3971 Route 430 · Bemus Point, NY 14712

$324,000

4 bd · 2.0 ba · 1,542 sqft · MultiFamily public records · 8 Days on market

Built 1915 9,750 sqft lot

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.7/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.6/10.0
• Schools +5.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Experience the charm of lakeside living with this rare lakefront side-by-side duplex offering 50 feet of prime frontage on Chautauqua Lake. This unique property features two well-appointed units, each designed for comfort and relaxation with two bedrooms, one full bath, a functional kitchen, and an open-concept living and dining area that maximizes space and natural light. Perfectly suited for seasonal enjoyment, both units open to a shared lakeside setting that includes an enclosed porch and a front-facing deck—ideal for soaking in peaceful water views, entertaining guests, or enjoying quiet mornings by the lake. Being sold fully furnished, this three-season cottage is truly turnkey, making it an excellent opportunity for personal use, a retreat, or an income-generating investment. With the ability to short-term rent, this property offers strong income potential and flexibility for owners. Conveniently located just a short walk to the Village of Bemus Point, you’ll enjoy easy access to local shops, restaurants, and entertainment while still having your own private waterfront escape. Don’t miss your chance to own a versatile lakefront property with both lifestyle appeal and investment opportunity.

Key facts

• Front-facing deck
• Enclosed porch
• 9,750 sq ft lot

Tags

• 50 FEET OF PRIME FRONTAGE
• SHARED LAKESIDE SETTING
• ENCLOSED PORCH
• FRONT-FACING DECK
• PRIVATE WATERFRONT ESCAPE

Property features AI

Finance

• Other: Lot dimensions approximately 50 x 195 (0.2238 acre)
• Financial info: Financial details withheld
• HOA & community: No HOA information specified

Exterior

• Parking: No garage; No driveway
• Security: No security features specified
• Utilities: Well water; Sewer connected
• Home design: Two-story existing building; Resale property; Wood siding
• Construction: Wood siding construction; Pillar/post/pier foundation
• Exterior features: Rectangular lot; Beach access to Chautauqua Lake; Lakefront with 50' frontage

Interior

• Kitchen: Gas oven; Gas range; Refrigerator
• Bedrooms: Bedrooms information not specified
• Flooring: Carpet; Varies
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Gas heating; Space heater
• Interior features: Separate/formal living room; Combined living/dining area; Two fireplaces
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $324k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $324k).
• Cap rate 7.9% vs local median 1.8% in Bemus Point — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#539 in NY) — a middle-class / working-renter tenant base. Strengths: crime A, cost of living A, health & safety A; Watch: amenities F, commute F, employment F.
• Bemus Point Central School District (rural): math 65% / reading 61% proficiency, ranked #238 of 755 in NY (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 47 active listings in the ZIP; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $35k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
• Chautauqua County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $91k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $324,000

Questions for the listing agent

1. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.83%
• DSCR: 1.26
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.9%
• Equity multiple: 3.21×
• Total profit: $200,421
• Equity at exit: $291,885

10-year hold

• IRR: 24.3%
• Equity multiple: 7.30×
• Total profit: $571,696
• Equity at exit: $629,461

Cash invested: $90,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14712

• Home prices YoY: 15.3%
• Active inventory: 47
• Price-to-rent: 15.7×

Monthly cashflow live

• Estimated rent: $3,448 medium
• Mortgage (P&I): −$1,699
• Tax from tax record: −$449 /mo · $5,388/yr
• Insurance: −$135
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$724
• Net cashflow: $374

Break-even live

Break-even rent $2,974

Max offer price $324,000

Occupancy floor 84%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,448
Total (2 units)			$3,448

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $81,000
• Closing costs: $9,720
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $324,000 Active 8 DOM
2. 2026-06-18
   days on market $324,000 Active 7 DOM
3. 2026-06-17
   days on market $324,000 Active 6 DOM
4. 2026-06-16
   days on market $324,000 Active 5 DOM
5. 2026-06-16
   status $324,000 Active 4 DOM
6. 2026-05-01
   status Pending 1234-char remark

