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Four-Unit Residential Income Property
For Sale
$175,000

53 Grove St, Perry, NY 14530

Four one-bedroom apartments offer a mix of occupied and vacant units with separate utilities and in-unit appliances.

Property SizeContact for details
Days on Market53

Property Features for 53 Grove St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1950
Listing Agency:
Listed By: Bridget Rivellino
Source: Elliman
Added: Jun 15 Changed: Jul 10 Last Checked: Jul 30 at 8:52AM

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 Bridget Rivellino

Investment Insights

Based on property information with market context.

This four-unit residential income property includes four one-bedroom, one-bath apartments. Two units are currently occupied, providing in-place rental income, while the two vacant units offer flexibility for setting rents or for owner-occupancy. Each apartment includes appliances, and residents benefit from separate utilities.

The property is located on a quiet street and includes a spacious backyard.

For investors, the current occupancy provides immediate income while the vacant units allow for rent adjustments or reconfiguration through resident selection. For owner-occupants, the layout supports living in one unit while collecting rent from the others, with separate utilities helping maintain independence between units.

Key Highlights

  • Four‑unit property built in 1950 with four 1‑bedroom, 1‑bath apartments
  • Two units currently occupied, providing immediate rental income
  • Two additional vacant units offer flexibility to set rents or move in

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Law Firm (Bike/Boat/Book/etc) Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

303
Businesses Nearby

Demographics for 14530, NY

6,583
Population
2,808
Households
2.3
Avg Household Size
39
Median Age
16%
College-Educated
82%
High-School Grad
50.5 sq mi
ZIP Area
130
Density / Sq Mi
$66,168
Median Household Income
$35,153
Median Earnings
$745
Median Rent
$131,900
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 one-bedroom apartments offer a mix of occupied and vacant units with separate utilities and in-unit appliances.
Where is this quadplex located?
The property is located at 53 Grove St Perry, NY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Four‑unit property built in 1950 with four 1‑bedroom, 1‑bath apartments; Two units currently occupied, providing immediate rental income; Two additional vacant units offer flexibility to set rents or move in
More about this property
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