About This Home

This 8-bedroom, 3-bathroom single family at 12720 Main Road in Newstead, NY is listed for $489,900 ($151 per sqft). Built in 1850, the home offers 3,253 sqft of living space on a 2.37 acres lot.

Key Features

  • Built in 1850
  • 2.37 acre lot

Property Details

3 full
1850
Listing Description

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.

Monthly Cost Estimate

$2,620/mo

20% down · 6.5% · 30 years

Principal$354
Interest$2,123
Insurance$143

Estimates only. Actual payments may vary.

Location

12720 Main Road

Newstead, NY 14001

Questions & Answers

This 8-bedroom, 3-bathroom single family at 12720 Main Road is listed at $489,900 ($151/sqft). The estimated monthly payment is $2,620 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1850, 2.37 acre lot.

This property is listed by Meredith Lindsey and can be reached at 5853226784.

ML

Meredith Lindsey

Agent at NextHome, Inc

(585) 322-6784
Agent website

Listed by NextHome, Inc · Broker phone: 7164731159 · Broker website

MLS# B1699033· Source: NextHome, Inc· 35 days on PropertySimple

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

12720 Main Road, Newstead, NY 14001

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