Two-Home Income Property with
7604-7610 Van Buren Rd 7604 Van Buren, NY 13027
For Sale
$399,900
Pending
Updated duplex-style property with two separate homes on 2.07 acres, ready for new owners.
Property Size2,778 SF
Lot Size2.07 Acres
Days on Market48
Property Features for 7604-7610 Van Buren Rd 7604
General Information
Standard status
Pending
Size
2,778 SF
Lot size
2.07 Acres
Property subtype
Multi Family
Building Details
Year Built
1950
Listing Agency:
(315) 427-4686
Listed By:
Mandy Saloski
(315) 427-4686
Source:
Elliman
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 27 at 3:15AM
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 Mandy Saloski
Investment Insights
Based on property information with market context.
This unique two-home income property includes two updated residences on 2.07 acres, originally built as a family compound with a mother/grandmother home and a son/daughter-in-law home. The combined square footage is 2,778, with one home at #7610 offering 1,947 square feet and the other at #7604 offering 831 square feet. Both homes are presented as updated and ready for new ownership.
The property is conveniently located near Routes 690 and I-90, supporting access to regional destinations. The setting provides a standalone feel with room on the site for day-to-day use.
For buyers seeking a manageable owner-occupant or rental setup, the layout offers two distinct homes on one parcel. With both units described as updated, it may be well suited for investors looking for a turn-ready configuration or owner-occupants who want space while retaining a separate additional residence.
The property is conveniently located near Routes 690 and I-90, supporting access to regional destinations. The setting provides a standalone feel with room on the site for day-to-day use.
For buyers seeking a manageable owner-occupant or rental setup, the layout offers two distinct homes on one parcel. With both units described as updated, it may be well suited for investors looking for a turn-ready configuration or owner-occupants who want space while retaining a separate additional residence.
Key Highlights
- Two separate updated homes on 2.07 acres in Baldwinsville
- Includes 1,947 SF at #7610 and 831 SF at #7604 (combined 2,778 SF)
- Originally built as a family compound with mother/grandmother and son/daughter‑in‑law homes
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $16.20 |
| − Vacancy | −$2.8k | −$1.00 |
| EGI | $42.2k | $15.20 |
| − OpEx | −$12.7k | −$4.56 |
| NOI | $29.6k | $10.64 |
2,778 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.3K
$369.5K – $492.7K
NOI $29,559 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$374.7K
$327.9K – $437.2K
NOI $26,229 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$482.8K
$422.4K – $563.3K
NOI $33,795 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex-style property with two separate homes on 2.07 acres, ready for new owners.
Where is this duplex located?
The property is located at 7604-7610 Van Buren Rd 7604 Van Buren, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two separate updated homes on 2.07 acres in Baldwinsville; Includes 1,947 SF at #7610 and 831 SF at #7604 (combined 2,778 SF); Originally built as a family compound with mother/grandmother and son/daughter‑in‑law homes
