug 2
Last Checked: Aug 3 at 10:52AM
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 NextHome Brixwood
Investment Insights
Based on property information with market context.
This multifamily property includes three residential units across two residential structures. The primary house contains a duplex with one four-bedroom, one-bath apartment featuring in-unit laundry and a separate one-bedroom, one-bath apartment. A detached three-bedroom apartment provides its own entrance and two attached garage spaces. All three units are tenant occupied.
The property spans 2.37 acres along Route 5 (Main Road) in the Town of Newstead, with an Akron address. A substantial barn/shop and broad lawn provide additional physical components for storage, equipment, hobby, workshop, or other uses subject to applicable approvals. Buffalo, Buffalo Niagara International Airport, and the NYS Thruway are within an easy drive. The improvements date to 1850.
The property spans 2.37 acres along Route 5 (Main Road) in the Town of Newstead, with an Akron address. A substantial barn/shop and broad lawn provide additional physical components for storage, equipment, hobby, workshop, or other uses subject to applicable approvals. Buffalo, Buffalo Niagara International Airport, and the NYS Thruway are within an easy drive. The improvements date to 1850.
Key Highlights
- Three tenant‑occupied residential units across two structures
- Duplex includes 4‑bed/1‑bath and 1‑bed/1‑bath apartments
- Separate 3‑bed apartment with private entrance
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $13.80 |
| − Vacancy | −$15.0k | −$4.61 |
| EGI | $29.9k | $9.19 |
| − OpEx | −$9.0k | −$2.76 |
| NOI | $20.9k | $6.43 |
3,253 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.5K – $348.6K
NOI $20,916 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$268.3K
$234.8K – $313.0K
NOI $18,782 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$711.1K
$622.2K – $829.7K
NOI $49,779 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 14001, NY
9,482
Population
4,477
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
91%
High-School Grad
64.5 sq mi
ZIP Area
147
Density / Sq Mi
$73,786
Median Household Income
$46,220
Median Earnings
$744
Median Rent
$221,000
Median Home Value
Market
Properties on Market for Multifamily properties in Newstead
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied residences include a duplex and a separate apartment with attached garage spaces.
Where is this multifamily property located?
The property is located at 12720 Main Road Newstead, NY.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Three tenant‑occupied residential units across two structures; Duplex includes 4‑bed/1‑bath and 1‑bed/1‑bath apartments; Separate 3‑bed apartment with private entrance
