Triplex with Finished
40 Princeton Place Orchard Park, NY 14127
40 Princeton Place, Orchard Park, NY, 14127
$499,000
For Sale
$499,000
MULTI_FAMILY - Other - Orchard Park, NY
Property Size3,176 SF
Lot Size0.25 Acres
Price / SF$157.12
Days on Market48
Property Features for 40 Princeton Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Basement, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 1
- Patio and Porch features
- Porch
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 146001-162-170-0001-027-000
- Size
- 3,176 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7086
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Hardwood, Tile, Laminate, Varies
- Building materials
- Frame, VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Exchange Real Estate Inc.
(716) 876-0888
Listed by
Robert A Ploch · License #10311205945
(716) 479-4622
Added: Jun 5 Updated: Jul 17 at 11:46AM Checked: Jul 22 at 2:06PM
MLS# B1688116
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 three-unit triplex at 40 Princeton Place includes two driveways for convenient parking. The finished basement features two large recreation rooms and a full bathroom.
The property is located in the Village of Orchard Park in Erie County, NY. Public remarks indicate the home is zoned commercial, and the offering notes possible uses including office, retail, and art studio.
With a triplex layout and a fully finished lower level, the property supports residential income while also reflecting a commercial zoning designation as stated in the listing remarks.
The property is located in the Village of Orchard Park in Erie County, NY. Public remarks indicate the home is zoned commercial, and the offering notes possible uses including office, retail, and art studio.
With a triplex layout and a fully finished lower level, the property supports residential income while also reflecting a commercial zoning designation as stated in the listing remarks.
Key Highlights
- Three‑unit property zoned commercial (office/retail/art studio), with two driveways for off‑street parking
- Finished basement includes two large recreation rooms plus a full bathroom
- Year built 1950 with frame construction and vinyl siding; copper plumbing reported
Local 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 | $43.8k | $13.80 |
| − Vacancy | −$14.7k | −$4.61 |
| EGI | $29.2k | $9.19 |
| − OpEx | −$8.8k | −$2.76 |
| NOI | $20.4k | $6.43 |
3,176 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.7K
$255.3K – $340.4K
NOI $20,421 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex in the Village of Orchard Park with two driveways and a finished basement with recreation rooms and a full bath.
Where is this triplex located?
The property is located at 40 Princeton Place Orchard Park, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑unit property zoned commercial (office/retail/art studio), with two driveways for off‑street parking; Finished basement includes two large recreation rooms plus a full bathroom; Year built 1950 with frame construction and vinyl siding; copper plumbing reported
