Triplex with Two-Street
New
For Sale
$225,000
933 Front Ave, Salamanca, NY 14779
Separate driveways connect the property to R.C. Hoag Drive and Front Avenue.
Property Size2,234 SF
Lot Size3.75 Acres
Days on Market4
Property Features for 933 Front Ave
General Information
Standard status
Active
Size
2,234 SF
Total Parking Spaces
2
Lot size
3.75 Acres
Property subtype
Multi Family
Additional Details
Road Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,076
Building Details
Building Size
2,234 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
VanDyke Agency LLC
Listed By:
Wendellyn K O'Neil · License #30ON0717840
(716) 373-7325
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 7:30AM
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 VanDyke Agency LLC
Investment Insights
Based on property information with market context.
The property includes a four-bedroom home with two apartments, a two-car garage measuring approximately 27 by 37 feet, and about 3.75 developable acres. Built in 1900, the property is currently unrented.
Frontage extends along two streets: approximately 500 feet on R.C. Hoag Drive and approximately 300 feet on Front Avenue. Separate driveways provide access from each road. The property also has a view of the river.
Frontage extends along two streets: approximately 500 feet on R.C. Hoag Drive and approximately 300 feet on Front Avenue. Separate driveways provide access from each road. The property also has a view of the river.
Key Highlights
- Four‑bedroom home with two apartments
- Approximately 3.75 developable acres
- Approximately 500 feet of frontage on R.C. Hoag Drive and 300 feet on Front Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,356
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,120
$287.1K
Cap Rate 7%
$205,086
$205.1K
Cap Rate 9%
$159,511
$159.5K
Market Conditions
NOI Build-Up for 2,234 SF
Gross rent
$22.8K $10.20/SF
− Vacancy
−$2.3K −$1.02/SF
EGI
$20.5K $9.18/SF
− OpEx
−$6.2K −$2.75/SF
NOI
$14.4K $6.43/SF
Area
Cattaraugus County, NY
Vacancy
10.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,120
Cap Rate 7%
$205,086
Cap Rate 9%
$159,511
Alternative Uses
Best Use
Multifamily LT 5
$205.1K
$179.5K – $239.3K
NOI $14,356 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$192.7K
$168.6K – $224.9K
NOI $13,491 @ 7.0% cap · market cap 6.00%
Theoretical Best
Healthcare Medical
$441.5K
$386.3K – $515.1K
NOI $30,907 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 14779, NY
7,191
Population
3,519
Households
2
Avg Household Size
40
Median Age
14%
College-Educated
88%
High-School Grad
138.8 sq mi
ZIP Area
52
Density / Sq Mi
$40,933
Median Household Income
$35,535
Median Earnings
$713
Median Rent
$82,700
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?
Triplex - Separate driveways connect the property to R.C. Hoag Drive and Front Avenue.
Where is this triplex located?
The property is located at 933 Front Ave Salamanca, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑bedroom home with two apartments; Approximately 3.75 developable acres; Approximately 500 feet of frontage on R.C. Hoag Drive and 300 feet on Front Avenue