   Show marketing remark (1234 chars)

   Experience the charm of lakeside living with this rare lakefront side-by-side duplex offering 50 feet of prime frontage on Chautauqua Lake. This unique property features two well-appointed units, each designed for comfort and relaxation with two bedrooms, one full bath, a functional kitchen, and an open-concept living and dining area that maximizes space and natural light. Perfectly suited for seasonal enjoyment, both units open to a shared lakeside setting that includes an enclosed porch and a front-facing deck—ideal for soaking in peaceful water views, entertaining guests, or enjoying quiet mornings by the lake. Being sold fully furnished, this three-season cottage is truly turnkey, making it an excellent opportunity for personal use, a retreat, or an income-generating investment. With the ability to short-term rent, this property offers strong income potential and flexibility for owners. Conveniently located just a short walk to the Village of Bemus Point, you’ll enjoy easy access to local shops, restaurants, and entertainment while still having your own private waterfront escape. Don’t miss your chance to own a versatile lakefront property with both lifestyle appeal and investment opportunity.

7. 2026-05-01
   status Pending

   Show marketing remark (1234 chars)

   Experience the charm of lakeside living with this rare lakefront side-by-side duplex offering 50 feet of prime frontage on Chautauqua Lake. This unique property features two well-appointed units, each designed for comfort and relaxation with two bedrooms, one full bath, a functional kitchen, and an open-concept living and dining area that maximizes space and natural light. Perfectly suited for seasonal enjoyment, both units open to a shared lakeside setting that includes an enclosed porch and a front-facing deck—ideal for soaking in peaceful water views, entertaining guests, or enjoying quiet mornings by the lake. Being sold fully furnished, this three-season cottage is truly turnkey, making it an excellent opportunity for personal use, a retreat, or an income-generating investment. With the ability to short-term rent, this property offers strong income potential and flexibility for owners. Conveniently located just a short walk to the Village of Bemus Point, you’ll enjoy easy access to local shops, restaurants, and entertainment while still having your own private waterfront escape. Don’t miss your chance to own a versatile lakefront property with both lifestyle appeal and investment opportunity.

8. 2026-04-27
   listed $324,000 Active 1234-char remark

   Show marketing remark (1234 chars)

   Experience the charm of lakeside living with this rare lakefront side-by-side duplex offering 50 feet of prime frontage on Chautauqua Lake. This unique property features two well-appointed units, each designed for comfort and relaxation with two bedrooms, one full bath, a functional kitchen, and an open-concept living and dining area that maximizes space and natural light. Perfectly suited for seasonal enjoyment, both units open to a shared lakeside setting that includes an enclosed porch and a front-facing deck—ideal for soaking in peaceful water views, entertaining guests, or enjoying quiet mornings by the lake. Being sold fully furnished, this three-season cottage is truly turnkey, making it an excellent opportunity for personal use, a retreat, or an income-generating investment. With the ability to short-term rent, this property offers strong income potential and flexibility for owners. Conveniently located just a short walk to the Village of Bemus Point, you’ll enjoy easy access to local shops, restaurants, and entertainment while still having your own private waterfront escape. Don’t miss your chance to own a versatile lakefront property with both lifestyle appeal and investment opportunity.

