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    Versatile Duplex with Income Potential Title is generated by Realmo AI

    144 GRIDLEYVILLE RD, Candor, NY 13743

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    For Sale
    $239,000

    Side-by-side duplex offers flexible living and investment opportunities.

    Type:Multi-Family
    Property size:
    2,580 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $92/SF
    Added:
    Apr 16, 2026
    Days on Market:
    46
    Last Refresh:
    May 28 at 11:18 pm

    Property Features for 144 GRIDLEYVILLE RD

    General Information

    Standard status
    Active
    Size
    2,580 SF
    Lot size
    1.00 Acre
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Alanie Woodin
    Alanie Woodin

    Listing agent Alanie Woodin License #10401354150

    Listing office RE/MAX In Motion

    Listing date Apr 16, 2026

    Source Xome

    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 RE/MAX In Motion

    HighLights

    • Versatile side‑by‑side duplex ideal for homeowners or investors.
    • Over an acre of land with private entrances and separate utilities.
    • Unit 1: Features 3 bedrooms, including a loft‑style with walk‑in closet, eat‑in kitchen, and laundry hookups.
    • Unit 2: Offers 2 bedrooms, stainless steel appliances, and a private patio.
    • Laundry hookups in both units.
    • Detached shed for storage.

    Overview

    This side-by-side duplex presents an opportunity for homeowners and investors alike. The property includes private entrances, separate utilities, and laundry hookups in each unit. Unit one features 3 bedrooms and 1 full bath. The eat-in kitchen has tile flooring, while the living room offers hardwood floors, a coal stove, and yard access. Two bedrooms, a full bath with washer and dryer hookups, and a loft-style third bedroom with a walk-in closet complete this unit. The second unit includes 2 bedrooms and 1 full bath. The kitchen is equipped with stainless steel appliances and tile flooring. The living area provides access to a private patio and yard space. Two bedrooms, a full bath with laundry hookups, and attic storage enhance the functionality of this unit. A detached shed offers storage for tools and equipment. The property provides options to live in one unit and rent the other, or lease both units.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Candor
    County
    Tioga
    State
    New York
    Longitude
    -76.426247
    Latitude
    42.224407

    Nearby Similar for Sale

    • $351,900
      5,784 SF

      Turnkey Investment Property Near Ithaca

      Income-producing property with apartments and trailers on 2.11 acres.
      675 & 677 Spencer Rd, Candor, NY 13743
      View Details
    • $239,000
      2,580 SF

      Versatile Duplex with Acreage

      Side-by-side duplex with private entrances, separate utilities, and flexible spaces.
      144 Gridleyville Crossing Road, Candor, NY 13743
      View Details

    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex offers flexible living and investment opportunities.
    Where is this duplex located?
    The property is located at 144 GRIDLEYVILLE RD Candor, NY.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Versatile side‑by‑side duplex ideal for homeowners or investors.; Over an acre of land with private entrances and separate utilities.; Unit 1: Features 3 bedrooms, including a loft‑style with walk‑in closet, eat‑in kitchen, and laundry hookups.
    (607) 277-1500
    We can help!
    Listing Contact
    Alanie Woodin
    Alanie Woodin
    Real Estate License ID: 10401354150
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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