Duplex With Separate
For Sale
$139,900
4906 Meads Creek Road, Painted Post, NY 14870
Each residence has three bedrooms, washer and dryer hookups, and its own utility service.
Property Size1,947 SF
Price / SF$71.85
Days on Market38
Property Features for 4906 Meads Creek Road
General Information
Standard status
Active
Size
1,947 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,450
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,366
Amenities
washer/dryer hookups
Patio
Building Details
Building Size
1,947 SF
Year Built
1960
Stories
2
Units
2
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Mark A. Costanza · License #30CO0988217
(607) 738-9911
Source:
Gentryrealtyproperties
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 26 at 3:59AM
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 Signature Properties
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Investment Insights
Based on property information with market context.
This 1,947-square-foot duplex contains two three-bedroom residences, each with washer and dryer hookups. The units have separate utilities and all-electric service, allowing each household to manage its own usage.
Work completed within the last three years includes electrical updates, replacement hot-water tanks, a new roof, and appliances. Built in 1960, the property offers a two-unit configuration with recent improvements to key building systems and equipment.
Work completed within the last three years includes electrical updates, replacement hot-water tanks, a new roof, and appliances. Built in 1960, the property offers a two-unit configuration with recent improvements to key building systems and equipment.
Key Highlights
- Two units, each with 3 bedrooms
- Separate utilities for each residence; both units are all‑electric
- Washer and dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,143
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,860
$242.9K
Cap Rate 7%
$173,471
$173.5K
Cap Rate 9%
$134,922
$134.9K
Market Conditions
NOI Build-Up for 1,947 SF
Gross rent
$23.4K $12.00/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$22.1K $11.34/SF
− OpEx
−$9.9K −$5.10/SF
NOI
$12.1K $6.24/SF
Area
Steuben County, NY
Vacancy
5.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,860
Cap Rate 7%
$173,471
Cap Rate 9%
$134,922
Alternative Uses
Best Use
Multifamily LT 5
$188.2K
$164.7K – $219.6K
NOI $13,176 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$173.5K
$151.8K – $202.4K
NOI $12,143 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$474.6K
$415.3K – $553.8K
NOI $33,225 @ 7.0% cap · market cap 23.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
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Business Placement
Demographics for 14870, NY
9,648
Population
4,691
Households
2.1
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
150
Density / Sq Mi
$88,514
Median Household Income
$58,864
Median Earnings
$1,128
Median Rent
$164,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, washer and dryer hookups, and its own utility service.
Where is this duplex located?
The property is located at 4906 Meads Creek Road Painted Post, NY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms; Separate utilities for each residence; both units are all‑electric; Washer and dryer hookups in each unit
