1856 POPLAR RIDGE RD Venice, NY 13026
Four-unit multi-family building with updated windows, electric service, and well pump on a flat lot with ample parking.
- Added:
- Jul 6, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 9 at 2:53 am
Property Features for 1856 POPLAR RIDGE RD
General Information
- Standard status
- Active
- Size
- 3,472 SF
- Lot size
- 1.50 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1860
Listing office Berkshire Hathaway HomeServices CNY Realty Fayetteville
Listing date Jul 6, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices CNY Realty Fayetteville
Investment Insights
Based on property information with market context.
The property is located in Venice, NY, just minutes from Aurora and Cayuga Lake, with nearby access to public lake areas and popular Finger Lakes destinations. It is within walking distance of Southern Cayuga Middle/High School, and a short drive to Ithaca.
Directions are provided from Ithaca via State Route 34B to Poplar Ridge Rd, where the property is the first house on the right.
Key Highlights
- 4‑unit multi‑family building built in 1860 with three rental apartments plus a spacious owner’s unit
- Set on a flat 1.5‑acre lot with ample parking for additional outdoor use
- Updates include newer windows (2021), new house roof (2025), and garage roof (2024)
Local 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 | $47.9k | $13.80 |
| − Vacancy | −$3.1k | −$0.90 |
| EGI | $44.8k | $12.90 |
| − OpEx | −$13.4k | −$3.87 |
| NOI | $31.4k | $9.03 |
