Two-Story Residential Income
For Sale
Contact for pricing
13068 Main St, Alden, NY 14004
The rear rental unit has two bedrooms, in-unit laundry, included appliances, and off-street parking.
Property Size1,912 SF
Price / SF$0.78
Days on Market51
Property Features for 13068 Main St
General Information
Standard status
Active
Size
1,912 SF
Total Parking Spaces
2
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Amenities
in-unit laundry
Building Details
Year Built
1839
Listing Agency:
KELLER WILLIAMS REALTY WNY
Listed By:
John Gatas · License #10301217315
(716) 832-3300
Source:
Gosenproperties
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 4:10PM
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 KELLER WILLIAMS REALTY WNY
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Investment Insights
Based on property information with market context.
This residential income property includes a two-story rear rental unit with two bedrooms and 1.5 bathrooms. The remodeled unit has tall ceilings, natural light, a kitchen with appliances, and first-floor laundry with a washer and dryer. Two off-street parking spaces are provided.
The property dates to 1839. Lawn care, snow removal, trash removal, and internet are included with the rental.
The property dates to 1839. Lawn care, snow removal, trash removal, and internet are included with the rental.
Key Highlights
- Remodeled rear unit with 2 bedrooms and 1.5 bathrooms
- Two‑story layout with tall ceilings
- Kitchen appliances and first‑floor in‑unit laundry with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,780
$220.8K
Cap Rate 7%
$157,700
$157.7K
Cap Rate 9%
$122,656
$122.7K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$31.0K $16.20/SF
− Vacancy
−$10.9K −$5.70/SF
EGI
$20.1K $10.50/SF
− OpEx
−$9.0K −$4.72/SF
NOI
$11.0K $5.77/SF
Area
Erie County, NY
Vacancy
35.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,780
Cap Rate 7%
$157,700
Cap Rate 9%
$122,656
Alternative Uses
Best Use
Apartment 5plus
$157.7K
$138.0K – $184.0K
NOI $11,039 @ 7.0% cap · market cap 735.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.0K
$365.7K – $487.6K
NOI $29,258 @ 7.0% cap · market cap 1,950.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
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Business Placement
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The rear rental unit has two bedrooms, in-unit laundry, included appliances, and off-street parking.
Where is this residential income property located?
The property is located at 13068 Main St Alden, NY.
What are key features of this property?
This property features: Remodeled rear unit with 2 bedrooms and 1.5 bathrooms; Two‑story layout with tall ceilings; Kitchen appliances and first‑floor in‑unit laundry with washer and dryer
