Three-Unit Apartment
131 Bank St, Batavia, NY 14020
For Sale
New
$249,900
Two residences have their own laundry, and the third has laundry hookups.
Property Size2,571 SF
Days on Market2
Property Features for 131 Bank St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Reliant Real Estate
Listed By:
Lynn A Bezon · License NY 30BE1100051
(585) 746-6253
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:12PM
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 Reliant Real Estate
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Investment Insights
Based on property information with market context.
Located at 131 Bank St in Batavia, this three-unit apartment property was built in 1900. The layout includes two one-bedroom apartments on the lower level and a larger two-bedroom apartment above. Two units have their own laundry; hookups are available for the third.
Recent property work includes a roof replacement, three new furnaces, updated hot water tanks, a new driveway, and metal fencing. Separate gas and electric meters serve each apartment, and a large parking area provides space for residents and visitors.
Recent property work includes a roof replacement, three new furnaces, updated hot water tanks, a new driveway, and metal fencing. Separate gas and electric meters serve each apartment, and a large parking area provides space for residents and visitors.
Key Highlights
- Three apartments: two lower‑level one‑bedroom units and an upper two‑bedroom unit
- Three new furnaces and a replaced roof
- Updated hot water tanks, new driveway, and metal fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,590
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,800
$411.8K
Cap Rate 7%
$294,143
$294.1K
Cap Rate 9%
$228,778
$228.8K
Market Conditions
NOI Build-Up for 2,571 SF
Gross rent
$39.5K $15.36/SF
− Vacancy
−$2.1K −$0.80/SF
EGI
$37.4K $14.56/SF
− OpEx
−$16.8K −$6.55/SF
NOI
$20.6K $8.01/SF
Area
Genesee County, NY
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,800
Cap Rate 7%
$294,143
Cap Rate 9%
$228,778
Alternative Uses
Best Use
Multifamily LT 5
$337.3K
$295.1K – $393.5K
NOI $23,609 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$294.1K
$257.4K – $343.2K
NOI $20,590 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$756.9K
$662.3K – $883.1K
NOI $52,983 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 14020, NY
22,627
Population
10,930
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
66.3 sq mi
ZIP Area
341
Density / Sq Mi
$59,834
Median Household Income
$43,031
Median Earnings
$915
Median Rent
$148,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences have their own laundry, and the third has laundry hookups.
Where is this triplex located?
The property is located at 131 Bank St Batavia, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three apartments: two lower‑level one‑bedroom units and an upper two‑bedroom unit; Three new furnaces and a replaced roof; Updated hot water tanks, new driveway, and metal fencing
