Village Duplex with Detached
For Sale
$589,900
21 West Elizabeth Street, Skaneateles, NY 13152
Two-apartment home with renovated kitchen, updated bath, porches, and a partially fenced backyard.
Property Size1,746 SF
Days on Market69
Property Features for 21 West Elizabeth Street
General Information
Standard status
Active
Size
1,746 SF
Total Parking Spaces
1
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
a few updates
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,430
Amenities
first-floor laundry
front porch
enclosed porch
Building Details
Building Size
1,746 SF
Year Built
1865
Buildings
2
Listing Agency:
L Wilson Realty
Listed By:
Lynette A. Wilson · License #37WI0985141
(315) 664-0026
Source:
Griffith-realty
Added: Aug 10
Changed: Oct 8
Last Checked: Oct 16 at 4:12PM
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 L Wilson Realty
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Investment Insights
Based on property information with market context.
Built in 1865, this duplex includes a first-floor apartment with pine flooring in the living room, dining room, and bedrooms. The kitchen has updated cabinets, countertops, flooring, and appliances, while the bathroom includes a walk-in tub and the first floor offers laundry. The upper apartment provides two bedrooms, a living room, kitchen appliances, and a new washer and dryer.
Outdoor features include a large front porch, enclosed side porch, partially fenced backyard, and detached one-car garage. The main septic line from the basement to the street was professionally completed in 2014. Tops supermarket is located behind the backyard fence, with the grocery store approximately two minutes away on foot. Downtown Skaneateles Lake is approximately five minutes away and includes boutiques, restaurants, offices, salons, and other local businesses. The owner pays water, and showings require 48-hour notice.
Outdoor features include a large front porch, enclosed side porch, partially fenced backyard, and detached one-car garage. The main septic line from the basement to the street was professionally completed in 2014. Tops supermarket is located behind the backyard fence, with the grocery store approximately two minutes away on foot. Downtown Skaneateles Lake is approximately five minutes away and includes boutiques, restaurants, offices, salons, and other local businesses. The owner pays water, and showings require 48-hour notice.
Key Highlights
- Duplex with two separate apartments
- First‑floor kitchen renovated with new cabinets, countertops, flooring, and appliances
- Upper apartment includes two bedrooms and a new washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,578
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,560
$371.6K
Cap Rate 7%
$265,400
$265.4K
Cap Rate 9%
$206,422
$206.4K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$28.3K $16.20/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$26.5K $15.20/SF
− OpEx
−$8.0K −$4.56/SF
NOI
$18.6K $10.64/SF
Area
Onondaga County, NY
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,560
Cap Rate 7%
$265,400
Cap Rate 9%
$206,422
Alternative Uses
Best Use
Multifamily LT 5
$265.4K
$232.2K – $309.6K
NOI $18,578 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$235.5K
$206.1K – $274.8K
NOI $16,485 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$303.4K
$265.5K – $354.0K
NOI $21,240 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
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Business Placement
Demographics for 13152, NY
7,696
Population
4,044
Households
1.9
Avg Household Size
52
Median Age
55%
College-Educated
96%
High-School Grad
63.3 sq mi
ZIP Area
122
Density / Sq Mi
$102,727
Median Household Income
$54,688
Median Earnings
$990
Median Rent
$427,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-apartment home with renovated kitchen, updated bath, porches, and a partially fenced backyard.
Where is this duplex located?
The property is located at 21 West Elizabeth Street Skaneateles, NY.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Duplex with two separate apartments; First‑floor kitchen renovated with new cabinets, countertops, flooring, and appliances; Upper apartment includes two bedrooms and a new washer and dryer
