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Three-Unit Apartment Building Near Downtown
For Sale
$125,000

416 E Center St, Medina, NY 14103

Three-unit apartment building near downtown Medina, all units currently rented.

Property Size1,800 SF
Lot Size0.27 Acres
Days on Market165

Property Features for 416 E Center St

General Information

Standard status Active
Size 1,800 SF
Lot size 0.27 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $2,551

Building Details

Building Size 1,800 SF
Year Built 1870
Stories 2
Units 3
Listing Agency:
Listed By: James T. Theodorakos
Source: Elliman
Added: Mar 10 Changed: Aug 9 Last Checked: Aug 20 at 11:07AM

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 James T. Theodorakos

Investment Insights

Based on property information with market context.

This three-unit apartment building is located near the downtown area in the Village of Medina. All apartments are rented on a month-to-month basis. The first floor contains two studio apartments, which are heated by electric heat. The upstairs apartment features three to four bedrooms and is heated by boiler-fired hot water. Tenants are responsible for paying their own utilities, except for water for the two studio apartments, which is paid by the owner. The current rent schedule is $700, $525, and $425. Driveways are located on either side of the house, providing convenient parking.

Key Highlights

  • Three‑unit apartment building.
  • Conveniently located near downtown Medina.
  • Driveways on both sides of the house for parking.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Real Estate Agency Storage Facility

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

286
Businesses Nearby

Demographics for 14103, NY

10,589
Population
4,769
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
84%
High-School Grad
78.9 sq mi
ZIP Area
134
Density / Sq Mi
$68,781
Median Household Income
$41,667
Median Earnings
$911
Median Rent
$127,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit apartment building near downtown Medina, all units currently rented.
Where is this triplex located?
The property is located at 416 E Center St Medina, NY.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Three‑unit apartment building.; Conveniently located near downtown Medina.; Driveways on both sides of the house for parking.
More about this property
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