Renovated Duplex With Separate
1897 Ridge Rd Ontario, NY 14519
1897 Ridge Rd, Ontario, NY, 14519
$239,900
Pending
For Sale
$239,900
Pending
MULTI_FAMILY - Other - Ontario, NY
Property Size1,724 SF
Lot Size0.20 Acres
Days on Market58
Property Features for 1897 Ridge Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement
- Interior features
- ProgrammableThermostat
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 543400-063-117-0009-204-514-0000
- Size
- 1,724 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2749
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies, Carpet
- Building materials
- BlownInInsulation, VinylSiding, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Core Agency RE INC
(585) 420-8520
488 Plank Rd, Webster, NY
Listed by
Bonnie F Pagano · License #10301214525
(585) 739-1200
Added: May 20 Checked: Jul 16 at 6:06 pm
MLS# R1683257
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex offers two updated apartments configured as a 3-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The 3-bedroom apartment includes in-unit laundry conveniently located off the kitchen. Both units feature durable plank flooring through the lower living areas and new carpet in the bedrooms, and each unit includes a brand-new refrigerator. Major systems and exterior components have been recently refreshed, including furnaces replaced in April 2026, a new hot water tank installed in May 2026, and a second hot water tank from 2016. The property also features vinyl siding and vinyl replacement windows, and the roof is approximately 14 years old. A walk-out basement with glass block windows adds additional functional space, and each unit is supported by a separate 100-amp electrical panel.
The duplex is located at 1897 Ridge Rd in Ontario, New York (Wayne County). With a lot size of 0.2 acres, the property is positioned for low-maintenance ownership with exterior materials designed for easier upkeep.
For a tenant-occupant or investor, the practical advantage is the separation of utilities and electrical service, with separate gas, electric, and water meters that can simplify billing and operations. One of the units is currently rented with a 1-year lease in place, supporting immediate occupancy for the owner seeking rental income.
The duplex is located at 1897 Ridge Rd in Ontario, New York (Wayne County). With a lot size of 0.2 acres, the property is positioned for low-maintenance ownership with exterior materials designed for easier upkeep.
For a tenant-occupant or investor, the practical advantage is the separation of utilities and electrical service, with separate gas, electric, and water meters that can simplify billing and operations. One of the units is currently rented with a 1-year lease in place, supporting immediate occupancy for the owner seeking rental income.
Key Highlights
- Renovated duplex with 2 units: a 3‑bed/1‑bath apartment and a 1‑bed/1‑bath apartment
- Newer mechanicals: both furnaces replaced April 2026; hot water tanks include one installed May 2026 and another from 2016
- Separate utilities for each unit with separate 100‑amp electrical panels and separate gas, electric, and water meters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $13.80 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $21.0k | $12.18 |
| − OpEx | −$6.3k | −$3.66 |
| NOI | $14.7k | $8.53 |
1,724 SF · lease $13.80/SF/yr · vacancy 11.71% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.1K
$183.8K – $245.1K
NOI $14,704 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$464.4K
$406.4K – $541.8K
NOI $32,509 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with two updated units, including separate electric, gas, and water meters for straightforward management.
Where is this duplex located?
The property is located at 1897 Ridge Rd Ontario, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Renovated duplex with 2 units: a 3‑bed/1‑bath apartment and a 1‑bed/1‑bath apartment; Newer mechanicals: both furnaces replaced April 2026; hot water tanks include one installed May 2026 and another from 2016; Separate utilities for each unit with separate 100‑amp electrical panels and separate gas, electric, and water meters
