Updated Two-Unit
For Sale
$259,900
8472 North Main Street, Eden, NY 14057
Each apartment has its own entrance and utility service, with laundry facilities serving both units.
Property Size3,040 SF
Days on Market13
Property Features for 8472 North Main Street
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,166
Amenities
off-street parking
garage
spacious backyard
first-floor laundry
shared laundry area
full basement
Building Details
Building Size
3,040 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Tammy DeLong · License #10401300274
(716) 903-5148
Source:
Highfallssir
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 10:54PM
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
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Investment Insights
Based on property information with market context.
This 1940 duplex contains two apartments with separate entrances and individual utilities. The first-floor residence has two bedrooms, a full kitchen and bath, vinyl flooring, updated windows, storage, and its own laundry. Upstairs, the second apartment includes a bedroom with a walk-in closet, a living room with hardwood flooring and recessed lighting, an updated kitchen, and a bathroom with tile finishes. Residents also have access to shared laundry space.
The property includes a full basement, garage, off-street parking, and a backyard. Its two-unit arrangement supports occupancy of one apartment alongside rental use of the other.
The property includes a full basement, garage, off-street parking, and a backyard. Its two-unit arrangement supports occupancy of one apartment alongside rental use of the other.
Key Highlights
- Two apartments with separate entrances and individual utilities
- First‑floor unit has two bedrooms and private laundry
- Second‑floor apartment includes a walk‑in closet and access to shared laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,546
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,920
$390.9K
Cap Rate 7%
$279,229
$279.2K
Cap Rate 9%
$217,178
$217.2K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$42.0K $13.80/SF
− Vacancy
−$14.0K −$4.61/SF
EGI
$27.9K $9.19/SF
− OpEx
−$8.4K −$2.76/SF
NOI
$19.5K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,920
Cap Rate 7%
$279,229
Cap Rate 9%
$217,178
Alternative Uses
Best Use
Multifamily LT 5
$279.2K
$244.3K – $325.8K
NOI $19,546 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,552 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$664.6K
$581.5K – $775.3K
NOI $46,519 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 14057, NY
7,915
Population
3,230
Households
2.5
Avg Household Size
47
Median Age
33%
College-Educated
96%
High-School Grad
46.2 sq mi
ZIP Area
171
Density / Sq Mi
$88,750
Median Household Income
$47,083
Median Earnings
$837
Median Rent
$237,800
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 - Each apartment has its own entrance and utility service, with laundry facilities serving both units.
Where is this duplex located?
The property is located at 8472 North Main Street Eden, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two apartments with separate entrances and individual utilities; First‑floor unit has two bedrooms and private laundry; Second‑floor apartment includes a walk‑in closet and access to shared laundry
