Historic Triplex with
For Sale
$389,999
13092 Quaker Street, Collins, NY 14034
Residential, Collins, NY
Property Size3,196 SF
Lot Size1.58 Acres
Price / SF$122.03
Days on Market23
Property Features for 13092 Quaker Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Agricultural
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 6, Basement, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 5
Patio and Porch features
Patio, Deck
Exterior features
Deck, Patio
Fireplace
1
Appliances
GasWaterHeater
Lot features
Agricultural, Irregular Lot
Elementary school
Gowanda Elementary
Middle school
Gowanda Middle
High school
Gowanda High
Elementary school district
Gowanda
Middle school district
Gowanda
High school district
Gowanda
Directions
Located at 13092 Quaker Road in Collins, New York, 14034. Just North of Quaker St and Lenox Rd.
Subdivision
Collins-143689
Standard status
Active
APN
143689-316-000-0003-005-000
Size
3,196 SF
Lot size
1.58 Acres
Taxes and HOA fees
Tax Annual Amount
4820
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Water source
Well
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Vinyl, Carpet, Tile, Varies
Building materials
Frame, VinylSiding
Roof type
Asphalt
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #10311209448
(404) 388-9441
Added: Sep 1
Changed: Sep 15
Last Checked: Sep 23 at 12:06AM
MLS# B1711464
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1880 farmhouse is configured as a triplex, with a main house accompanied by upper and lower rental units. The three areas can be reconnected to create one larger residence, providing flexibility in how the improvements are used. Interior finishes include hardwood, tile, carpet, and vinyl flooring, while baseboard and hot-water heating are supplied by natural gas. The property also includes a fireplace, deck, patio, asphalt roof, and vinyl siding.
The listing covers a 1.58-acre lot with a barn. Water is provided by a private well, and wastewater service is through a septic tank. An adjoining 43.87 acres is identified as available separately. The listed parcel has not yet been formally subdivided, and the property boundaries are depicted on a seller-provided survey.
The listing covers a 1.58-acre lot with a barn. Water is provided by a private well, and wastewater service is through a septic tank. An adjoining 43.87 acres is identified as available separately. The listed parcel has not yet been formally subdivided, and the property boundaries are depicted on a seller-provided survey.
Key Highlights
- Triplex configuration with a main house and upper and lower rental units
- 1880 farmhouse with a fireplace and mixed hardwood, tile, carpet, and vinyl flooring
- 1.58‑acre lot included with the listing
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
$20,549
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
5.27%
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%
$410,980
$411.0K
Cap Rate 7%
$293,557
$293.6K
Cap Rate 9%
$228,322
$228.3K
Market Conditions
NOI Build-Up for 3,196 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
$44.1K $13.80/SF
− Vacancy
−$14.7K −$4.61/SF
EGI
$29.4K $9.19/SF
− OpEx
−$8.8K −$2.76/SF
NOI
$20.5K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /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%
$410,980
Cap Rate 7%
$293,557
Cap Rate 9%
$228,322
Alternative Uses
Best Use
Multifamily LT 5
$293.6K
$256.9K – $342.5K
NOI $20,549 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$263.6K
$230.7K – $307.6K
NOI $18,453 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$698.7K
$611.3K – $815.1K
NOI $48,906 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 14034, NY
3,743
Population
865
Households
4.3
Avg Household Size
40
Median Age
15%
College-Educated
87%
High-School Grad
24.1 sq mi
ZIP Area
155
Density / Sq Mi
$61,384
Median Household Income
$40,997
Median Earnings
$921
Median Rent
$150,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Rental property with a barn, outdoor living areas, well water, and septic service.
Where is this triplex located?
The property is located at 13092 Quaker Street Collins, NY.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: Triplex configuration with a main house and upper and lower rental units; 1880 farmhouse with a fireplace and mixed hardwood, tile, carpet, and vinyl flooring; 1.58‑acre lot included with the listing
