CCertihomes
101 Main Street, Phelps, NY 14532

$375,000

4 beds 3 baths 8,298 sqft Built 183968 days on marketActive

About this home

Also listed as R1609836. Presenting a RARE opportunity to acquire a distinguished and highly sought-after “PRIME” piece of real estate, renowned within the community and boasting a loyal clientele built over 60 years. This prime property, situated in a high-traffic area, promises a lucrative investment with substantial potential for continued success. The building encompasses 8, 298 sq. ft. and features: Versatile Retail Spaces: 2 or 3 ground-floor retail spaces ideal for a variety of uses including a store front, hair salon, restaurant, or event space with expansive front windows, ensuring maximum visibility and appeal. Residential Units: 3 spacious upper-level apartments, each offering comfort and convenience with the added benefit of an open deck at the rear. Looking to start a business? Let the rental income from the apartments help cover your business space costs, making this an even more attractive investment. Upgrades include a new rubber roof installed in 2015 & new back stairs, ensuring durability and long-term value. Seize this exceptional opportunity to own a landmark property with a storied legacy and significant future potential. Possible seller financing.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$5,803/mo

Real estate (PITI + HOA + PMI)
$3,783
Principal + interest$2,406
Property tax + insurance$1,236
PMI / 2nd mortgage$141
Utilities
$4,139
Heating + cooling$1,920
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$5,803/mo TLC
Budget$6,303/mo
Remaining after TLC$500/mo
Purchase price
$375,000
Down payment
$18,750 (5%)
Loan amount
$356,250
APR
7.15%

Quick facts

Type
MixedUse
Style
Triplex
Year built
1839
Lot size
0.0616 ac
Stories
2
Heating
Electric, Baseboard
Cooling
Water
Connected, Public
HOA
Annual tax
$6,613
MLS #
R1609842
County
Ontario

At a glance

Basement

Home features

Appliances
ElectricWaterHeater
Interior
CeilingFans
Exterior
Deck
Parking
OffSiteOnStreet
Flooring
Carpet, Varies, Vinyl
Roof
Membrane, Rubber
Sewer
Connected

Lot features

IrregularLot, NearPublicTransit

Schools

Elementary
Midlakes Primary
Middle
Midlakes MIddle
High
Midlakes High

Neighborhood — 14532

MetricThis ZIPCountyUSA
Population2,83219,351,094299,088,112
Population Change Since19902.00%8.00%20.00%
Population Density68395
Male1,4059,381,926147,432,321
Female1,4269,969,168151,655,844
Never Married5434,946,39163,775,926
Married1,3307,166,701123,120,365
Separated671,159,67312,639,686
Widowed1561,110,24515,467,586
Divorced2201,210,44823,075,029
Number Of House Hold1,0337,102,016111,826,380
Average House Hold Size2.732.642.60
Medial Age38.1736.5335.46
Median House Hold Income$49,406$49,847$48,276
Average House Hold Income$54,231$70,032$63,629
P C I$20,072$26,569$24,529
M D I$42,159$42,210$41,133
A T H E$46,194$54,185$50,898
S T R7.13%4.00%
W C J71.97%81.55%77.74%
(Zip) Code
14532

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 5/27/2025. Provided courtesy of Hunt Real Estate ERA/Columbus via Buffalo MLS. Information deemed reliable but not guaranteed.