Updated Duplex with Two Full
New
For Sale
$254,900
501 Mason St, Newark, NY 14513
Recently updated property offers flexible residential use and fiber internet availability.
Property Size2,392 SF
Days on Market5
Property Features for 501 Mason St
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,991
Building Details
Building Size
2,392 SF
Year Built
1890
Stories
2
Units
2
Listing Agency:
(585) 310-4397
Listed By:
Jesse Christopher Bacon
(585) 310-4397
Source:
Elliman
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 5:48AM
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 Jesse Christopher Bacon
Investment Insights
Based on property information with market context.
This duplex includes two residential sides, each presented as having the feel and functionality of a complete home. Recent updates and attentive maintenance support a refreshed residential setting, while fiber internet availability provides a modern connectivity option. The property was built in 1890 and can accommodate several stated approaches, including use as a primary residence, an in-law suite, or a rental property.
Located at 501 Mason St in Arcadia, the property is within walking distance of downtown Newark, with shops, restaurants, and everyday conveniences identified nearby. Walk Score is 62 and Bike Score is 48. The property is also described as being close to the Finger Lakes and Rochester.
Located at 501 Mason St in Arcadia, the property is within walking distance of downtown Newark, with shops, restaurants, and everyday conveniences identified nearby. Walk Score is 62 and Bike Score is 48. The property is also described as being close to the Finger Lakes and Rochester.
Key Highlights
- Two duplex sides, each with the feel of a complete home
- Recently updated and carefully maintained
- Fiber internet availability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,020
$408.0K
Cap Rate 7%
$291,443
$291.4K
Cap Rate 9%
$226,678
$226.7K
Market Conditions
NOI Build-Up for 2,392 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.0K $13.80/SF
− Vacancy
−$3.9K −$1.62/SF
EGI
$29.1K $12.18/SF
− OpEx
−$8.7K −$3.66/SF
NOI
$20.4K $8.53/SF
Area
Wayne County, NY
Vacancy
11.71%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,020
Cap Rate 7%
$291,443
Cap Rate 9%
$226,678
Alternative Uses
Best Use
Multifamily LT 5
$291.4K
$255.0K – $340.0K
NOI $20,401 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$257.0K
$224.9K – $299.9K
NOI $17,993 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$644.4K
$563.8K – $751.8K
NOI $45,105 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 14513, NY
13,459
Population
6,202
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
45.2 sq mi
ZIP Area
298
Density / Sq Mi
$61,117
Median Household Income
$37,790
Median Earnings
$1,027
Median Rent
$133,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated property offers flexible residential use and fiber internet availability.
Where is this duplex located?
The property is located at 501 Mason St Newark, NY.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two duplex sides, each with the feel of a complete home; Recently updated and carefully maintained; Fiber internet availability
