4957 Main Street Bemus Point, NY $ 989,000
4957 Main Street
$ 989,000
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4957 Main Street

Bemus Point, NY, 14712
$ 989,000
Bedrooms3 Baths3.0 Sq 4,400

Monthly Estimate*

$ 6,245

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Multi-Family Home for sale in Bemus Point, NY

for $989,000 with 3 bedrooms and 3 full baths. This 4,400 square foot home was built in 1972 on a lot size of 0.43.

This is a rare opportunity to own a well maintained income producing property in the heart of Bemus Point, New York. Offering approximately 4,400 square feet across three levels, the property currently includes two spacious residential apartments and three office suites with excellent flexibility for future use. The upper level features an approximately 1,560 square foot apartment with two bedrooms, a loft, and two full bathrooms. The second apartment offers approximately 775 square feet with one bedroom, one full bathroom, and a private deck. All units are equipped with air conditioning. The first floor is currently configured as three professional office suites. Subject to buyer verification, zoning requirements, and municipal approvals, the office space may offer the opportunity to be converted into two additional residential apartments. The property also includes an additional buildable lot measuring approximately 95 x 130 feet, two parking lots, lake rights with a dock slip, and ample off street parking. The seller is willing to negotiate the purchase price if retaining the additional side lot. The owner is relocating the business to another local location and is offering the real estate for sale. The business is not for sale and will continue to operate locally. Whether expanding your investment portfolio or adding value through future redevelopment, this property offers outstanding potential. Projected annual gross rental income is approximately $80,400 in its current configuration, with additional upside possible through future conversion, subject to approvals. Located in the Village of Bemus Point, you'll enjoy convenient access to Chautauqua Lake, restaurants, boutiques, parks, marinas, seasonal events, and year round recreation. Also Under R1699429

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Multi-Family Active

Price

$ 989,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,309

Style

MultiFamily

Lot Size

0.43

Year Built

1972

Town/City

Bemus Point

County/Region

Chautauqua

MLS | Web ID

R1699815

Features
General
Sewer Connected
Heating Gas Zoned Baseboard HotWater
Cooling Zoned CentralAir
Utilities SewerConnected
Possession CloseOfEscrow
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony Deck
Construction Materials VinylSiding
School District Bemus Point
Year Built 1972
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Additional Parcels Description 333.13-3-5
County Chautauqua
Property Type Residential
Subdivision Name Oriental Park Sec K
Rent Includes AllUtilities
Full Baths 3
Status Active
High School Maple Grove Junior-Senior High
City Ellery
Senior Community Y/N No
High School District Bemus Point
Zoning Description Business
Number Of Units Total 2
MLS Area Ellery-063689
Lot Size Units Acres
Lot Size Square Feet 6175.0
Elementary School Bemus Elementary
Year Built Details Existing
Tax Annual Amount 6309.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Bemus Point
Elementary School District Bemus Point
Tax Assessed Value 191900
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 4
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Exterior
Exterior Amenities Balcony Deck HotTubSpa
Parking Features Paved TwoOrMoreSpaces
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Well
Lot Size Area 0.43
Foundation Details Slab
Spa Yes
Building Area Total 4400.0
Lot Dimensions 142X130
Lot Size Acres 0.43
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type CityStreet
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Interior
Flooring Hardwood LuxuryVinyl Varies
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 3
Main Level Bathrooms 0
Total Baths 3
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Internal Only
Street Number 1 4957
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* Excluded Features
List By
Era Team Vp Real Estate

Broker

(716) 708-5000

Phone

Affordability Calculator

$6,770
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,245
Monthly Property Taxes
$526
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
3323131 Elementary School
3219729 Middle School
Maple Grove Junior-Senior High High School
Pricing History
DatePricePrice ChangeDescription
7/19/2026$989,000 Listed Price

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4957 Main Street, Bemus Point, NY, 14712 is a Multi-Family Home for sale at $989,000 with 4,400 sqft and a lot size of 0.43. 4957 Main Street has 3 bedrooms, 3.0 baths, and was built in 1972. The property's zip code is 14712 which is in Bemus Point, NY