Closed

$68,500

118 Madison St, Wellsville, NY 14895

6beds

3,763sqft

Multi Family

Built in 1875

-- sqft lot

$112,200 Zestimate^®

$18/sqft

$1,110 Estimated rent

Home value

$112,200

$90,000 - $137,000

$1,110/mo

Zestimate^® history

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$1,110/mo

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$1,110/mo

Rent Zestimate^®

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$457/mo

Est. payment

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$457/mo

Est. payment

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What's special

Great Investment Opportunity! This 2 story house is a 3 unit apartment complex. The downstairs apartment A is a large 2 bedroom, 1 full bath unit, and apartment B is a 1 bedroom, 1 full bath unit. The upper apartment C is a large 3 bedroom, 1 bathroom unit with laundry hookup. The property has electric baseboard for heat, gas cookstoves and public water and sewer. All 3 units are currently rented with a total income of $2,200 per month. The tenants pay all utilities. Off street parking is available for all units. The lot size is 0.16 acres. The property is within walking distance to the local shops, stores and restaurants. Also, it is just a short drive to the Alfred State Wellsville campus.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Electric, Baseboard

Appliances

Included: Electric Water Heater

Features

Ceiling Fan(s)
Flooring: Other, See Remarks
Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,763
Total interior livable area: 3,763 sqft

Property

Parking

Parking features: Two or More Spaces

Features

Levels: Two
Stories: 2

Lot

Size: 6,969 Square Feet
Dimensions: 67 x 110
Features: Residential Lot

Details

Parcel number: 02700123900900010050000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt

Condition

Resale
Year built: 1875

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Location

Region: Wellsville

Financial & listing details

Price per square foot: $18/sqft
Tax assessed value: $87,000
Annual tax amount: $5,310
Date on market: 5/8/2023
Cumulative days on market: 14 days
Listing terms: Other,See Remarks

Price history

Date	Event	Price
8/23/2023	Sold	$68,500-2%$18/sqft
Source: NYSAMLSs #S1469520 Report a problem
5/22/2023	Pending sale	$69,900$19/sqft
Source: NYSAMLSs #S1469520 Report a problem
5/8/2023	Listed for sale	$69,900+210.7%$19/sqft
Source: NYSAMLSs #S1469520 Report a problem
9/6/2019	Sold	$22,500$6/sqft
Source: NYSAMLSs #R1171545 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$126,000 +44.8%
2024	--	$87,000
2023	--	$87,000
2022	--	$87,000
2021	--	$87,000
2020	--	$87,000
2019	--	$87,000
2018	--	$87,000
2017	--	$87,000
2016	--	$87,000
2015	--	$87,000
2014	--	$87,000 +54%
2013	--	$56,500
2012	--	$56,500
2011	--	$56,500
2010	--	$56,500
2009	--	$56,500
2008	--	$56,500
2007	--	$56,500
2006	--	$56,500
2005	--	$56,500
2004	--	$56,500
2003	--	$56,500 +28.4%
2002	--	$44,000
2001	--	$44,000