Sold
Last Sold Price
2 beds4 baths4,228 sqft$28/sqft
721 Wegman Rd, Gates, NY 14624
Multi FamilyProperty Type
0.31 acresLot Size
1900Year Built
$28/sq ftPrice per sq ft

Description

This INCOME/ INVESTMENT OPPORTUNITY located in Gates requires a little TLC All Apartments in this 4 unit property are currently occupied. EZ access to expressways, schools, shopping and entertainment. Realize passive income and invest in your future!This INCOME/ INVESTMENT OPPORTUNITY located in Gates requires a little TLC All Apartments in this 4 unit property are currently occupied. EZ access to expressways, schools, shopping and entertainment. Realize passive income and invest in your future!
  • Listed by: Robert Piazza Palotto 585.279.8200 robert@rppsoldteam.com • RE/MAX Plus
Listing closed: 06/10/2019 12:00 AM • Source: WNYREIS, MLS#: R1184137

Recent comparable sales

Median sold price

$137,000

Avg days on market

9

Sale-to-list ratio

105.5%

Gates, NY

9 comparable properties found

$126,500 | 3066 Lyell Road, Gates, NY 14606
1/2
1

$126,500

Sold 10/24/25

2
Bedrooms
680
Square Feet
0.17
Acres
$410,000 | 84 Marc-Mar Trail, Gates, NY 14606
1/2
2

$410,000

Sold 06/10/26

2
Bedrooms
1,553
Square Feet
Unavailable
Acres
$140,000 | 49 Colwick Road, Gates, NY 14624
1/2
3

$140,000

Sold 04/02/25

2
Bedrooms
1,297
Square Feet
0.13
Acres
$110,000 | 11 Fox Court, Gates, NY 14606
1/2
4

$110,000

Sold 04/16/25

2
Bedrooms
960
Square Feet
Unavailable
Acres
$134,995 | 67 Fox Court, Gates, NY 14606
1/2
5

$134,995

Sold 07/09/26

2
Bedrooms
960
Square Feet
0.01
Acres
$135,000 | 210 Fox Run, Gates, NY 14606
1/2
6

$135,000

Sold 01/13/26

2
Bedrooms
896
Square Feet
Unavailable
Acres
$140,000 | 132 Fox Run, Gates, NY 14606
1/2
7

$140,000

Sold 05/02/25

2
Bedrooms
896
Square Feet
Unavailable
Acres
$137,000 | 330 Fox Run, Gates, NY 14606
1/2
8

$137,000

Sold 07/30/26

2
Bedrooms
896
Square Feet
Unavailable
Acres
$140,000 | 797 Hidden Valley Road, Gates, NY 14624
1/2
9

$140,000

Sold 04/15/25

2
Bedrooms
989
Square Feet
0.09
Acres

Location

Listing Courtesy of RE/MAX Plus

Sold By Keller Williams Realty GR West

Add your commute

Payment Calculator

$1,109 per month

30 year fixed, 6.55% Interest

Principal and Interest

$610

Property Taxes

$500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 721 Wegman Road

Property Details
  • Taxes: $5,994 / year
  • MLS Type: Residential / Residential
  • Styles Of Residence: Fourplex
  • On Waterfront: No
  • Parking Description: Two Or More Spaces
  • Nearest Cross Street: Tandoi Drive
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1900
  • Lot Size: 0.31 AC / 13,504 SF
Summary
Location and General Information
  • Elementary School District: Gates Chili
  • High School District: Gates Chili
  • Middle Or Junior School District: Gates Chili
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Gates-262600
  • Tax Annual Amount: $5,994.00
Property
Lot Information
  • Building Area Total: 4228.0
  • Land Features: Near Public Transit
  • Num Of Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Square Feet: 13504.0
  • Lot Size Units: Acres
  • Parcel Number: 262600-119-050-0001-061-000
  • Lot Number: 61
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $120,000
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 1
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Composite Siding, Copper Plumbing
  • Foundation Description: Stone
  • Other Equipment: Satellite Dish
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Crawl Space, Partial
  • Basement YN: Yes
  • HVAC Type: Zoned
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Ceramic Tile, Hardwood, Laminate, Varies
  • Heating: Gas, Zoned, Baseboard, Radiant
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 4228.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $30,600.00
  • Net Operating Income: $24,606.00
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expenses: $13,653.00
  • Operating Expense Includes: Accounting, Fuel, Insurance, Legal, Maintenance Structure, Maintenance, Professional Management, Snow Removal, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $640.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $640.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 640
Unit 2
  • Unit Type Actual Rent: $560.00
  • Unit Type Baths Total: 1
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $560.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 560
Unit 3
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $550.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 550
Unit 4
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $800.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 800
Rental
Rental Information
  • Rent Includes: Heat, Hot Water, Snow Removal, Trash Collection, Water

Property History for 721 Wegman Road

DateEvent & SourcePriceAppreciation
Jun 10, 2019

Sold

New York State Alliance of MLSs (Buffalo) #R1184137

$120,000
Jun 10, 2019

Sold

WNYREIS #R1184137

$120,000
Jun 6, 2019

Sold (Public Record)

Public Record #647653346

$120,000
DateEvent & SourcePrice
06/10/2019

Sold

New York State Alliance of MLSs (Buffalo) #R1184137

$120,000
06/10/2019

Sold

WNYREIS #R1184137

$120,000
06/06/2019

Sold (Public Record)

Public Record #647653346

$120,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 721 Wegman Road

Taxable ValueLand$40,500Additions$194,500Total$235,000
Tax Record2024$5,704 ($475 / month)
Home Facts
Total Finished SqFt2,772 SqFtAbove Grade Finished SqFt2,772 SqFtUnfinished Basement SqFt1,456 SqFtStories2Lot Size13,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1985Zoning02 - SINGLE RCountyMONROEAPN262600 119.05-1-61

Schools near 721 Wegman Road

This home is within Gates-Chili Central School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Neil Armstrong School
PublicK to 5

Gates Chili Middle School
Public6 to 8

Gates Chili High School
Public9 to 12

Walt Disney School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 721 Wegman Road, Gates, NY 14624
$120,000
2
4
4,228
13,504
$275,000
4
1,605
126,760
5
2
1,808
20,473
$130,000
3
1,050
10,454
$109,900
3
1,440
14,810
3
1
1,250
12,197

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Plus

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.