Three-Unit Multifamily
131 Bank Street, Batavia, NY 14020
For Sale
New
$249,900
Residential, Batavia, NY
Property Size2,571 SF
Lot Size0.38 Acres
Price / SF$97.20
Days on Market6
Property Features for 131 Bank Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fencing
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
Reliant Real Estate
(585) 344-4663
Listed By:
Lynn A Bezon · License NY 30BE1100051
(585) 746-6253
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# B1727504
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.
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Investment Insights
Based on property information with market context.
At 131 Bank Street in Batavia, this three-unit multifamily property contains 2,571 square feet on a 0.3788-acre lot. The unit mix includes two one-bedroom apartments on the lower level and a larger two-bedroom apartment upstairs. Two apartments have in-unit laundry, while the third has access to laundry hookups. Separate gas and electric meters serve each unit.
Property improvements include a new roof, three new furnaces, updated hot water tanks, a replacement driveway, and metal fencing. A porch, basement, and sizable parking area are also part of the property. Built in 1900, the building has vinyl siding and forced-air, natural-gas heating.
Property improvements include a new roof, three new furnaces, updated hot water tanks, a replacement driveway, and metal fencing. A porch, basement, and sizable parking area are also part of the property. Built in 1900, the building has vinyl siding and forced-air, natural-gas heating.
Key Highlights
- Three apartments: two lower‑level one‑bedroom units and an upper two‑bedroom unit
- 2,571 square feet on a 0.3788‑acre lot
- Two apartments have laundry; the third has access to hookups
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include a two-bedroom upper unit and two one-bedroom units, with laundry facilities in two apartments.
Where is this triplex located?
The property is located at 131 Bank Street 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; 2,571 square feet on a 0.3788‑acre lot; Two apartments have laundry; the third has access to hookups
