30 Lake St · Perry, NY 14530

$139,900

4 bd · 2.0 ba · 1,710 sqft · MultiFamily public records · 64 Days on market

Built 1890 5,132 sqft lot $82/sqft · 30% below area Est $199k · 30% under

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Why this score? — see what drove the B 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 +27.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +9.2/10.0
• Schools +4.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

Key facts

• Renovated duplex
• Large kitchen
• Separate entrances

Tags

• RENOVATED DUPLEX
• SEPARATE ENTRANCES
• PARKING FOR EACH UNIT
• SPACIOUS LIVING ROOM
• LARGE KITCHEN
• WASHER AND DRYER HOOKUPS

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $140k.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive. Per door: $207/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 4.2% in Perry — 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 72/100 on livability (#348 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment D+, amenities F, commute F.
• Perry Central School District (rural): math 53% / reading 63% proficiency, ranked #272 of 590 in NY (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 23 active listings in the ZIP; 83 units permitted in Wyoming County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wyoming County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $77k; list at $140k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.42% ✓
• Cap rate: 9.84%
• Cash-on-cash: 12.66%
• DSCR: 1.56
• GRM: 5.9

CMA / ARV

• ARV (median comp): $199,371
• List price: $139,900
• Delta: -29.83%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
33 Benedict St	0.43mi	4/2.0	1,564 (-8%)	20mo	$90,000	$58	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 2.5%
• Equity multiple: 1.10×
• Total profit: $3,795
• Equity at exit: $20,860

10-year hold

• IRR: 12.2%
• Equity multiple: 1.96×
• Total profit: $37,791
• Equity at exit: $12,096

Cash invested: $39,172 (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 14530

• Home prices YoY: -4.0%
• Active inventory: 23
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,988 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$365 /mo · $4,384/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $413

Break-even live

Break-even rent $1,465

Max offer price $139,900

Occupancy floor 74%

Sensitivity live

Price	-10% $492	-5% $453	+0% $413	+5% $374	+10% $334
Rent	-10% $256	-5% $335	+0% $413	+5% $492	+10% $570
Rate	-1.0pp $484	-0.5pp $449	base $413	+0.5pp $377	+1.0pp $340

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,988
Total (2 units)			$1,988

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-14
   status Pending 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

2. 2026-05-11
   historical Active Under Contract 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

3. 2026-05-08
   price $139,900 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

4. 2026-05-07
   price $149,900 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

5. 2026-04-23
   price $159,900 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

6. 2026-04-12
   price $164,900 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

7. 2026-03-11
   listed $169,900 Active 1028-char remark

   Show marketing remark (1028 chars)

   Calling all investors! This renovated duplex is ready for tenants and is the perfect opportunity to start or expand your investment portfolio. Featuring both upper and lower units, each offering two bedrooms, this property provides flexibility for owner-occupants or investors alike. Separate entrances and parking for each unit offer added privacy and convenience. The lower unit includes a spacious living room, dining room, and a large kitchen with washer and dryer hookups. The upper unit features a comfortable living/dining room combination, and one of the bedrooms could easily function as a home office or flex space. (Upper unit does not currently have laundry hookups. ) Live in one unit while generating income from the other, or rent both for a solid investment opportunity. Ideally located just a short walk from Perry’s charming Main Street, where you can enjoy local shops, brewery, restaurants, gym, and farmer's market. Don’t miss this opportunity to own a great property in a fantastic location!

8. 2024-11-01
   soldstatus $76,800

ⓘ 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: $4,384 · $365/mo
• Projected year-2 tax: $4,384 · $365/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,856
• − Mortgage interest: −$7,837
• − Property taxes: −$4,384
• − Insurance: −$700
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − Depreciation: −$4,070
• Taxable income: $3,049
• Est. tax owed @ 24.0%: −$732
• After-tax cash flow: $4,227/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: Perry Central School District
• NCES district ID: 3622770
• Math proficiency: 53% ▼ -7.00%
• Reading proficiency: 63% ▲ 12.00%
• Median HH income: $48,386
• Composite: 49.23/100
• National rank: #2036
• State rank: #272 of 590 in NY

Livability — Perry

• Score: 72/100
• State rank: #348
• US rank: #5898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Perry, NY
• Population (ZIP): 6,396

Population outlook (Wyoming County) Hauer SSP2

• Today (2025): 38,976 people
• By 2030: 37,826 · -3.0%
• By 2040: 35,585 · -8.7%
• By 2050: 32,841 · -15.7%
• By 2075: 25,920 · -33.5%
• By 2100: 19,082 · -51.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Black 5% Two or more races 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 3% Danish 3% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Wyoming

• 2024 margin: Solid R (+48.2) · D 25.9% · R 74.1%
• 2008→2024 swing: -22.1pp toward R · 2008: -26.1pp · 2024: -48.2pp
• All cycles: 2024: R+48.2 2020: R+45.5 2016: R+51.0 2012: R+29.6 2008: R+26.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -10.45%
• Current HPI: 250.8251
• 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

+82.2% since first listed

8 events — show timeline

• 2026-05-14 Pending — UNYREIS
• 2026-05-11 Contingent — UNYREIS
• 2026-05-08 Price Changed $139,900 UNYREIS
• 2026-05-07 Price Changed $149,900 UNYREIS
• 2026-04-23 Price Changed $159,900 UNYREIS
• 2026-04-12 Price Changed $164,900 UNYREIS
• 2026-03-11 Listed $169,900 UNYREIS
• 2024-11-01 Sold (Public Records) $76,800 Public Records

Property tax history

+4.7%/yr

Latest (2025): $4,384 · +18.8% YoY. Source: county tax records.