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8 Beds
3 Baths
3,253 sqft

$479,900

12720 Main Road, Newstead NY, 14001

Price per sqft$147.53
Built in1850
Property size3,253 sqft
Property typeMulti-family

Overview

Active

Listed Sep 2, 2026

Updated 46h ago

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.

$3,193/mo

Est. mortgage payment based on a $479,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
B1711750

Interior Features

Bedrooms
8
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
2.37 Acres

Other Property Details

Taxes
$10,699
Tax Frequency
Annually
Garage
Yes
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Courtesy of NextHome Prosper, Jason D Beck

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Perfect Place, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 7:53 AM UTC, 10/8/2026

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