Historic Duplex with
For Sale
$797,777
520 Main St, Youngstown, NY 14174
Historic duplex with a separate apartment, private entrance, and dedicated utilities.
Property Size4,962 SF
Price / SF$160.78
Days on Market20
Property Features for 520 Main St
General Information
Standard status
Active
Size
4,962 SF
Property subtype
Multi-Family
Building Details
Year Built
1860
Listing Agency:
Deal Realty, Inc.
(716) 940-0548
Listed By:
Cheryl Deal · License #10311205717
Source:
Skinnercnyrealty
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 9:01PM
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 Deal Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1860, this 4,962-square-foot duplex combines a five-bedroom, 2.5-bath primary residence with a fully updated one-bedroom, one-bath apartment. The main home includes formal and casual living areas, a dining room, den, bonus room, eat-in kitchen, first-floor laundry, two staircases, a full basement, and multiple porches. Inlaid hardwood floors, fireplaces, French doors, a bay window, and high ceilings retain its historic character, while updated kitchens and baths, replacement windows, newer mechanical systems, roof improvements, split A/C, and newer carpeting add practical modern features.
The apartment has its own entrance and separate utilities and is occupied by a long-term tenant. A large barn provides storage and workspace for vehicles, RVs, boats, equipment, or hobbies. The property spans over one acre from Main Street to Second Street, with water and Niagara River views, patios, and substantial outdoor areas. Restaurants, the waterfront, and public boat docks are steps away in Youngstown.
The apartment has its own entrance and separate utilities and is occupied by a long-term tenant. A large barn provides storage and workspace for vehicles, RVs, boats, equipment, or hobbies. The property spans over one acre from Main Street to Second Street, with water and Niagara River views, patios, and substantial outdoor areas. Restaurants, the waterfront, and public boat docks are steps away in Youngstown.
Key Highlights
- 4,962‑square‑foot duplex built in 1860
- Main residence includes 5 bedrooms and 2.5 baths
- Updated 1‑bedroom, 1‑bath apartment with private entrance and separate utilities
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
$43,578
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
5.46%
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%
$871,560
$871.6K
Cap Rate 7%
$622,543
$622.5K
Cap Rate 9%
$484,200
$484.2K
Market Conditions
NOI Build-Up for 4,962 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
$66.7K $13.44/SF
− Vacancy
−$4.4K −$0.89/SF
EGI
$62.3K $12.55/SF
− OpEx
−$18.7K −$3.76/SF
NOI
$43.6K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /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%
$871,560
Cap Rate 7%
$622,543
Cap Rate 9%
$484,200
Alternative Uses
Best Use
Multifamily LT 5
$622.5K
$544.7K – $726.3K
NOI $43,578 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$4.22M
$3.69M – $4.92M
NOI $295,134 @ 7.0% cap · market cap 36.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 14174, NY
5,654
Population
2,601
Households
2.2
Avg Household Size
50
Median Age
34%
College-Educated
98%
High-School Grad
23.2 sq mi
ZIP Area
244
Density / Sq Mi
$78,922
Median Household Income
$53,841
Median Earnings
$1,152
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Historic duplex with a separate apartment, private entrance, and dedicated utilities.
Where is this duplex located?
The property is located at 520 Main St Youngstown, NY.
What is the asking price?
The asking price for this property is $797,777.
What are key features of this property?
This property features: 4,962‑square‑foot duplex built in 1860; Main residence includes 5 bedrooms and 2.5 baths; Updated 1‑bedroom, 1‑bath apartment with private entrance and separate utilities
