Technical
Financial
Distress signals
Property profile

67 Franklin St Auburn, NY 13021

FOR LEASE
Investment properties
Property ID
US63-6038803
1,031 SF 0.07 ac lot Built 1960
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses two adjacent properties at 65 and 67 Franklin Street in Auburn, NY. The package includes a substantial 2,500+ square foot ground floor commercial space at 65 Franklin Street, divisible into two separate units, each with its own entrance, bathroom, and utilities. This presents a versatile option for owner-operators or leasing to multiple tenants. Above this commercial space are five fully occupied apartments generating consistent rental income. Many apartments and common areas have recently undergone light renovations. All units benefit from separate utilities for simplified management. The adjacent property, 67 Franklin Street, offers a remodeled 1,720 square foot commercial space currently leased at $1,000 per month, featuring a newer roof. The 0.07-acre lot provides ample space, and convenient short-term street parking is readily available. This combined property offers a compelling blend of commercial and residential income streams, making it an attractive investment for those seeking a diversified portfolio. The separate utilities for each unit simplify management and tracking of expenses. This turnkey opportunity is ready for immediate income generation.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Total area 1,031 SF
Lot 0.07 ac (3,049 SF)
Zoning code NC
APN 050100 116.31-1-38
UPID US63-6038803

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

67 Franklin St Auburn, NY 13021
Auburn metro Census 41500 AUBURN, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2019
$21,100
2019
Price N/A

Zoning & alternative use

NC · Auburn, NY
Zoning description

NC Neighborhood Commercial District. A. Purpose and intent. The purpose of the Neighborhood Commercial District (NC) is to promote well-designed medium- and small-scale commercial development compatible with surrounding…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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