Two-Unit Duplex with Separate
3061 Main Street, Yorkshire, NY 14173
For Sale
$254,900
Each residence has its own entrance and utility service, with laundry in both units.
Property Size2,326 SF
Days on Market8
Property Features for 3061 Main Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
laundry
full dry basement
lots of storage
fully fenced back yard
open floorplan
Building Details
Building Size
Year Built
Listing Agency:
Chubb-Aubrey Leonard Real Estate
Listed By:
Barbara S Zimmermann · License NY 40ZI1152685
(716) 998-1343
Source:
Griffith-realty
Added: Nov 7
Changed: Nov 13
Last Checked: Nov 12 at 4:32PM
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 Chubb-Aubrey Leonard Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a two-unit duplex, the property has separate entrances and utility service for each residence. The upper unit includes three bedrooms, laundry, and an open floor plan. The lower unit offers two bedrooms, laundry, and distinct living and dining rooms.
The 1917 building has vinyl siding and insulation. A full dry basement provides storage, and the backyard is fully fenced. The property is commercially zoned.
The 1917 building has vinyl siding and insulation. A full dry basement provides storage, and the backyard is fully fenced. The property is commercially zoned.
Key Highlights
- Two units, each with a separate entrance and utility service
- Upper residence: 3 bedrooms, laundry, and open floor plan
- Lower residence: 2 bedrooms, laundry, living room, and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,947
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,940
$298.9K
Cap Rate 7%
$213,529
$213.5K
Cap Rate 9%
$166,078
$166.1K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$23.7K $10.20/SF
− Vacancy
−$2.4K −$1.02/SF
EGI
$21.4K $9.18/SF
− OpEx
−$6.4K −$2.75/SF
NOI
$14.9K $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%
$298,940
Cap Rate 7%
$213,529
Cap Rate 9%
$166,078
Alternative Uses
Best Use
Multifamily LT 5
$213.5K
$186.8K – $249.1K
NOI $14,947 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$200.7K
$175.6K – $234.1K
NOI $14,047 @ 7.0% cap · market cap 5.51%
Theoretical Best
Healthcare Medical
$459.7K
$402.3K – $536.3K
NOI $32,180 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 14173, NY
386
Population
87
Households
4.4
Avg Household Size
46
Median Age
100%
High-School Grad
0.6 sq mi
ZIP Area
643
Density / Sq Mi
$58,194
Median Earnings
Market
Average Price Trend$/SF for Duplexes in Cattaraugus County, NY
Properties on Market for Duplexes in Cattaraugus County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance and utility service, with laundry in both units.
Where is this duplex located?
The property is located at 3061 Main Street Yorkshire, NY.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two units, each with a separate entrance and utility service; Upper residence: 3 bedrooms, laundry, and open floor plan; Lower residence: 2 bedrooms, laundry, living room, and dining room
