Two-Family
New
For Sale
$164,900
56 Orchard St, Auburn, NY 13021
The property contains two residential units and dates to 1887.
Property Size1,692 SF
Days on Market3
Property Features for 56 Orchard St
General Information
Standard status
Active
Size
1,692 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,459
Building Details
Building Size
1,692 SF
Year Built
1887
Stories
2
Units
2
Listing Agency:
CANDY COSTA REAL ESTATE LLC
Listed By:
Julie A Rizzo · License #10401303422
(315) 505-6609
Source:
Elliman
Added: Oct 26
Last Checked: Oct 28 at 8:25AM
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 CANDY COSTA REAL ESTATE LLC
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Investment Insights
Based on property information with market context.
Located at 56 Orchard St in Auburn, this duplex contains two residential units. The property was built in 1887.
A walk score of 62 indicates some walkability, while a bike score of 39 reflects limited bikeability. The surrounding area includes shopping, schools, and restaurants.
A walk score of 62 indicates some walkability, while a bike score of 39 reflects limited bikeability. The surrounding area includes shopping, schools, and restaurants.
Key Highlights
- Two‑family property with two residential units
- Built in 1887
- Walk score of 62; bike score of 39
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,617
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,340
$272.3K
Cap Rate 7%
$194,529
$194.5K
Cap Rate 9%
$151,300
$151.3K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$26.4K $15.60/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$24.8K $14.63/SF
− OpEx
−$11.1K −$6.58/SF
NOI
$13.6K $8.05/SF
Area
Cayuga County, NY
Vacancy
6.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,340
Cap Rate 7%
$194,529
Cap Rate 9%
$151,300
Alternative Uses
Best Use
Multifamily LT 5
$218.3K
$191.0K – $254.7K
NOI $15,282 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$194.5K
$170.2K – $227.0K
NOI $13,617 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$375.0K
$328.1K – $437.5K
NOI $26,249 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains two residential units and dates to 1887.
Where is this duplex located?
The property is located at 56 Orchard St Auburn, NY.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two‑family property with two residential units; Built in 1887; Walk score of 62; bike score of 39
