Duplex With Two-Car
For Sale
$164,500
326 Central Avenue, Silver Creek, NY 14136
Residential, Silver Creek, NY
Property Size1,920 SF
Lot Size0.17 Acres
Price / SF$85.68
Days on Market49
Property Features for 326 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
On Street
Patio and Porch features
Porch, Deck
Interior features
SlidingGlassDoors
Exterior features
Deck
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Silver Creek
Middle school district
Silver Creek
High school district
Silver Creek
Subdivision
Silver Creek-Village-064603
Standard status
Active
APN
064603-032-018-0005-021-000
Size
1,920 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
3531
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
fireplace
deck
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Varies, Hardwood
Building materials
Stucco, VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
MLS Nation Realty LLC
(888) 657-4968
Listed By:
Thomas J Mazzone · License #10491213404
(716) 310-3102
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 30 at 4:06AM
MLS# B1698171
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex, built in 1930, offers a two-bedroom lower residence and a one-bedroom upper unit with potential for an additional bedroom. The lower level has an open living and dining arrangement, a gas fireplace, kitchen island, included appliances, stone detailing, two bedrooms, and sliding doors opening to a rear deck. The upper apartment includes an eat-in kitchen and in-unit laundry. A two-car garage, porch, basement, and on-street parking add practical utility.
Recent improvements include a 2025 roof replacement, vinyl siding, newer windows, PVC and copper plumbing, basement drain tile, updated electrical service, and a water heater and furnace installed less than 10 years ago. The property has natural-gas forced-air heat, central air, public water, and an asphalt roof. Located at 326 Central Avenue in Silver Creek, the duplex is minutes from Sunset Bay and Hidaway Bay Resort. The month-to-month upper-unit tenant would like to remain.
Recent improvements include a 2025 roof replacement, vinyl siding, newer windows, PVC and copper plumbing, basement drain tile, updated electrical service, and a water heater and furnace installed less than 10 years ago. The property has natural-gas forced-air heat, central air, public water, and an asphalt roof. Located at 326 Central Avenue in Silver Creek, the duplex is minutes from Sunset Bay and Hidaway Bay Resort. The month-to-month upper-unit tenant would like to remain.
Key Highlights
- 1,920‑square‑foot duplex on a 0.1653‑acre lot
- Two‑bedroom lower unit plus one‑bedroom upper apartment with potential for another bedroom
- Two‑car garage, rear deck, porch, basement, and on‑street parking
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
$14,536
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
8.84%
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%
$290,720
$290.7K
Cap Rate 7%
$207,657
$207.7K
Cap Rate 9%
$161,511
$161.5K
Market Conditions
NOI Build-Up for 1,920 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
$30.4K $15.84/SF
− Vacancy
−$4.0K −$2.08/SF
EGI
$26.4K $13.76/SF
− OpEx
−$11.9K −$6.19/SF
NOI
$14.5K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
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%
$290,720
Cap Rate 7%
$207,657
Cap Rate 9%
$161,511
Alternative Uses
Best Use
Multifamily LT 5
$227.0K
$198.6K – $264.8K
NOI $15,887 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$207.7K
$181.7K – $242.3K
NOI $14,536 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$574.7K
$502.9K – $670.5K
NOI $40,228 @ 7.0% cap · market cap 24.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 14136, NY
5,029
Population
2,699
Households
1.9
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
207
Density / Sq Mi
$68,875
Median Household Income
$44,199
Median Earnings
$928
Median Rent
$143,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property includes separate living spaces, a deck, and an adaptable upper-level layout.
Where is this duplex located?
The property is located at 326 Central Avenue Silver Creek, NY.
What is the asking price?
The asking price for this property is $164,500.
What are key features of this property?
This property features: 1,920‑square‑foot duplex on a 0.1653‑acre lot; Two‑bedroom lower unit plus one‑bedroom upper apartment with potential for another bedroom; Two‑car garage, rear deck, porch, basement, and on‑street parking
