Building Details

Year Built 1920

Listing Agency: Signature Properties

Listed By: Julie M. (Jules) Costello · License #10401282603 Show Phone

Source: Skinnercnyrealty

Added: Aug 9 Changed: Sep 16 Last Checked: Oct 7 at 2:02PM

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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 Signature Properties

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Investment Insights

Based on property information with market context.

This two-unit duplex at 216 Court St in Little Valley, NY, was built in 1920 and occupies a corner lot. Each unit has its own laundry area, while two covered front porches provide separate sheltered entry spaces. Off-street parking and a yard add practical exterior features for the property.

The location is rated 27 for walkability and 42 for bikeability, indicating a car-dependent setting with some bike access. The property is offered for sale as a duplex and provides a straightforward two-unit configuration with dedicated laundry and outdoor parking.

Key Highlights

• Two‑unit duplex built in 1920
• Corner‑lot setting at 216 Court St, Little Valley, NY 14755
• Two covered front porches

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,491

Cap Rate

7.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$289,820 $289.8K

Cap Rate 7%

$207,014 $207.0K

Cap Rate 9%

$161,011 $161.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,255 SF

Gross rent

$23.0K $10.20/SF

− Vacancy

−$2.3K −$1.02/SF

EGI

$20.7K $9.18/SF

− OpEx

−$6.2K −$2.75/SF

NOI

$14.5K $6.43/SF

Area

Cattaraugus County, NY

Vacancy

10.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$289,820

Cap Rate 7%

$207,014

Cap Rate 9%

$161,011

Alternative Uses

Best Use

Multifamily LT 5

$207.0K

$181.1K – $241.5K (±1% cap)

NOI $14,491 @ 7.0% cap · market cap 7.28%

Second Best

Apartment 5plus

$194.5K

$170.2K – $227.0K (±1% cap)

NOI $13,618 @ 7.0% cap · market cap 6.84%

Theoretical Best

Healthcare Medical

$445.7K

$390.0K – $520.0K (±1% cap)

NOI $31,197 @ 7.0% cap · market cap 15.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Electrical Service Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

Explore this area Business Placement

Demographics for 14755, NY

2,855

Population

1,487

Households

1.9

Avg Household Size

44

Median Age

15%

College-Educated

89%

High-School Grad

73.9 sq mi

ZIP Area

39

Density / Sq Mi

$61,346

Median Household Income

$39,316

Median Earnings

$694

Median Rent

$116,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Each unit offers private laundry, covered outdoor entry space, and off-street parking.

Where is this duplex located?

The property is located at 216 Court St Little Valley, NY.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Two‑unit duplex built in 1920; Corner‑lot setting at 216 Court St, Little Valley, NY 14755; Two covered front porches