Duplex With Updated
For Sale
$225,000
5-7 Otis Street, Batavia, NY 14020
Two refreshed units offer flexible owner-occupant or rental use on an oversized city lot.
Property Size1,764 SF
Days on Market72
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Property Features for 5-7 Otis Street
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,867
Building Details
Building Size
1,764 SF
Year Built
1890
Listing Agency:
NextHome Endeavor
Listed By:
Emily Reynolds · License #10401373221
(585) 730-2060
Source:
Griffith-realty
Added: Aug 5
Changed: Oct 3
Last Checked: Oct 15 at 5:13AM
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 NextHome Endeavor
Investment Insights
Based on property information with market context.
This two-unit property at 5–7 Otis Street includes refreshed kitchens in both residences, with painted cabinetry, tile backsplashes, new vinyl flooring, and updated light and plumbing fixtures. Additional vinyl flooring has been installed in multiple areas, and each unit provides a functional living arrangement. The building dates to 1890.
The property occupies a double city lot with expanded yard space for outdoor use, gardening, or future possibilities. Its Batavia setting places the duplex near schools, parks, shopping, restaurants, and downtown amenities. Walk Score is 80, rated Very Walkable, while Bike Score is 62, rated Bikeable.
The property occupies a double city lot with expanded yard space for outdoor use, gardening, or future possibilities. Its Batavia setting places the duplex near schools, parks, shopping, restaurants, and downtown amenities. Walk Score is 80, rated Very Walkable, while Bike Score is 62, rated Bikeable.
Key Highlights
- Two‑unit duplex with refreshed kitchens in both residences
- Double city lot with expanded yard area
- Kitchen updates include painted cabinets, tile backsplashes, and new vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,198
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
$324.0K
Cap Rate 7%
$231,400
$231.4K
Cap Rate 9%
$179,978
$180.0K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$24.3K $13.80/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$23.1K $13.12/SF
− OpEx
−$6.9K −$3.94/SF
NOI
$16.2K $9.18/SF
Area
Genesee County, NY
Vacancy
4.94%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
Cap Rate 7%
$231,400
Cap Rate 9%
$179,978
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$201.8K
$176.6K – $235.5K
NOI $14,127 @ 7.0% cap · market cap 6.28%
Theoretical Best
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,614 @ 7.0% cap · market cap 50.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 14020, NY
22,627
Population
10,930
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
66.3 sq mi
ZIP Area
341
Density / Sq Mi
$59,834
Median Household Income
$43,031
Median Earnings
$915
Median Rent
$148,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed units offer flexible owner-occupant or rental use on an oversized city lot.
Where is this duplex located?
The property is located at 5-7 Otis Street Batavia, 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: Two‑unit duplex with refreshed kitchens in both residences; Double city lot with expanded yard area; Kitchen updates include painted cabinets, tile backsplashes, and new vinyl flooring
