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Turn-Key 4-Unit Investment Property
For Sale
$775,000

5131 BASSETT RD, Burdett, NY 14818

Four detached 1-bedroom apartments on 2.56 acres, with in-unit washer/dryer, private porches, and modern HVAC.

Property Size2,400 SF
Lot Size2.56 Acres
Price / SF$322.92
Days on Market144

Property Features for 5131 BASSETT RD

General Information

Standard status Active
Size 2,400 SF
Lot size 2.56 Acres
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Amenities

private stocked pond
wooded acreage
stone driveway
ample parking
mini-split heating and cooling

Building Details

Year Built 2022
Tenancy Multi
Listing Agency:
Listed By: Warren Real Estate
Source: Xome
Added: Mar 11 Changed: Jul 22 Last Checked: Jul 31 at 3:12AM

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 Warren Real Estate

Investment Insights

Based on property information with market context.

This turn-key 4-unit investment property features four detached buildings, each providing a 1-bedroom, 1-bath apartment. Two of the units are described as built in 2022 with lofted layouts, and the other two units are described as built in 2023. Each unit includes an eat-in kitchen, living room, in-unit washer/dryer, a porch, and a full appliance package that includes dishwasher and microwave. The property is described as having mini-split heating and cooling, metal roofs, vinyl siding, and slab foundations, along with four separate electric meters.

The setting includes a private stocked pond, wooded acreage, and a stone driveway with ample parking. The location is described as minutes from Seneca Lake, the Seneca Lake Wine Trail, Watkins Glen State Park, and Finger Lakes National Forest.

The offering is noted as having room on the property for additional units, and the tax assessment is referenced as reflecting the pre-subdivision parcel.

Key Highlights

  • Four detached 1‑bedroom, 1‑bath apartments on 2.56 acres in Finger Lakes wine country
  • Two units built in 2022 and two units built in 2023; modern construction throughout
  • Each unit has an eat‑in kitchen, living room, in‑unit washer/dryer, and a full appliance package (dishwasher and microwave)

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Restaurant Wine and Liquor Store Hotel & Motel Bed & Breakfast

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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

Demographics for 14818, NY

1,830
Population
1,171
Households
1.6
Avg Household Size
49
Median Age
36%
College-Educated
95%
High-School Grad
38.5 sq mi
ZIP Area
48
Density / Sq Mi
$84,946
Median Household Income
$48,021
Median Earnings
$1,435
Median Rent
$197,100
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?
Quadplex - Four detached 1-bedroom apartments on 2.56 acres, with in-unit washer/dryer, private porches, and modern HVAC.
Where is this quadplex located?
The property is located at 5131 BASSETT RD Burdett, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four detached 1‑bedroom, 1‑bath apartments on 2.56 acres in Finger Lakes wine country; Two units built in 2022 and two units built in 2023; modern construction throughout; Each unit has an eat‑in kitchen, living room, in‑unit washer/dryer, and a full appliance package (dishwasher and microwave)
More about this property
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