Updated Four-Unit
2097 Sherman Avenue, North Collins, NY 14111
For Sale
$250,000
Residential, North Collins, NY
Property Size2,683 SF
Lot Size0.29 Acres
Price / SF$93.18
Days on Market53
Property Features for 2097 Sherman Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
coin-op laundry
in-unit laundry
storage sheds
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 668-7000
Listed By:
John M Fox · License #40FO1013405
(716) 481-6464
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 7 at 5:06PM
MLS# B1713145
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,683-square-foot quadplex includes three updated one-bedroom, one-bath units on the lower level and a three-bedroom, one-bath residence upstairs. The upper unit features a bright living room, formal dining room, and in-unit laundry, while the lower units offer storage and access to a shared coin-operated laundry area. Seller-owned appliances and laundry equipment convey with the property, along with a backup generator and maintenance materials.
The building sits on 0.2911 acres and provides five off-street parking spaces, two storage sheds, and a block-and-brick exterior with metal roofing. Improvements include electrical work, plumbing components and drains, furnaces, water tanks, a boiler, laundry equipment, and appliances. A long-time property manager and maintenance professional may be available to continue assisting with operations.
The building sits on 0.2911 acres and provides five off-street parking spaces, two storage sheds, and a block-and-brick exterior with metal roofing. Improvements include electrical work, plumbing components and drains, furnaces, water tanks, a boiler, laundry equipment, and appliances. A long-time property manager and maintenance professional may be available to continue assisting with operations.
Key Highlights
- Four‑unit configuration with three 1‑bedroom units and one 3‑bedroom unit
- 2,683 square feet on a 0.2911‑acre lot
- Five off‑street parking spaces and two storage sheds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,251
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,020
$345.0K
Cap Rate 7%
$246,443
$246.4K
Cap Rate 9%
$191,678
$191.7K
Market Conditions
NOI Build-Up for 2,683 SF
Gross rent
$37.0K $13.80/SF
− Vacancy
−$12.4K −$4.61/SF
EGI
$24.6K $9.19/SF
− OpEx
−$7.4K −$2.76/SF
NOI
$17.3K $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 Rate 5%
$345,020
Cap Rate 7%
$246,443
Cap Rate 9%
$191,678
Alternative Uses
Best Use
Multifamily LT 5
$246.4K
$215.6K – $287.5K
NOI $17,251 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$221.3K
$193.6K – $258.2K
NOI $15,491 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,056 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 14111, NY
3,198
Population
1,390
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
93%
High-School Grad
35.6 sq mi
ZIP Area
90
Density / Sq Mi
$79,474
Median Household Income
$52,808
Median Earnings
$903
Median Rent
$177,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Erie County, NY
Properties on Market for Quadplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with varied layouts, on-site laundry, storage, and off-street parking in North Collins.
Where is this quadplex located?
The property is located at 2097 Sherman Avenue North Collins, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four‑unit configuration with three 1‑bedroom units and one 3‑bedroom unit; 2,683 square feet on a 0.2911‑acre lot; Five off‑street parking spaces and two storage sheds