9. 2026-04-27
   listed $324,000 Active

   Show marketing remark (1234 chars)

   Experience the charm of lakeside living with this rare lakefront side-by-side duplex offering 50 feet of prime frontage on Chautauqua Lake. This unique property features two well-appointed units, each designed for comfort and relaxation with two bedrooms, one full bath, a functional kitchen, and an open-concept living and dining area that maximizes space and natural light. Perfectly suited for seasonal enjoyment, both units open to a shared lakeside setting that includes an enclosed porch and a front-facing deck—ideal for soaking in peaceful water views, entertaining guests, or enjoying quiet mornings by the lake. Being sold fully furnished, this three-season cottage is truly turnkey, making it an excellent opportunity for personal use, a retreat, or an income-generating investment. With the ability to short-term rent, this property offers strong income potential and flexibility for owners. Conveniently located just a short walk to the Village of Bemus Point, you’ll enjoy easy access to local shops, restaurants, and entertainment while still having your own private waterfront escape. Don’t miss your chance to own a versatile lakefront property with both lifestyle appeal and investment opportunity.

10. 2026-04-10
    soldstatus $300,000 Closed 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

11. 2026-02-02
    status Pending 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

12. 2026-01-07
    price $324,000 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

13. 2025-09-02
    status Active 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

14. 2025-07-29
    historical Active Under Contract 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

15. 2025-07-07
    price $329,000 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

16. 2025-06-16
    listed $349,000 Active 1017-char remark

    Show marketing remark (1017 chars)

    A rare opportunity awaits at 3971 Route 430 in Bemus Point — a true lakefront duplex with 50 feet of flat, accessible frontage on beautiful Chautauqua Lake. This unique property features two side-by-side units, each offering 2 bedrooms, 1 full bathroom, a kitchen, and an open-concept living and dining area. Both units share a spacious enclosed lakeside porch and a generous lake-facing front deck — perfect for enjoying panoramic views and entertaining by the water. The property is offered fully furnished except for a short list of exclusions - please ask your realtor to download and share the list of exclusions. Whether you're looking for a summer retreat or a rental investment, this flexible layout provides excellent potential. Use one unit and rent the other, or enjoy the entire property with extended family and friends. The flat lakefront makes swimming, boating, and lake life easily accessible. Just minutes from the Village of Bemus Point and all the amenities of the lakefront lifestyle.

17. 2013-05-07
    soldstatus $110,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,388 · $449/mo
• Projected year-2 tax: $5,432 · $453/mo
• Expected delta: +$44/yr (+$4/mo · 0.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥90°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,376
• − Mortgage interest: −$18,149
• − Property taxes: −$5,388
• − Insurance: −$2,418
• − Repairs & maintenance: −$3,310
• − Management: −$3,310
• − Depreciation: −$9,425
• Taxable loss: −$625
• Est. tax savings @ 24.0%: +$150
• After-tax cash flow: $4,642/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bemus Point Central School District
• NCES district ID: 3604530
• Math proficiency: 65% ▼ -4.00%
• Reading proficiency: 61% ▼ -9.00%
• Median HH income: $50,968
• Composite: 55.15/100
• National rank: #2753
• State rank: #238 of 755 in NY

Livability — Bemus Point

• Score: 68/100
• State rank: #539
• US rank: #9687

Category grades

Amenities F Commute F Cost of living A Crime A Employment F Housing B- Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,079

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Iranian 3% Romanian 3% Slovak 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 48.79%
• Current HPI: 368.206
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+194.5% since first listed

12 events — show timeline

• 2026-05-01 Pending — UNYREIS
• 2026-05-01 Pending — UNYREIS
• 2026-04-27 Listed $324,000 UNYREIS
• 2026-04-27 Listed $324,000 UNYREIS
• 2026-04-10 Sold (MLS) $300,000 UNYREIS
• 2026-02-02 Pending — UNYREIS
• 2026-01-07 Price Changed $324,000 UNYREIS
• 2025-09-02 Relisted — UNYREIS
• 2025-07-29 Contingent — UNYREIS
• 2025-07-07 Price Changed $329,000 UNYREIS
• 2025-06-16 Listed $349,000 UNYREIS
• 2013-05-07 Sold (Public Records) $110,000 Public Records

Property tax history

-2.1%/yr

Latest (2025): $5,388 · +0.6% YoY. Source: county tax records.