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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,253 sqft
Price per Sqft $150
MLS Listing ID B1699033
Style Duplex,Triplex
Bedrooms 8
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1850
Annual Tax Amount $7,164
Lot Size 2.370 Acres
Acres 2.37
Lot Dimensions 212X489
Property Sub-Type Duplex
Property Description
Situated on 2.37 acres along Route 5 (Main Road) in Akron, this unique property features three separate structures and offers an outstanding opportunity for investors, owner-occupants, or entrepreneurs looking to capitalize on a high-traffic corridor with excellent long-term potential.
The main house is configured as a duplex with two income-producing units. The larger apartment offers 4 beds and 1 full bath, generous living space, and in-unit laundry, while the second apartment includes 1 bed and 1 full bath, making it ideal for a variety of tenant types. Behind the main home sits a separate 3-bed apartment with its own entrance and two attached garage spaces, providing additional privacy and strong rental appeal. Together, the property currently consists of three residential units, all tenant occupied.
Completing the property is a substantial barn/shop, offering tremendous flexibility for storage, equipment, hobby space, workshop use, or future business-related possibilities (subject to applicable approvals). Combined with the expansive lawn stretching behind the buildings, there's plenty of room for outdoor storage, recreation, or future enhancements. The open green space creates a setting that's uncommon for an income property and adds to its long-term value.
Located on Route 5 in the Town of Newstead, the property enjoys outstanding accessibility and visibility. With continued commercial activity and development along the corridor, the location presents exciting future growth potential while remaining just minutes from the Village of Akron. Buffalo, the Buffalo Niagara International Airport, and the NYS Thruway are all within an easy drive, making this an attractive location for both tenants and investors seeking convenient regional access.
All units are tenant occupied. Showings are restricted to designated days and times and require advance notice. Please do not enter the property without an agent and an appointment. There is not a real estate sign on the property.
Location
State NY
County Erie
Area Newstead-145689
Direction From the intersection of Route 5 and Route 93, head west on Route 5. The property is on the right (north) side almost directly across from S Newstead Rd.
Rooms
Basement Partial
Interior
Interior Features Ceiling Fan(s), Sliding Glass Door(s), Storage, Natural Woodwork
Heating Gas, Baseboard, Radiator(s), Radiant
Flooring Carpet, Laminate, Luxury Vinyl, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Enclosed Porch, Porch, Private Yard, See Remarks
Garage Spaces 3.0
Utilities Available Cable Available, High Speed Internet Available, Water Connected
Roof Type Asphalt,Metal,Shingle
Porch Covered, Porch
Garage Yes
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Foundation Block, Stone, Slab
Sewer Septic Tank
Water Connected, Public
Architectural Style Duplex, Triplex
Level or Stories Two
Structure Type Frame,Vinyl Siding,Copper Plumbing
Construction Status Existing
Schools
School District Akron
Others
Senior Community No
Tax ID 145689-061-000-0001-035-110
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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