Building Details

Building Size 2,705 SF

Year Built 1950

Stories 2

Units 4

Listing Agency: Howard Hanna d***@howardhanna.com Show Phone

Listed By: Darlene Maimone Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Aug 11 Last Checked: Aug 20 at 7:41AM

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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 Howard Hanna

Investment Insights

Based on property information with market context.

This property features a four-unit multi residence along with four storage units. The storage units can be utilized by current tenants or leased out, presenting an additional income opportunity. There is also the option to add more storage units, subject to town code verification. The property has newer kitchens, newer floors, and fresh paint. Current tenants are available for showings weeknights from 6-7pm or Saturdays and Sundays from 1-3pm, with 24 hours notice.

Key Highlights

• Four‑unit multi‑family residence.
• Four storage units included, with potential for additional units.**
• Newer kitchens.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$25,358

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.60%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$507,160 $507.2K

Cap Rate 7%

$362,257 $362.3K

Cap Rate 9%

$281,756 $281.8K

Market Conditions

NOI Build-Up for 2,705 SF 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.

Gross rent

$39.0K $14.40/SF

− Vacancy

−$2.7K −$1.01/SF

EGI

$36.2K $13.39/SF

− OpEx

−$10.9K −$4.02/SF

NOI

$25.4K $9.37/SF

Area

Wayne County, NY

Vacancy

7.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$507,160

Cap Rate 7%

$362,257

Cap Rate 9%

$281,756

Alternative Uses

Best Use

Self Storage

$362.3K

$317.0K – $422.6K (±1% cap)

NOI $25,358 @ 7.0% cap · market cap 8.60%

Second Best

Multifamily LT 5

$329.6K

$288.4K – $384.5K (±1% cap)

NOI $23,070 @ 7.0% cap · market cap 7.82%

Theoretical Best

Office A

$728.7K

$637.6K – $850.1K (±1% cap)

NOI $51,008 @ 7.0% cap · market cap 17.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Grocery & Convenience Store Spa & Massage Center Electrical Service Daycare Center

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

Location Intelligence

Trade Area within ½ mile

75

Businesses Nearby

Explore this area Business Placement

Demographics for 14568, NY

5,975

Population

2,668

Households

2.2

Avg Household Size

43

Median Age

33%

College-Educated

97%

High-School Grad

24.5 sq mi

ZIP Area

244

Density / Sq Mi

$103,750

Median Household Income

$54,575

Median Earnings

$924

Median Rent

$192,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residence with storage units and potential for expansion.

Where is this quadplex located?

The property is located at 2267 Walworth Marion Rd Walworth, NY.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Four‑unit multi‑family residence.; Four storage units included, with potential for additional units.**; Newer kitchens.