Two-Family Home with Finished
439 N Seward Ave Auburn, NY 13021
For Sale
$225,000
Pending
Well-maintained two-family residence with a private backyard, finished attic, and separated basement with laundry for each side.
Property Size2,422 SF
Days on Market592
Property Features for 439 N Seward Ave
General Information
Standard status
Pending
Size
2,422 SF
Property subtype
Duplex
Building Details
Year Built
1920
Listing Agency:
RE/MAX Masters
(315) 671-1627
Listed By:
Peter Babbles · License #30BA0855853
(315) 671-1627
Source:
Xome
Added: Dec 14, 2024
Changed: Jul 23
Last Checked: Jul 28 at 3:23AM
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 RE/MAX Masters
Investment Insights
Based on property information with market context.
This lovingly maintained two-family home features a beautiful, private backyard and a finished attic. Each side offers three bedrooms with closets and one full bath, providing comfortable, separate living arrangements. The 439 address also includes an additional powder room on the first floor and a kitchen with all-walnut, handmade cabinetry, along with full access to the attic.
The basement is separated with a furnace and laundry for each side, supporting day-to-day independence between units. Gas heating and utilities are available for the property.
Conveniently located less than a mile from East Middle School and Cayuga Community College, and about 10 minutes from Emerson Park and scenic Owasco Lake, this home offers flexible living options, including the potential to keep it as a duplex or convert it into a spacious single-family residence.
The basement is separated with a furnace and laundry for each side, supporting day-to-day independence between units. Gas heating and utilities are available for the property.
Conveniently located less than a mile from East Middle School and Cayuga Community College, and about 10 minutes from Emerson Park and scenic Owasco Lake, this home offers flexible living options, including the potential to keep it as a duplex or convert it into a spacious single-family residence.
Key Highlights
- Well‑maintained two‑family home with a private backyard, deck, and fenced yard
- Finished attic with the potential to support an in‑law suite or convert to a single‑family residence
- Each side features 3 bedrooms with closets and 1 full bath
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 | $37.8k | $15.60 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $35.4k | $14.63 |
| − OpEx | −$15.9k | −$6.58 |
| NOI | $19.5k | $8.05 |
2,422 SF · lease $15.60/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.5K
$273.5K – $364.6K
NOI $21,876 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$278.5K
$243.7K – $324.9K
NOI $19,492 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$536.8K
$469.7K – $626.2K
NOI $37,574 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family residence with a private backyard, finished attic, and separated basement with laundry for each side.
Where is this duplex located?
The property is located at 439 N Seward Ave Auburn, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Well‑maintained two‑family home with a private backyard, deck, and fenced yard; Finished attic with the potential to support an in‑law suite or convert to a single‑family residence; Each side features 3 bedrooms with closets and 1 full bath
