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Three-Unit Residential Income Property
For Sale
$389,900

23 Grove St, Van Buren, NY 13027

Triplex with two first-floor 1-bedroom units and one second-floor 3-bedroom unit, each with separate utilities and furnaces.

Days on Market84

Property Features for 23 Grove St

General Information

Standard status Active
Property subtype Multi Family
Occupancy 33%

Additional Details

Multifamily Units 3

Building Details

Year Built 1900
Tenancy Multi
Listing Agency:
Listed By: Stephen Skinner
Source: Elliman
Added: May 9 Changed: Jul 21 Last Checked: Jul 25 at 11:23AM

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 Stephen Skinner

Investment Insights

Based on property information with market context.

This three-unit residential income property features two first-floor 1-bedroom, 1-bath apartments and one second-floor 3-bedroom, 1-bath apartment. One of the first-floor units is currently tenant occupied, while the other two units are vacant, providing flexibility for the next owner. Each unit has separate utilities and its own furnace, and the mechanical systems have been described as newer throughout.

The property is located in the Village of Baldwinsville, about a block and a half from the Seneca River and within walking distance to local shops and restaurants.

Outside, the home offers two separate driveways and an exceptionally large yard. The seller has indicated willingness to complete the kitchen in one vacant first-floor unit with the right offer.

Key Highlights

  • 3‑unit triplex built in 1900: two 1‑bedroom/1‑bath units on the first floor plus one 3‑bedroom/1‑bath unit on the second floor
  • Two first‑floor 1‑bedroom units and the second‑floor 3‑bedroom unit each have separate utilities and their own furnace
  • One first‑floor unit is tenant occupied, while the other two units are vacant

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Parking Lot & Garage HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

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
33.3%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

Demographics for 13027, NY

34,507
Population
15,276
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
515
Density / Sq Mi
$91,369
Median Household Income
$55,805
Median Earnings
$1,258
Median Rent
$226,500
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 first-floor 1-bedroom units and one second-floor 3-bedroom unit, each with separate utilities and furnaces.
Where is this triplex located?
The property is located at 23 Grove St Van Buren, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 3‑unit triplex built in 1900: two 1‑bedroom/1‑bath units on the first floor plus one 3‑bedroom/1‑bath unit on the second floor; Two first‑floor 1‑bedroom units and the second‑floor 3‑bedroom unit each have separate utilities and their own furnace; One first‑floor unit is tenant occupied, while the other two units are vacant
More about this property
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