Three-Unit Multifamily
For Sale
$199,900
Pending
202 Van Buren Street, Newark, NY 14513
Triplex with separately metered utilities and shared water service for streamlined management.
Property Size2,264 SF
Days on Market73
Property Features for 202 Van Buren Street
General Information
Standard status
Pending
Size
2,264 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,765
Building Details
Building Size
2,264 SF
Year Built
1900
Listing Agency:
Empire Realty Group
Listed By:
Keith B. Larwood · License #10401374636
(585) 895-2222
Source:
Griffith-realty
Added: Aug 7
Changed: Oct 18
Last Checked: Oct 16 at 5:05PM
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 Empire Realty Group
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Investment Insights
Based on property information with market context.
This three-unit residential income property, built in 1900, is configured as a triplex with separate utilities serving each unit. Water is the only shared utility identified, providing a straightforward operating setup for the property.
Located at 202 Van Buren St in Arcadia, New York, the property has a Walk Score of 23 and a Bike Score of 29, reflecting a car-dependent setting with some bike accessibility. The three-unit format provides a defined multifamily configuration for continued ownership or portfolio expansion.
Located at 202 Van Buren St in Arcadia, New York, the property has a Walk Score of 23 and a Bike Score of 29, reflecting a car-dependent setting with some bike accessibility. The three-unit format provides a defined multifamily configuration for continued ownership or portfolio expansion.
Key Highlights
- Three‑unit triplex configuration
- Separate utilities for each unit
- Water service is shared between units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,030
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,600
$340.6K
Cap Rate 7%
$243,286
$243.3K
Cap Rate 9%
$189,222
$189.2K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$35.3K $15.60/SF
− Vacancy
−$4.4K −$1.92/SF
EGI
$31.0K $13.68/SF
− OpEx
−$13.9K −$6.15/SF
NOI
$17.0K $7.52/SF
Area
Wayne County, NY
Vacancy
12.33%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,600
Cap Rate 7%
$243,286
Cap Rate 9%
$189,222
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.4K – $321.8K
NOI $19,309 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$243.3K
$212.9K – $283.8K
NOI $17,030 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$609.9K
$533.7K – $711.5K
NOI $42,692 @ 7.0% cap · market cap 21.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 14513, NY
13,459
Population
6,202
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
45.2 sq mi
ZIP Area
298
Density / Sq Mi
$61,117
Median Household Income
$37,790
Median Earnings
$1,027
Median Rent
$133,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with separately metered utilities and shared water service for streamlined management.
Where is this triplex located?
The property is located at 202 Van Buren Street Newark, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑unit triplex configuration; Separate utilities for each unit; Water service is shared between units
