Search
Six-Occupant Multifamily Property
For Sale
$219,500

40 South Main Street, Alfred, NY 14802

Built in 1940, the property is offered as-is with utilities included except internet.

Property Size3,450 SF
Days on Market8

Property Features for 40 South Main Street

General Information

Standard status Active
Size 3,450 SF
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $5,593

Building Details

Building Size 3,450 SF
Year Built 1940
Listing Agency: Hunt Real Estate ERA
Listed By: Isabelle Raptis · License #10401402256
Source: Griffith-realty
Added: Aug 13 Changed: Aug 20 Last Checked: Aug 20 at 9:01AM

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 Hunt Real Estate ERA

Investment Insights

Based on property information with market context.

This multifamily property at 40 South Main Street was built in 1940 and is being offered in as-is condition. The operating model is based on six occupants, with utilities included other than internet. No renters are currently in place for the semester, leaving the property available for changes before the next leasing period.

Located in Alfred, NY, the property is situated in a college-town setting. Its existing arrangement is designed around per-person, per-semester occupancy, while the current vacancy provides flexibility for an owner to address desired improvements before re-leasing. The property is identified as a multifamily asset and is offered for sale.

Key Highlights

  • Multifamily property at 40 South Main Street in Alfred, NY
  • Built in 1940
  • Operating model based on 6 occupants

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Law Firm Spa & Massage Center Daycare Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259
Businesses Nearby

Demographics for 14802, NY

4,016
Population
675
Households
5.9
Avg Household Size
22
Median Age
69%
College-Educated
95%
High-School Grad
1.1 sq mi
ZIP Area
3,651
Density / Sq Mi
$44,659
Median Household Income
$5,749
Median Earnings
$800
Median Rent
$169,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Multifamily property - Built in 1940, the property is offered as-is with utilities included except internet.
Where is this multifamily property located?
The property is located at 40 South Main Street Alfred, NY.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: Multifamily property at 40 South Main Street in Alfred, NY; Built in 1940; Operating model based on 6 occupants
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message