3-Unit
For Sale
Contact for pricing
94 E 2nd Street, Dunkirk, NY 14048
This vacant building is offered as-is, with no representations about its condition, systems, or code compliance.
Property Size2,615 SF
Price / SF$7.65
Days on Market92
Property Features for 94 E 2nd Street
General Information
Standard status
Active
Size
2,615 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,441
Building Details
Building Size
2,615 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Andrew J Marlinski · License #10401244569
(716) 392-6592
Source:
Cowanesquelakerealty
Added: Aug 5
Changed: Oct 28
Last Checked: Nov 3 at 6:32AM
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 WNY
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Investment Insights
Based on property information with market context.
This vacant triplex contains three units and measures 2,615 square feet. Tax records list four bedrooms and three full bathrooms; the current layout and property details should be verified independently. The building dates to 1900 and is being sold as-is, with no representations regarding its condition, systems, code compliance, or repair needs.
Key Highlights
- Three‑unit residential property
- 2,615 square feet
- Tax records show 4 bedrooms and 3 full bathrooms; verify the current layout and details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,797
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,940
$395.9K
Cap Rate 7%
$282,814
$282.8K
Cap Rate 9%
$219,967
$220.0K
Market Conditions
NOI Build-Up for 2,615 SF
Gross rent
$41.4K $15.84/SF
− Vacancy
−$5.4K −$2.08/SF
EGI
$36.0K $13.76/SF
− OpEx
−$16.2K −$6.19/SF
NOI
$19.8K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,940
Cap Rate 7%
$282,814
Cap Rate 9%
$219,967
Alternative Uses
Best Use
Multifamily LT 5
$309.1K
$270.5K – $360.6K
NOI $21,638 @ 7.0% cap · market cap 108.19%
Second Best
Apartment 5plus
$282.8K
$247.5K – $330.0K
NOI $19,797 @ 7.0% cap · market cap 98.99%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,789 @ 7.0% cap · market cap 273.95%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
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Business Placement
Demographics for 14048, NY
15,062
Population
7,506
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
655
Density / Sq Mi
$52,971
Median Household Income
$34,200
Median Earnings
$905
Median Rent
$98,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - This vacant building is offered as-is, with no representations about its condition, systems, or code compliance.
Where is this triplex located?
The property is located at 94 E 2nd Street Dunkirk, NY.
What are key features of this property?
This property features: Three‑unit residential property; 2,615 square feet; Tax records show 4 bedrooms and 3 full bathrooms; verify the current layout and details
