Two-Building Apartment
15 Chautauqua Street Fredonia, NY 14063
15 Chautauqua Street, Fredonia, NY, 14063
$849,900
For Sale
$849,900
Four-unit front building and 10-unit rear building total 14 apartments, with newer roofs, updated boilers, and hot water tanks.
Property Size7,542 SF
Price / SF$112.69
Days on Market81
Property Features for 15 Chautauqua Street
General Information
- Standard status
- Active
- Size
- 7,542 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1875
Listing agency
Premier Realty & Investments
(716) 679-7653
Listed by
Michael Heald · License #10401346664
(716) 679-7653
Source
Compass
Added: May 4 Updated: Jul 22 at 1:13PM Checked: Jul 22 at 1:13PM
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 Premier Realty & Investments
Investment Insights
Based on property information with market context.
This for-sale 14-unit apartment complex features two buildings: a front house with four apartments and a rear single-story building with 10 additional units. Across the property, there are seven studio apartments, three two-bedroom apartments, and four one-bedroom apartments. Several units have been renovated, and the complex includes major improvements such as newer roofs, updated boilers, and hot water tanks.
The front building’s four units are separately metered for gas and electric, supporting easier expense management for that portion of the property. The offering is described as just inside the Village of Fredonia, with convenient access to downtown shopping and restaurants, and it is also noted as being just minutes from SUNY Fredonia. The property is reported to have a strong rental history, with gross annual income exceeding $140,000.
The buildings are positioned to provide a straightforward multi-unit layout for long-term residential income operations at 15 Chautauqua Street, Pomfret, NY 14063.
The front building’s four units are separately metered for gas and electric, supporting easier expense management for that portion of the property. The offering is described as just inside the Village of Fredonia, with convenient access to downtown shopping and restaurants, and it is also noted as being just minutes from SUNY Fredonia. The property is reported to have a strong rental history, with gross annual income exceeding $140,000.
The buildings are positioned to provide a straightforward multi-unit layout for long-term residential income operations at 15 Chautauqua Street, Pomfret, NY 14063.
Key Highlights
- 14‑unit apartment complex in Fredonia with a 4‑unit front building and 10‑unit rear building
- Unit mix includes 7 studios, 4 one‑bedroom apartments, and 3 two‑bedroom apartments
- Gross annual income exceeds $140,000, supporting strong rental performance
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.5k | $15.84 |
| − Vacancy | −$15.6k | −$2.08 |
| EGI | $103.8k | $13.76 |
| − OpEx | −$46.7k | −$6.19 |
| NOI | $57.1k | $7.57 |
7,542 SF · lease $15.84/SF/yr · vacancy 13.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$815.7K
$713.7K – $951.6K
NOI $57,098 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,020 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Four-unit front building and 10-unit rear building total 14 apartments, with newer roofs, updated boilers, and hot water tanks.
Where is this apartment building located?
The property is located at 15 Chautauqua Street Fredonia, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 14‑unit apartment complex in Fredonia with a 4‑unit front building and 10‑unit rear building; Unit mix includes 7 studios, 4 one‑bedroom apartments, and 3 two‑bedroom apartments; Gross annual income exceeds $140,000, supporting strong rental performance
