12720 Main Road Newstead, NY $ 489,900
12720 Main Road
$ 489,900
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12720 Main Road

Newstead, NY, 14001
$ 489,900
Bedrooms8 Baths3.0 Sq 3,253

Monthly Estimate*

$ 3,093

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Multi-Family Home for sale in Newstead, NY

for $489,900 with 8 bedrooms and 3 full baths. This 3,253 square foot home was built in 1850 on a lot size of 2.37.

Investment opportunity with multiple income streams, exceptional flexibility, and room to grow. 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.

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Multi-Family Active

Price

$ 489,900

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,164

Style

Duplex,Triplex

Lot Size

2.37

Year Built

1850

Town/City

Newstead

County/Region

Erie

MLS | Web ID

B1699033

Features
Interior
Interior Amenities CeilingFans SlidingGlassDoors Storage NaturalWoodwork
Basement Partial
Flooring Carpet Laminate LuxuryVinyl Tile Varies
Total Fireplaces 1
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Laundry Features WasherHookup
Total Bedrooms 8
Main Level Bathrooms 0
Total Baths 3
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General
Sewer SepticTank
Heating Gas Baseboard Radiators Radiant
Utilities CableAvailable HighSpeedInternetAvailable WaterConnected
Possession CloseOfEscrow
Roof Asphalt Metal Shingle
Appliances GasWaterHeater
Garage Spaces 3.0
Patio/Porch Features Covered Porch
Architectural Style Duplex Triplex
Construction Materials Frame VinylSiding CopperPlumbing
School District Akron
Year Built 1850
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Duplex
County Erie
Property Type Residential
Garage Y/N Yes
Rent Includes Gardener SnowRemoval TrashCollection Water
Full Baths 3
Status Active
Directions 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.
City Newstead
Senior Community Y/N No
High School District Akron
Zoning Description Commercial
Number Of Units Total 3
MLS Area Newstead-145689
Lot Size Units Acres
Lot Size Square Feet 103237.0
Year Built Details Existing
Tax Annual Amount 7164.0
Property Condition Resale
Structure Type Duplex
Standard Status Active
Middle/Junior School District Akron
Elementary School District Akron
Tax Assessed Value 485800
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 35
Property Sub Type Additional Duplex
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Exterior
Exterior Amenities EnclosedPorch Porch PrivateYard SeeRemarks
Parking Features Common Paved TwoOrMoreSpaces
Lot Features Rectangular RectangularLot
Water Source Connected Public
Lot Size Area 2.37
Foundation Details Block Stone Slab
Building Area Total 3253.0
Lot Dimensions 212X489
Lot Size Acres 2.37
Waterfront Y/N No
Door Features SlidingDoors
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type MainThoroughfare
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Internal Only
Street Number 1 12720
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* Excluded Features
List By
Nexthome Brixwood

Broker

(585) 322-6784

Phone

Affordability Calculator

$3,690
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,093
Monthly Property Taxes
$597
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3041106 Elementary School
3040147 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$489,900 Listed Price

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12720 Main Road, Newstead, NY, 14001 is a Multi-Family Home for sale at $489,900 with 3,253 sqft and a lot size of 2.37. 12720 Main Road has 8 bedrooms, 3.0 baths, and was built in 1850. The property's zip code is 14001 which is in Newstead, NY