Victorian 4-Unit Income
1856 Poplar Ridge Road Aurora, NY 13026
1856 Poplar Ridge Road, Aurora, NY, 13026
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For Sale
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Victorian 4-unit home with three upper units plus a main floor, set on a large flat lot.
Property Size3,472 SF
Price / SF$115.21
Days on Market111
Property Features for 1856 Poplar Ridge Road
General Information
- Standard status
- Active
- Size
- 3,472 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1860
Listing agency
Berkshire Hathaway HomeServices CNY Realty Fayetteville
Listed by
Thalia Collis · License #NY 30VI826997
Source
Crexi
Added: Apr 3 Updated: Jul 22 at 9:24AM Checked: Jul 22 at 9:24AM
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 Berkshire Hathaway HomeServices CNY Realty Fayetteville
Investment Insights
Based on property information with market context.
This Victorian 4-unit home is configured with a main floor and three additional units on the upper levels, creating flexible options for owner-occupancy or fully income-driven usage. The property sits on a large, flat lot with space for vehicles such as a boat or RV.
The home is located about 5 minutes from the heart of Aurora and near Cayuga Lake. Public-facing nearby draws referenced include the Aurora Inn, McKenzie Childs, numerous wineries, and state parks with public beaches.
Depending on how it’s set up, the property has been used in ways that can support short-term rental operations or renting multiple units. With some adjustments, it is described as potentially convertible back to a single-family layout.
The home is located about 5 minutes from the heart of Aurora and near Cayuga Lake. Public-facing nearby draws referenced include the Aurora Inn, McKenzie Childs, numerous wineries, and state parks with public beaches.
Depending on how it’s set up, the property has been used in ways that can support short-term rental operations or renting multiple units. With some adjustments, it is described as potentially convertible back to a single-family layout.
Key Highlights
- Victorian 4‑unit home with three upper units plus a main floor
- Year built: 1860
- Main floor setup can support living while renting the three upper units
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 |
3,472 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.0K
$392.0K – $522.7K
NOI $31,359 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,943 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$769.5K
$673.3K – $897.7K
NOI $53,863 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Victorian 4-unit home with three upper units plus a main floor, set on a large flat lot.
Where is this quadplex located?
The property is located at 1856 Poplar Ridge Road Aurora, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Victorian 4‑unit home with three upper units plus a main floor; Year built: 1860; Main floor setup can support living while renting the three upper units
