Residential Income Duplex with
3986 Gerry Levant Road Falconer, NY 14733
For Sale
$219,000
MULTI_FAMILY - Other - Falconer, NY
Property Size2,016 SF
Lot Size1.90 Acres
Price / SF$108.63
Days on Market77
Property Features for 3986 Gerry Levant Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage, Carport
- Patio and Porch features
- Porch
- Interior features
- PullDownAtticStairs
- Exterior features
- EnclosedPorch, Porch
- Appliances
- TanklessWaterHeater
- Standard status
- Active
- APN
- 063889-320-000-0001-001-000
- Size
- 2,016 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2441
Utilities
- Sewer type
- Septic Tank
- Heating system
- Hot Water(Heating), Electric (Heating), Natural Gas
- Water source
- Well
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Laminate
- Building materials
- WoodSiding
- Roof type
- Shingle, Metal
- Architectural style
- Other
Listing Agency:
Keller Williams Realty
(716) 324-2300
Listed By:
Andrew Blakey · License #10401396165
(716) 951-2493
Added: May 11
Changed: Jul 11
Last Checked: Jul 26 at 8:06AM
MLS# R1680935
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 residential income property includes two separate living spaces with substantial updates. The main home is a 3-bedroom, 2-full-bath layout with new floors and updated cabinetry, along with an on-demand hot water heater. An enclosed front porch adds usable entry space. Parking is available between the carport and driveway.
A second lot is included and features a heated barn/garage. Upstairs in the barn/garage is a 2-bedroom, 1-bath apartment that is currently set up as an in-law suite. Both the main house and the upstairs apartment will be vacant at closing.
The property sits on 1.9 acres in Falconer, New York, within Chautauqua County. Address: 3986 Gerry Levant Road, Falconer, NY 14733.
A second lot is included and features a heated barn/garage. Upstairs in the barn/garage is a 2-bedroom, 1-bath apartment that is currently set up as an in-law suite. Both the main house and the upstairs apartment will be vacant at closing.
The property sits on 1.9 acres in Falconer, New York, within Chautauqua County. Address: 3986 Gerry Levant Road, Falconer, NY 14733.
Key Highlights
- Sits on 1.9 acres in Falconer, NY with a main home plus a second‑lot heated barn/garage.
- Main home features 3 bedrooms and 2 full bathrooms with updated floors and cabinets throughout.
- On‑demand hot water (tankless water heater) and hot water/electric/natural gas heating options.
Financial Insights For Multifamily LT 5
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 | $27.2k | $13.50 |
| − Vacancy | −$3.4k | −$1.68 |
| EGI | $23.8k | $11.82 |
| − OpEx | −$7.1k | −$3.55 |
| NOI | $16.7k | $8.27 |
2,016 SF · lease $13.50/SF/yr · vacancy 12.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.3K
$208.5K – $278.0K
NOI $16,681 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$218.0K
$190.8K – $254.4K
NOI $15,263 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$603.4K
$528.0K – $704.0K
NOI $42,239 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant-at-closing income property featuring a main 3 bed/2 bath home and a separate 2 bed/1 bath apartment above a heated garage.
Where is this duplex located?
The property is located at 3986 Gerry Levant Road Falconer, 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: Sits on 1.9 acres in Falconer, NY with a main home plus a second‑lot heated barn/garage.; Main home features 3 bedrooms and 2 full bathrooms with updated floors and cabinets throughout.; On‑demand hot water (tankless water heater) and hot water/electric/natural gas heating options.
