Two-Unit Multifamily Investment
For Sale
$74,900
Pending
13 Wall St, Auburn, NY 13021
Two-unit property with existing cash flow and value-add potential.
Days on Market102
Property Features for 13 Wall St
General Information
Standard status
Pending
Property subtype
Multi Family
Building Details
Year Built
1920
Listing Agency:
(315) 277-1687
Listed By:
Adam Hurd
(315) 277-1687
Source:
Elliman
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 23 at 11:09AM
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 Adam Hurd
Investment Insights
Based on property information with market context.
This property features two 2-bedroom units, generating a total monthly rent of $1,450. The property produces an estimated NOI of $12,882.50, translating to an approximate 17.2% cap rate. There is potential to increase rents over time. The property is available to purchase as a bundle with another property. The combined portfolio features a combined NOI of over $30,500, an approximate 13.7% portfolio cap rate, strong tenant history and occupancy, and value-add potential for future increases and growth. The bike score is 44, indicating it is somewhat bikeable, and the walk score is 52, indicating it is somewhat walkable.
Key Highlights
- High Cap Rate: Approximately 17.2% cap rate based on current financials.
- Strong Cash Flow**: Existing monthly rental income of $1,450 and an estimated NOI of $12,882.50.
- Investment Opportunity: Ideal for investors seeking immediate cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
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 - Two-unit property with existing cash flow and value-add potential.
Where is this duplex located?
The property is located at 13 Wall St Auburn, NY.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: High Cap Rate: Approximately **17.2% cap rate** based on current financials.; Strong Cash Flow**: Existing monthly rental income of $1,450 and an estimated NOI of $12,882.50.; Investment Opportunity: Ideal for investors seeking immediate cash flow.
