Renovated Duplex with Two
227 MILL ST Springville, NY 14141
227 MILL ST, Springville, NY, 14141
$359,900
For Sale
$359,900
Renovated duplex with a 4-bedroom lower unit and an updated upper apartment, each with an eat-in kitchen.
Property Size3,022 SF
Price / SF$119.09
Days on Market217
Property Features for 227 MILL ST
General Information
- Standard status
- Active
- Size
- 3,022 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1900
Listing agency
Howard Hanna WNY Inc.
(716) 560-6840
Listed by
Kathleen Komenda
(716) 560-6840
Source
Xome
Added: Dec 16, 2025 Updated: Jul 21 at 4:44AM Checked: Jul 21 at 4:44AM
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 WNY Inc.
Investment Insights
Based on property information with market context.
This renovated duplex has been completely redesigned and offers turn-key residential income potential. The lower unit features four bedrooms, 2.5 bathrooms, an eat-in kitchen with a separate dining area, a center island, quartz countertops, new cabinets, and stainless appliances. The bright living room includes cathedral ceilings and a sliding door to the back yard, with a foyer/entry room and large closet, plus first-floor laundry, new bathrooms, and a family room. The upper apartment also has a new eat-in kitchen with stainless appliances and includes a washer/dryer.
The renovations listed include roof, siding, windows, flooring, hot water tanks, kitchens, bathrooms, and more.
The property contains two residential units with updated kitchens and baths, plus in-unit laundry in the upper apartment and first-floor laundry in the lower unit.
The renovations listed include roof, siding, windows, flooring, hot water tanks, kitchens, bathrooms, and more.
The property contains two residential units with updated kitchens and baths, plus in-unit laundry in the upper apartment and first-floor laundry in the lower unit.
Key Highlights
- Renovated duplex with a 4‑bedroom lower unit plus an updated upper apartment
- Lower unit features an eat‑in kitchen with a center island, quartz countertops, new cabinets, and stainless appliances
- Upper apartment includes an eat‑in kitchen with stainless appliances and a washer/dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.7k | $13.80 |
| − Vacancy | −$13.9k | −$4.61 |
| EGI | $27.8k | $9.19 |
| − OpEx | −$8.3k | −$2.76 |
| NOI | $19.4k | $6.43 |
3,022 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.6K
$242.9K – $323.9K
NOI $19,431 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$249.3K
$218.1K – $290.8K
NOI $17,448 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$660.6K
$578.1K – $770.7K
NOI $46,244 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex with a 4-bedroom lower unit and an updated upper apartment, each with an eat-in kitchen.
Where is this duplex located?
The property is located at 227 MILL ST Springville, NY.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Renovated duplex with a 4‑bedroom lower unit plus an updated upper apartment; Lower unit features an eat‑in kitchen with a center island, quartz countertops, new cabinets, and stainless appliances; Upper apartment includes an eat‑in kitchen with stainless appliances and a washer/dryer
