Updated Side-by-Side
For Sale
$155,000
62 - 64 Perry Avenue, Corning, NY 14830
Each residence has two bedrooms, one bathroom, separate utilities, and its own entrance.
Property Size1,952 SF
Days on Market18
Property Features for 62 - 64 Perry Avenue
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,108
Building Details
Building Size
1,952 SF
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
Listed By:
Daniel J. Mower · License #10301205665
(607) 207-6257
Source:
Griffith-realty
Added: Sep 23
Changed: Sep 30
Last Checked: Oct 10 at 12:13AM
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 Keller Williams Realty Southern Tier & Finger Lakes
Investment Insights
Based on property information with market context.
This side-by-side duplex in Corning contains two 2 BR/1 BA residences, each with a private entrance and separate utilities. Improvements include electrical updates, new lighting and outlets, interior paint, flooring work, refreshed bathrooms, some replacement windows, a new electric water heater, exterior siding work, and a compacted stone driveway. One unit has LVP flooring and a new range; the other features hardwood floors. A detached storage shed or garage provides additional space. The property was built in 1900, and one unit is leased.
The address is a few blocks from central Corning, with Wegmans, the YMCA, parks, museums, restaurants, shops, and the Gaffer District within walking distance.
The address is a few blocks from central Corning, with Wegmans, the YMCA, parks, museums, restaurants, shops, and the Gaffer District within walking distance.
Key Highlights
- Side‑by‑side duplex with two 2 BR/1 BA units
- Separate utilities and individual entrances for both residences
- One unit is leased; the neighboring unit has been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,210
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,200
$264.2K
Cap Rate 7%
$188,714
$188.7K
Cap Rate 9%
$146,778
$146.8K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$19.9K $10.20/SF
− Vacancy
−$1.0K −$0.53/SF
EGI
$18.9K $9.67/SF
− OpEx
−$5.7K −$2.90/SF
NOI
$13.2K $6.77/SF
Area
Steuben County, NY
Vacancy
5.22%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,200
Cap Rate 7%
$188,714
Cap Rate 9%
$146,778
Alternative Uses
Best Use
Multifamily LT 5
$188.7K
$165.1K – $220.2K
NOI $13,210 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$173.9K
$152.2K – $202.9K
NOI $12,175 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$475.9K
$416.4K – $555.2K
NOI $33,311 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 14830, NY
18,949
Population
9,324
Households
2
Avg Household Size
40
Median Age
41%
College-Educated
96%
High-School Grad
90.6 sq mi
ZIP Area
209
Density / Sq Mi
$73,831
Median Household Income
$48,331
Median Earnings
$997
Median Rent
$168,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, separate utilities, and its own entrance.
Where is this duplex located?
The property is located at 62 - 64 Perry Avenue Corning, NY.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two 2 BR/1 BA units; Separate utilities and individual entrances for both residences; One unit is leased; the neighboring unit has been updated
