Two-Unit Duplex with
New
For Sale
$169,900
34 North Lyon Street, Batavia, NY 14020
The property has two apartments, a fenced backyard, and natural woodwork throughout.
Property Size1,532 SF
Days on Market4
Property Features for 34 North Lyon Street
General Information
Standard status
Active
Size
1,532 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Gross Income
$21,900
Taxes and HOA fees
Annual Taxes
$4,780
Amenities
Natural Woodwork Throughout
Fully Fenced Backyard
Building Details
Building Size
1,532 SF
Year Built
1900
Tenancy
Single
Listing Agency:
RE/MAX Plus
Listed By:
Anthony I. Scorsone · License #10301201452
(585) 797-5815
Source:
Griffith-realty
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:26PM
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 RE/MAX Plus
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Investment Insights
Based on property information with market context.
This two-unit duplex in Batavia City has a two-bedroom apartment and a separate one-bedroom apartment on the upper floor. Natural woodwork is present throughout, and the backyard is fully fenced. The building dates to 1900.
The existing layout also supports reconfiguration as a single-family home with four bedrooms and two full bathrooms. The property is tenant occupied, and showings require 24 hours’ notice.
The existing layout also supports reconfiguration as a single-family home with four bedrooms and two full bathrooms. The property is tenant occupied, and showings require 24 hours’ notice.
Key Highlights
- Two apartments: one with two bedrooms and one with one bedroom
- Natural woodwork throughout the building
- Fully fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,068
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,360
$281.4K
Cap Rate 7%
$200,971
$201.0K
Cap Rate 9%
$156,311
$156.3K
Market Conditions
NOI Build-Up for 1,532 SF
Gross rent
$21.1K $13.80/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$20.1K $13.12/SF
− OpEx
−$6.0K −$3.94/SF
NOI
$14.1K $9.18/SF
Area
Genesee County, NY
Vacancy
4.94%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,360
Cap Rate 7%
$200,971
Cap Rate 9%
$156,311
Alternative Uses
Best Use
Multifamily LT 5
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$175.3K
$153.4K – $204.5K
NOI $12,269 @ 7.0% cap · market cap 7.22%
Theoretical Best
Warehouse
$1.42M
$1.24M – $1.66M
NOI $99,540 @ 7.0% cap · market cap 58.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
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 - The property has two apartments, a fenced backyard, and natural woodwork throughout.
Where is this duplex located?
The property is located at 34 North Lyon Street Batavia, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two apartments: one with two bedrooms and one with one bedroom; Natural woodwork throughout the building; Fully fenced backyard
