Updated Two-Unit
For Sale
$129,900
Pending
131 VanAnden, Auburn, NY 13021
Includes one two-bedroom residence and one one-bedroom residence in Auburn.
Property Size1,472 SF
Days on Market127
Property Features for 131 VanAnden
General Information
Standard status
Pending
Size
1,472 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,032
Building Details
Building Size
1,472 SF
Year Built
1890
Stories
2
Units
2
Listing Agency:
CROWNREALTYNY.COM
(315) 729-2309
Listed By:
John C. Triska
(315) 729-2309
Source:
Elliman
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 30 at 3:40PM
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 CROWNREALTYNY.COM
Investment Insights
Based on property information with market context.
This duplex at 131 VanAnden in Auburn, New York, contains two residential units: one with two bedrooms and another with one bedroom. The property was built in 1890 and has updates to the roof, windows, siding, and furnaces.
The location records a Walk Score of 78, classified as Very Walkable, and a Bike Score of 48, classified as Somewhat Bikeable. The combination of a two-unit layout and varied bedroom configurations provides a straightforward residential income property format.
The location records a Walk Score of 78, classified as Very Walkable, and a Bike Score of 48, classified as Somewhat Bikeable. The combination of a two-unit layout and varied bedroom configurations provides a straightforward residential income property format.
Key Highlights
- Two‑unit duplex with one two‑bedroom unit and one one‑bedroom unit
- Roof, windows, siding, and furnaces have been updated
- Built in 1890
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
$11,847
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
9.12%
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%
$236,940
$236.9K
Cap Rate 7%
$169,243
$169.2K
Cap Rate 9%
$131,633
$131.6K
Market Conditions
NOI Build-Up for 1,472 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
$23.0K $15.60/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$21.5K $14.63/SF
− OpEx
−$9.7K −$6.58/SF
NOI
$11.8K $8.05/SF
Area
Cayuga County, NY
Vacancy
6.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$236,940
Cap Rate 7%
$169,243
Cap Rate 9%
$131,633
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.2K – $221.6K
NOI $13,295 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$169.2K
$148.1K – $197.5K
NOI $11,847 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$326.2K
$285.5K – $380.6K
NOI $22,836 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
638
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 - Includes one two-bedroom residence and one one-bedroom residence in Auburn.
Where is this duplex located?
The property is located at 131 VanAnden Auburn, NY.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit duplex with one two‑bedroom unit and one one‑bedroom unit; Roof, windows, siding, and furnaces have been updated; Built in 1890
