Two-Home Duplex
For Sale
$219,000
3462 Old Bridge Road, Stow, NY 14785
Residential, Stow, NY
Property Size1,698 SF
Lot Size0.12 Acres
Price / SF$128.98
Days on Market103
Property Features for 3462 Old Bridge Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
Window features
Drapes
Patio and Porch features
Patio, Porch, Deck
Interior features
CeilingFans, SlidingGlassDoors, WindowTreatments
Exterior features
Deck, Patio
Appliances
PropaneWaterHeater, TanklessWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Chautauqua Lake
Middle school district
Chautauqua Lake
High school district
Chautauqua Lake
Directions
Just after the Bridge- turn near Hogans Hut go past Hogans Hut and it will be the second road on the right. you will see the sign.
Subdivision
North Harmony-065400
Standard status
Active
APN
065400-332-016-0001-053-000
Size
1,698 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
1861
Utilities
Heating system
Forced Air, Propane (Heating)
Water source
Well
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Varies, Vinyl, Carpet
Building materials
VinylSiding, WoodSiding
Roof type
Metal
Architectural style
Other
Listing Agency:
Real Estate Advantage
(716) 484-2020
Listed By:
Yvette Jordan · License #10401208583
(716) 790-0042
Added: Jun 9
Changed: Sep 16
Last Checked: Sep 19 at 6:06AM
MLS# R1687601
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 duplex offering includes two separate homes on a 0.12-acre property, with 1,698 square feet identified in the listing. The first residence includes two bedrooms, an eat-in kitchen, one bathroom, and a covered patio. The second provides an open living, dining, and kitchen arrangement, plus two upstairs bedrooms, vaulted ceilings, skylights, and a covered deck. Vinyl and wood siding, metal roofing, propane heating, and a private well are among the property features.
The homes are located within walking distance of Chautauqua Lake and the Bemus Point Stow Ferry, approximately four miles from the Chautauqua Institution and near I-86. Both residences have received updates, including new roofs and furnaces; the first home also has an updated kitchen, bathroom, interior paint, and vinyl flooring.
The homes are located within walking distance of Chautauqua Lake and the Bemus Point Stow Ferry, approximately four miles from the Chautauqua Institution and near I-86. Both residences have received updates, including new roofs and furnaces; the first home also has an updated kitchen, bathroom, interior paint, and vinyl flooring.
Key Highlights
- Two homes included on one 0.12‑acre property
- 1,698 square feet identified in the listing
- Within walking distance of Chautauqua Lake
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
$14,050
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
6.42%
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%
$281,000
$281.0K
Cap Rate 7%
$200,714
$200.7K
Cap Rate 9%
$156,111
$156.1K
Market Conditions
NOI Build-Up for 1,698 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
$22.9K $13.50/SF
− Vacancy
−$2.9K −$1.68/SF
EGI
$20.1K $11.82/SF
− OpEx
−$6.0K −$3.55/SF
NOI
$14.0K $8.27/SF
Area
Chautauqua County, NY
Vacancy
12.44%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
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%
$281,000
Cap Rate 7%
$200,714
Cap Rate 9%
$156,111
Alternative Uses
Best Use
Multifamily LT 5
$200.7K
$175.6K – $234.2K
NOI $14,050 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$183.6K
$160.7K – $214.3K
NOI $12,855 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$508.2K
$444.7K – $592.9K
NOI $35,576 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 14785, NY
54
Population
32
Households
1.7
Avg Household Size
63
Median Age
0.2 sq mi
ZIP Area
270
Density / Sq Mi
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two residences offer flexible rental use near Chautauqua Lake, with outdoor living areas and recent updates to both homes.
Where is this duplex located?
The property is located at 3462 Old Bridge Road Stow, NY.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two homes included on one 0.12‑acre property; 1,698 square feet identified in the listing; Within walking distance of Chautauqua Lake
