Building Details

Building Size 1,548 SF

Year Built 1870

Units 2

Listing Agency: Keller Williams Realty Gateway

Listed By: Sandra L. Hough · License #40SN1170202 Show Phone

Source: Elliman

Added: Oct 23 Changed: Oct 29 Last Checked: Oct 30 at 2:39PM

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Investment Insights

Based on property information with market context.

This 1,548-square-foot duplex contains two apartments: one with three bedrooms and one bathroom, and another with one bedroom and one bathroom. The building dates to 1870 and is located at 5 Cass St in Wayland, New York.

Key Highlights

• Two‑unit duplex
• 1,548 square feet of living space
• One apartment has 3 bedrooms and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,476

Cap Rate

8.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$209,520 $209.5K

Cap Rate 7%

$149,657 $149.7K

Cap Rate 9%

$116,400 $116.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,548 SF

Gross rent

$15.8K $10.20/SF

− Vacancy

−$824 −$0.53/SF

EGI

$15.0K $9.67/SF

− OpEx

−$4.5K −$2.90/SF

NOI

$10.5K $6.77/SF

Area

Steuben County, NY

Vacancy

5.22%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$209,520

Cap Rate 7%

$149,657

Cap Rate 9%

$116,400

Alternative Uses

Best Use

Multifamily LT 5

$149.7K

$131.0K – $174.6K (±1% cap)

NOI $10,476 @ 7.0% cap · market cap 8.06%

Second Best

Apartment 5plus

$137.9K

$120.7K – $160.9K (±1% cap)

NOI $9,655 @ 7.0% cap · market cap 7.43%

Theoretical Best

Office A

$377.4K

$330.2K – $440.3K (±1% cap)

NOI $26,417 @ 7.0% cap · market cap 20.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

153

Businesses Nearby

Explore this area Business Placement

Demographics for 14572, NY

4,636

Population

2,288

Households

2

Avg Household Size

46

Median Age

18%

College-Educated

90%

High-School Grad

74.9 sq mi

ZIP Area

62

Density / Sq Mi

$68,125

Median Household Income

$42,169

Median Earnings

$840

Median Rent

$110,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Separate apartments offer three-bedroom and one-bedroom configurations.

Where is this duplex located?

The property is located at 5 Cass St Wayland, NY.

What is the asking price?

The asking price for this property is $129,900.

What are key features of this property?

This property features: Two‑unit duplex; 1,548 square feet of living space; One apartment has 3 bedrooms and 1 bathroom