Active
1 Erie Street North, Macedon NY 14502
MLS# R1688848
$225,000
Price
5
Beds
3
Baths
2,338
Living Area (Sq.Ft.)
0.32
Lot Area (Acres)
$225,000
Price
5
Beds
3
Baths
2,338
Living Area (Sq.Ft.)
0.32
Lot Area (Acres)
Prime Investment Opportunity: Versatile 3-Family Property with Owner Financing Available! <br>1 N Erie St, Macedon, NY 14502 <br>Gross Monthly Revenue: $3,100 <br>Square footage includes the garage apartment <br> <br>Price: $225,000 <br> <br>Property Overview: <br>Unlock incredible cash flow or live for next to nothing with this unique, multi-unit residential property in the heart of Macedon! Situated on a spacious lot in the Palmyra-Macedon School District, this 3-family property offers an ideal setup for an investor looking to expand their portfolio or an owner-occupant wanting their tenants to pay the mortgage. <br> <br>The Units: <br>The property features an intelligent layout spread across a main house and a detached multi-story garage structure, offering excellent privacy for all tenants: <br> <br>Main House: Features two distinct, easy-to-rent apartments. <br> <br>Detached 2-Story Garage: Features a private, third apartment situated entirely on the second floor above the garage spaces. <br> <br>Key Features & Recent Updates <br>Peace of mind comes standard here. The owner has taken excellent care of the major capital expenditures, meaning you can collect rent without worrying about immediate overhead. Recent improvements include: <br> <br>Main House: Newer metal roof for ultimate durability and low maintenance, sewer line, updated electrical system featuring newly installed panel boxes. <br> <br>Numerous upgraded windows and numerous cosmetic improvements throughout. <br> <br>Tenant-Paid Utilities: Separate gas and electric meters keep your landlord expenses incredibly low. Owner pays water and garbage removal. <br> <br>Flexible Seller Terms <br>Opportunities like this don't come along often—the owner will consider holding the mortgage for a well-qualified buyer with a 30% down payment. Skip the strict bank guidelines and take advantage of flexible owner-financing terms to secure your next asset. <br> <br>Whether you're looking to capitalize on a $3,100/month turnkey revenue stream or want to live in one unit and have the tenants pay the majority of your living expenses, this property is a great investment. <br> <br>Schedule your private showing today and explore the potential! The seller is reviewing all offers on Tuesday, June 16, 2026
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1870
Parcel Number
543000-062-111-0008-889-934-0000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Building Area Source
Assessor
Lot Size Dimensions
109X118
Stories
2
Bath Rooms Full
3
Property Condition
Resale
Elementary School District
Palmyra-Macedon
Middle Or Junior School District
Palmyra-Macedon
High School District
Palmyra-Macedon
Location
Listing Agent
Kimberlee J. Meeks
Listing Office
Doebler Realty, LLC
Owner Name
--
Owner Phone
--
Possession
SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, Owner Will Carry
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-09
Owner Pays
Water
Rent Includes
Water
Gross Income
37200
Net Operating Income
29727
Fire Places Total
0
Interior Features
Natural Woodwork
Flooring
Carpet, Varies, Vinyl
Heating
true
Heating Features
Gas, Forced Air
Appliances
Gas Water Heater
Electric
Circuit Breakers, Fuses
Window Features
ThermalWindows
Garage
true
Garage Spaces
2
Architectural Style
Triplex
Exterior Features
Enclosed Porch, Porch
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt, Metal
Utilities
Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Parking Features
Garage, Paved, Two Or More Spaces
Basement
Full
Construction Materials
Composite Siding, Copper Plumbing
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.