Low-Rise Multifamily
39 Clinton Ave Fredonia, NY 14063
39 Clinton Ave, Fredonia, NY, 14063
$365,000
For Sale
$365,000
Low-rise, 5-unit multifamily built in 1977, currently fully occupied and zoned V1.
Property Size3,960 SF
Price / SF$92.17
Days on Market71
Property Features for 39 Clinton Ave
General Information
- Standard status
- Active
- Size
- 3,960 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1977
Listing agency
(716) 510-2391
Listed by
Dawn Moran
(716) 510-2391
Source
Elliman
Added: May 14 Updated: Jul 22 at 4:48PM Checked: Jul 22 at 4:48PM
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 Dawn Moran
Investment Insights
Based on property information with market context.
This low-rise multifamily property features a total of 5 units within approximately 3,960 square feet. Built in 1977, it is described as meticulously maintained and is currently operating at full occupancy.
The property is offered for sale and is listed as being zoned V1, which may allow for a range of uses. It is also noted as being located in the Fredonia area, with walkScore 26 and bikeScore 37, suggesting a car-dependent setting.
As presented, the asset is positioned as an established income-producing property with an emphasis on its existing occupancy and zoning designation.
The property is offered for sale and is listed as being zoned V1, which may allow for a range of uses. It is also noted as being located in the Fredonia area, with walkScore 26 and bikeScore 37, suggesting a car-dependent setting.
As presented, the asset is positioned as an established income-producing property with an emphasis on its existing occupancy and zoning designation.
Key Highlights
- Low‑rise 5‑unit multifamily property with 3,960 SF, built in 1977
- Currently fully occupied (5 units)
- Zoned V1
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $15.84 |
| − Vacancy | −$8.2k | −$2.08 |
| EGI | $54.5k | $13.76 |
| − OpEx | −$24.5k | −$6.19 |
| NOI | $30.0k | $7.57 |
3,960 SF · lease $15.84/SF/yr · vacancy 13.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$428.3K
$374.8K – $499.7K
NOI $29,980 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,970 @ 7.0% cap · market cap 22.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Low-rise, 5-unit multifamily built in 1977, currently fully occupied and zoned V1.
Where is this apartment building located?
The property is located at 39 Clinton Ave Fredonia, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Low‑rise 5‑unit multifamily property with 3,960 SF, built in 1977; Currently fully occupied (5 units); Zoned V1
