Building Details

Year Built 1890

Listing Agency: Steiger Realty n***@steigerrealty.com Show Phone

Listed By: Nathan Steiger Show Phone

Source: Elliman

Added: May 8 Changed: Jul 20 Last Checked: Jul 23 at 5:22AM

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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 Steiger Realty

Investment Insights

Based on property information with market context.

This three-unit residential income property is offered for sale as a single building with three separate units. All three units are currently occupied, and any tenant requiring to relocate would do so with a 90-day term to vacate if necessary. The property would benefit from some TLC and upgrading to help improve its income potential.

Improvements include a newer asphalt shingle roof, vinyl siding, and some thermal pane windows. The home also offers a very large yard and parking area, providing shared outdoor space and room for vehicles.

For buyers looking to own a multi-unit property in the Hamlet of Forestville, the current occupancy provides immediate rent coverage, while the interior and exterior updates present a clear path to bringing the asset up to its next level.

Key Highlights

• 3‑unit multi‑family home (built 1890) currently occupied
• Newer asphalt shingle roof
• Vinyl siding and some thermal pane windows

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Hair Salon Veterinary Clinic Spa & Massage Center Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 14062, NY

3,375

Population

1,489

Households

2.3

Avg Household Size

48

Median Age

13%

College-Educated

92%

High-School Grad

70.5 sq mi

ZIP Area

48

Density / Sq Mi

$74,667

Median Household Income

$42,318

Median Earnings

$1,035

Median Rent

$121,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three units in one building, currently occupied, with a newer asphalt shingle roof and vinyl siding.

Where is this triplex located?

The property is located at 5 Pearl St Forestville, NY.

What is the asking price?

The asking price for this property is $76,500.

What are key features of this property?

This property features: 3‑unit multi‑family home (built 1890) currently occupied; Newer asphalt shingle roof; Vinyl siding and some thermal pane windows