Furnished
New
For Sale
$274,900
912 Stafford Rd, Palmyra, NY 14522
Three distinct apartments come equipped with furnishings, with off-street parking and outdoor space on site.
Property Size1,920 SF
Lot Size0.47 Acres
Days on Market2
Property Features for 912 Stafford Rd
General Information
Standard status
Active
Size
1,920 SF
Lot size
0.47 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1.5BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$5,675
Building Details
Building Size
1,920 SF
Year Built
1970
Units
3
Listing Agency:
Keller Williams Realty Gateway
Listed By:
Jennifer L. Habecker · License #10401293180
(585) 256-5428
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:40PM
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 Gateway
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Investment Insights
Based on property information with market context.
This 1970 triplex in Palmyra contains three furnished apartments. The two-story first unit has 2 bedrooms, 1.5 bathrooms, and hardwood floors. The second unit offers 1 bedroom, 1 bathroom, and hardwood floors; the third is a 1-bedroom, 1-bathroom walk-out basement apartment. The property also includes two blacktop driveways and a 0.47-acre lot. Updates have been made throughout the property.
The address is 912 Stafford Rd, Palmyra, NY 14522. The property is near the Joseph Smith Farm, Sacred Grove, and LDS Temple.
The address is 912 Stafford Rd, Palmyra, NY 14522. The property is near the Joseph Smith Farm, Sacred Grove, and LDS Temple.
Key Highlights
- Three furnished apartments: 2‑bedroom, 1.5‑bath; 1‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath walk‑out basement unit
- First apartment spans two stories and has hardwood floors; hardwood floors are also noted in the second apartment
- Two blacktop driveways provide off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,375
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,500
$327.5K
Cap Rate 7%
$233,929
$233.9K
Cap Rate 9%
$181,944
$181.9K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$26.5K $13.80/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$23.4K $12.18/SF
− OpEx
−$7.0K −$3.66/SF
NOI
$16.4K $8.53/SF
Area
Wayne County, NY
Vacancy
11.71%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,500
Cap Rate 7%
$233,929
Cap Rate 9%
$181,944
Alternative Uses
Best Use
Multifamily LT 5
$233.9K
$204.7K – $272.9K
NOI $16,375 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$206.3K
$180.5K – $240.7K
NOI $14,442 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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Business Placement
Demographics for 14522, NY
9,028
Population
4,313
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
89%
High-School Grad
45.5 sq mi
ZIP Area
198
Density / Sq Mi
$80,368
Median Household Income
$47,771
Median Earnings
$940
Median Rent
$148,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct apartments come equipped with furnishings, with off-street parking and outdoor space on site.
Where is this triplex located?
The property is located at 912 Stafford Rd Palmyra, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Three furnished apartments: 2‑bedroom, 1.5‑bath; 1‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath walk‑out basement unit; First apartment spans two stories and has hardwood floors; hardwood floors are also noted in the second apartment; Two blacktop driveways provide off‑street parking
