Updated Two-Unit Duplex
New
For Sale
$139,900
17 Maple Avenue, Springville, NY 14141
Residential, Springville, NY
Property Size1,500 SF
Lot Size0.18 Acres
Price / SF$93.27
Days on Market3
Property Features for 17 Maple Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 3, Bathroom 1
Patio and Porch features
Porch
Appliances
GasWaterHeater
Subdivision
Holland Land Company's Su
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Springville-Griffith Institute
Middle school district
Springville-Griffith Institute
High school district
Springville-Griffith Institute
Standard status
Active
APN
143801-335-160-0001-002-000
Size
1,500 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
3253
Utilities
Heating system
Natural Gas, Hot Water(Heating), Baseboard
Water source
Public
Amenities
storage shed
front porch
garage access
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Varies
Building materials
VinylSiding
Roof type
Metal
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Daneen M Vincent · License #30VI0843028
(716) 698-4320
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 4:06PM
MLS# B1708779
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.
Located at 17 Maple Avenue in Springville, this 1,500-square-foot duplex contains two rental units with three bedrooms and two bathrooms overall. The building dates to 1940 and features vinyl siding, a metal roof, natural-gas hot-water baseboard heating, and public water service. Interior finishes include a mix of carpet and laminate flooring, wood cabinetry, and equipped kitchens. The lower apartment has a dishwasher and direct access to the garage, while the upper unit includes tongue-and-groove wall paneling.
Recent improvements include a new metal roof in 2026 and a new boiler in 2025. The 0.1838-acre parcel also includes a front porch, yard, updated landscaping, and a storage shed. Its village setting places the property within walking distance of schools, parks, restaurants, a movie theater, and local gyms.
Recent improvements include a new metal roof in 2026 and a new boiler in 2025. The 0.1838-acre parcel also includes a front porch, yard, updated landscaping, and a storage shed. Its village setting places the property within walking distance of schools, parks, restaurants, a movie theater, and local gyms.
Key Highlights
- Two‑unit duplex with 1,500 square feet, three bedrooms, and two bathrooms
- New metal roof installed in 2026
- New boiler installed in 2025
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
$9,645
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
6.89%
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%
$192,900
$192.9K
Cap Rate 7%
$137,786
$137.8K
Cap Rate 9%
$107,167
$107.2K
Market Conditions
NOI Build-Up for 1,500 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
$20.7K $13.80/SF
− Vacancy
−$6.9K −$4.61/SF
EGI
$13.8K $9.19/SF
− OpEx
−$4.1K −$2.76/SF
NOI
$9.6K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$192,900
Cap Rate 7%
$137,786
Cap Rate 9%
$107,167
Alternative Uses
Best Use
Multifamily LT 5
$137.8K
$120.6K – $160.8K
NOI $9,645 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$123.7K
$108.3K – $144.4K
NOI $8,661 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$327.9K
$286.9K – $382.6K
NOI $22,954 @ 7.0% cap · market cap 16.41%
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
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 14141, NY
7,585
Population
3,675
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
72.3 sq mi
ZIP Area
105
Density / Sq Mi
$71,837
Median Household Income
$48,453
Median Earnings
$738
Median Rent
$195,800
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 - Village property with refreshed interiors, separate living spaces, garage access, and a front porch.
Where is this duplex located?
The property is located at 17 Maple Avenue Springville, NY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,500 square feet, three bedrooms, and two bathrooms; New metal roof installed in 2026; New boiler installed in 2025
