Updated Two-Unit
4906 Meads Creek Road, Painted Post, NY 14870
For Sale
$139,900
Residential, Painted Post, NY
Property Size1,947 SF
Lot Size0.36 Acres
Price / SF$71.85
Days on Market48
Property Features for 4906 Meads Creek Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
washer dryer hookups
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Mark A. Costanza · License #30CO0988217
(607) 738-9911
Added: Sep 21
Changed: Oct 30
Last Checked: Nov 7 at 5:06AM
MLS# R1716374
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,947 square feet across two separate residences, with each unit configured as a three-bedroom layout. Independent utilities support both units, which are all-electric and include washer and dryer hookups. Interior finishes include carpet and vinyl flooring, while the property also provides a patio and porch.
Recent work completed within the last three years includes electrical system updates, replacement hot-water tanks, a newer roof, and appliance improvements. The building was constructed in 1960 with block and concrete materials and is served by a well and septic tank. Located in Painted Post, NY, the property occupies 0.36 acres.
Recent work completed within the last three years includes electrical system updates, replacement hot-water tanks, a newer roof, and appliance improvements. The building was constructed in 1960 with block and concrete materials and is served by a well and septic tank. Located in Painted Post, NY, the property occupies 0.36 acres.
Key Highlights
- Two‑unit duplex with 1,947 square feet
- Each unit has 3 bedrooms and separate utilities
- All‑electric units with washer and dryer hookups
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
Yes
Utilities to site
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
$164,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Steuben County, NY
Properties on Market for Duplexes in Steuben County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate all-electric residences with three bedrooms, laundry hookups, and utility systems serving each unit independently.
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‑unit duplex with 1,947 square feet; Each unit has 3 bedrooms and separate utilities; All‑electric units with washer and dryer hookups
