Two-Home Duplex
New
For Sale
$471,000
61 & 61.5 Main Street, Silver Creek, NY 14136
Residential, Silver Creek, NY
Property Size4,334 SF
Lot Size0.60 Acres
Price / SF$108.68
Days on Market2
Property Features for 61 & 61.5 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 8
Parking features
Driveway
Patio and Porch features
Porch, Patio, Deck
Interior features
CeilingFans, NaturalWoodwork, ProgrammableThermostat
Exterior features
Deck, Patio
Fireplace
1
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school
Silver Creek Elementary
Middle school
Silver Creek Middle
High school
Silver Creek High
Elementary school district
Silver Creek
Middle school district
Silver Creek
High school district
Silver Creek
Directions
Main Street downtown Silver creek in between Babcock and Burgess Street on the opposite side
Subdivision
Silver Creek-Village-064603
Standard status
Active
APN
064603-049-005-0002-028-000
Size
4,334 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
6676
Utilities
Heating system
Zoned, Baseboard, Forced Air, Hot Water(Heating), Natural Gas
Cooling system
Zoned
Water source
Public
Building Details
Year built
1835
Floors in Building
2
Number of units
2
Flooring type
Varies, Carpet, Hardwood, Vinyl, Laminate
Building materials
VinylSiding, WoodSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Buildings
2
Listing Agency:
Howard Hanna Holt - Fredonia
(716) 673-1800
Listed By:
Tammy Schmitt · License #40HE1022222
(716) 679-8355
Added: Oct 31
Last Checked: Nov 1 at 6:06AM
MLS# R1724739
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two residences totaling 4,334 square feet on a 0.6-acre lot. The main home, built in 1835, has 6 bedrooms and 3 bathrooms; the rear residence, built in 1892, has 2 bedrooms and 1 bathroom. Both homes feature front porches, and the grounds also include a deck and patio.
Updates to the main home include vinyl windows, a sealed U-shaped driveway, a painted exterior, and a newer combination boiler. Interior painting is underway in the rear residence. Additional features include natural woodwork, fireplaces, zoned heating and cooling, and public water.
Updates to the main home include vinyl windows, a sealed U-shaped driveway, a painted exterior, and a newer combination boiler. Interior painting is underway in the rear residence. Additional features include natural woodwork, fireplaces, zoned heating and cooling, and public water.
Key Highlights
- Two residences on a 0.6‑acre parcel
- 4,334 square feet combined
- Main residence: 6 bedrooms, 3 bathrooms; built in 1835
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,861
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,220
$717.2K
Cap Rate 7%
$512,300
$512.3K
Cap Rate 9%
$398,456
$398.5K
Market Conditions
NOI Build-Up for 4,334 SF
Gross rent
$58.5K $13.50/SF
− Vacancy
−$7.3K −$1.68/SF
EGI
$51.2K $11.82/SF
− OpEx
−$15.4K −$3.55/SF
NOI
$35.9K $8.27/SF
Area
Chautauqua County, NY
Vacancy
12.44%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,220
Cap Rate 7%
$512,300
Cap Rate 9%
$398,456
Alternative Uses
Best Use
Multifamily LT 5
$512.3K
$448.3K – $597.7K
NOI $35,861 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$468.7K
$410.2K – $546.9K
NOI $32,812 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,806 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 14136, NY
5,029
Population
2,699
Households
1.9
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
207
Density / Sq Mi
$68,875
Median Household Income
$44,199
Median Earnings
$928
Median Rent
$143,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a combined eight bedrooms and four bathrooms on one parcel.
Where is this duplex located?
The property is located at 61 & 61.5 Main Street Silver Creek, NY.
What is the asking price?
The asking price for this property is $471,000.
What are key features of this property?
This property features: Two residences on a 0.6‑acre parcel; 4,334 square feet combined; Main residence: 6 bedrooms, 3 bathrooms; built in 1835
