Historic Short-Term Rental Property with
For Sale
$864,900
15 Main Street, Bemus Point, NY 14712
MULTI_FAMILY - Other - Bemus Point, NY
Property Size3,604 SF
Lot Size0.18 Acres
Price / SF$239.98
Days on Market50
Property Features for 15 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Basement, Bedroom 6
Parking features
Open
Patio and Porch features
Patio, Deck, Porch
Interior features
ProgrammableThermostat
Exterior features
Awnings, Balcony, Barbecue, Deck, EnclosedPorch, FullyFenced, Porch, Patio
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
High school
Maple Grove Junior-Senior High
Elementary school district
Bemus Point
Middle school district
Bemus Point
High school district
Bemus Point
Directions
Left off Lakeside Dr, home is next to the library
Subdivision
Bemus Point-Village-063601
Standard status
Active
APN
063601-333-009-0001-004-000
Size
3,604 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
7391
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Well
Amenities
private porches
outdoor gathering areas
cozy gas fire pit
dedicated workspace
Building Details
Year built
1912
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Varies, Tile
Building materials
VinylSiding
Architectural style
Other
Listing Agency:
Century 21 Turner Brokers · Century 21 Real Estate
(716) 763-7506
Listed By:
Julie Barry · License #10401361166
(716) 397-3954
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 5 at 1:06AM
MLS# R1687370
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.
Investment Insights
Based on property information with market context.
15 Main Street is a historic short-term rental property built in 1912 on a 0.1788-acre lot with 3,604 SF of space. The residence includes 6 bedrooms and 4 bathrooms across 4 rental units, providing flexibility for groups and visiting parties. The main layout is paired with an additional studio rental, which includes a dedicated workspace, a private porch, and a gas fire pit for guest use.
Comfort features include forced-air heating with natural gas and central air cooling, along with a programmable thermostat. Utilities include a well water source, and the property has a gas water heater. Exterior amenities and gathering spaces include awnings, balcony, deck, enclosed porch, porch, and patio, plus a fully fenced setting and open parking.
Location is a key part of the offering: the property is about one block from Chautauqua Lake, roughly three blocks to a public boat launch, and about 2 miles to the Long Point State Park beach. It is also within walking distance of village attractions, with nearby regional draws including the Chautauqua Institution, the National Comedy Center, and Midway State Park.
Comfort features include forced-air heating with natural gas and central air cooling, along with a programmable thermostat. Utilities include a well water source, and the property has a gas water heater. Exterior amenities and gathering spaces include awnings, balcony, deck, enclosed porch, porch, and patio, plus a fully fenced setting and open parking.
Location is a key part of the offering: the property is about one block from Chautauqua Lake, roughly three blocks to a public boat launch, and about 2 miles to the Long Point State Park beach. It is also within walking distance of village attractions, with nearby regional draws including the Chautauqua Institution, the National Comedy Center, and Midway State Park.
Key Highlights
- 3,604 SF historic short‑term rental property built in 1912
- Four rental units including a studio with dedicated workspace and private porch
- 6 bedrooms and 4 bathrooms across 4 units
Financial Insights For Multifamily LT 5
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 | $48.7k | $13.50 |
| − Vacancy | −$6.1k | −$1.68 |
| EGI | $42.6k | $11.82 |
| − OpEx | −$12.8k | −$3.55 |
| NOI | $29.8k | $8.27 |
3,604 SF · lease $13.50/SF/yr · vacancy 12.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.0K
$372.8K – $497.0K
NOI $29,821 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$389.8K
$341.1K – $454.8K
NOI $27,285 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.08M
$943.9K – $1.26M
NOI $75,511 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 14712, NY
3,242
Population
2,273
Households
1.4
Avg Household Size
51
Median Age
30%
College-Educated
99%
High-School Grad
25.8 sq mi
ZIP Area
126
Density / Sq Mi
$77,423
Median Household Income
$46,767
Median Earnings
$775
Median Rent
$219,000
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?
Short term rental property - Four rental units with central air and outdoor porches, positioned one block from Chautauqua Lake.
Where is this short term rental property located?
The property is located at 15 Main Street Bemus Point, NY.
What is the asking price?
The asking price for this property is $864,900.
What are key features of this property?
This property features: 3,604 SF historic short‑term rental property built in 1912; Four rental units including a studio with dedicated workspace and private porch; 6 bedrooms and 4 bathrooms across 4 units
