Riverside Duplex with
For Sale
$150,000
Pending
26 S Main St, Batavia, NY 14020
Riverside duplex with two rented units, private outdoor space, and off-street parking on two asphalt driveways.
Property Size1,612 SF
Days on Market113
Property Features for 26 S Main St
General Information
Standard status
Pending
Size
1,612 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,770
Building Details
Building Size
1,612 SF
Year Built
1910
Units
2
Listing Agency:
Benchmark Realty Advisors, LLC
Listed By:
Michael A Bowler · License #10401380884
(585) 398-2140
Source:
Elliman
Added: Jul 12
Changed: Oct 25
Last Checked: Oct 30 at 4:41PM
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 Benchmark Realty Advisors, LLC
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Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate residential units, both currently rented. The lower unit is a 3-bedroom layout with a tub/shower full bath and full basement access with washer/dryer hookups. The upper unit is a 2-bedroom configuration with a full bath with shower. Each unit has its own outdoor space, including an upper deck, a lower deck, and a concrete patio beneath overlooking a backyard along the Tonawanda River.
The exterior is designed for low maintenance, featuring vinyl siding and a newer roof installed within the last three years. For utilities, rent includes gas and water, while electric is separately metered. The property is served by forced-air gas heat, gas hot water, fiberglass insulation, and public water and sewer.
Two asphalt driveways provide off-street parking. Gas heating is complemented by washer/dryer hookups in the basement for the lower unit, supporting in-home laundry convenience.
The exterior is designed for low maintenance, featuring vinyl siding and a newer roof installed within the last three years. For utilities, rent includes gas and water, while electric is separately metered. The property is served by forced-air gas heat, gas hot water, fiberglass insulation, and public water and sewer.
Two asphalt driveways provide off-street parking. Gas heating is complemented by washer/dryer hookups in the basement for the lower unit, supporting in-home laundry convenience.
Key Highlights
- Riverside duplex built in 1910 with both units currently rented.
- Lower unit: 3 bedrooms with tub/shower full bath and full basement access with washer/dryer hookups.
- Upper unit: 2 bedrooms with full bath and shower, plus private outdoor space on an upper deck.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,910
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,200
$258.2K
Cap Rate 7%
$184,429
$184.4K
Cap Rate 9%
$143,444
$143.4K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$24.8K $15.36/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$23.5K $14.56/SF
− OpEx
−$10.6K −$6.55/SF
NOI
$12.9K $8.01/SF
Area
Genesee County, NY
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,200
Cap Rate 7%
$184,429
Cap Rate 9%
$143,444
Alternative Uses
Best Use
Multifamily LT 5
$211.5K
$185.0K – $246.7K
NOI $14,803 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$184.4K
$161.4K – $215.2K
NOI $12,910 @ 7.0% cap · market cap 8.61%
Theoretical Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,738 @ 7.0% cap · market cap 69.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
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Business Placement
Demographics for 14020, NY
22,627
Population
10,930
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
66.3 sq mi
ZIP Area
341
Density / Sq Mi
$59,834
Median Household Income
$43,031
Median Earnings
$915
Median Rent
$148,100
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 - Riverside duplex with two rented units, private outdoor space, and off-street parking on two asphalt driveways.
Where is this duplex located?
The property is located at 26 S Main St Batavia, NY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Riverside duplex built in 1910 with both units currently rented.; Lower unit: 3 bedrooms with tub/shower full bath and full basement access with washer/dryer hookups.; Upper unit: 2 bedrooms with full bath and shower, plus private outdoor space on an upper deck.
