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Duplex Property with Workshop
For Sale
$1,195,000

6331 Route 242 E, Ellicottville, NY 14731

Two townhouse-style residences offer private laundry, vaulted ceilings, rear decks, and access to Great Valley Creek.

Property Size3,308 SF
Lot Size2.38 Acres
Days on Market47

Property Features for 6331 Route 242 E

General Information

Standard status Active
Size 3,308 SF
Lot size 2.38 Acres
Property subtype Multi Family Home

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $12,939

Building Details

Building Size 3,308 SF
Year Built 1980
Stories 2
Units 2
Listing Agency: WNY Metro Roberts Realty
Listed By: Salvatore DiNatale · License #10401302691
Source: Dealrealtyonline
Added: Jul 16 Changed: Aug 29 Last Checked: Aug 30 at 5:38PM

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 WNY Metro Roberts Realty

Investment Insights

Based on property information with market context.

Located at 6331 Route 242 E in Ellicottville, this duplex property includes two townhouse-style residences on 2.38 acres. One unit has three bedrooms and two full baths; the other includes two bedrooms and two full baths. Both residences feature in-unit laundry, vaulted ceilings, rear porch decks, and a chalet-style interior character, with access to Great Valley Creek.

A separate garage, barn, and storage area provides room for multiple vehicles, including motor homes, boats, recreational vehicles, and equipment. The structure also includes a workshop or hobby area with rear drive-through access. Its upper level contains a studio or office area with a kitchenette, bar area, and full bath.

The property is within walking distance of downtown Ellicottville’s shops and restaurants. Existing sewer infrastructure was installed to accommodate additional development possibilities, subject to town and county approval.

Key Highlights

  • 2.38‑acre duplex property at 6331 Route 242 E, Ellicottville, NY 14731
  • One 3‑bedroom, 2‑bath unit and one 2‑bedroom, 2‑bath unit
  • Both residences include in‑unit laundry, vaulted ceilings, and rear porch decks

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Building Supply Storage Facility Garden Center Butcher

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

2
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby

Demographics for 14731, NY

1,269
Population
2,501
Households
0.5
Avg Household Size
54
Median Age
37%
College-Educated
94%
High-School Grad
45.5 sq mi
ZIP Area
28
Density / Sq Mi
$64,091
Median Household Income
$37,750
Median Earnings
$908
Median Rent
$255,200
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?
Duplex - Two townhouse-style residences offer private laundry, vaulted ceilings, rear decks, and access to Great Valley Creek.
Where is this duplex located?
The property is located at 6331 Route 242 E Ellicottville, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 2.38‑acre duplex property at 6331 Route 242 E, Ellicottville, NY 14731; One 3‑bedroom, 2‑bath unit and one 2‑bedroom, 2‑bath unit; Both residences include in‑unit laundry, vaulted ceilings, and rear porch decks
More about this property
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