Advertise
    Location, address, ZIP or keywords
    Back to Search
    Canandaigua Duplex: Investment Opportunity

    196 Bristol Street Canandaigua, NY 14424

    196 Bristol Street, Canandaigua, NY, 14424
    $439,000
    For Sale
    Claim this Listing
    $439,000

    MULTI_FAMILY - Other - Canandaigua, NY

    Property Size1,992 SF
    Lot Size0.15 Acres
    Price / SF$220.38
    AddedMar 6
    Days on Market131
    Last RefreshJul 15 at 12:06 am

    Property Features for 196 Bristol Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 6, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5
    Parking features
    Open, Garage
    Interior features
    NaturalWoodwork
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    320200-083-016-0002-043-000
    Size
    1,992 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5168

    Utilities

    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1862
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Hardwood, Varies
    Building materials
    Frame, PexPlumbing
    Roof type
    Asphalt
    Architectural style
    Other

    Listing agent Jack Qizhan Yao License #10491203908

    Listing office Realmart Realty, LLC 1745 Broadway, 17th Floor, Carmel, NY

    Listing date Mar 6, 2026

    MLS# R1665353 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 cash-flowing duplex is located in Canandaigua and has been continuously rented for 15 years. The property is ideal for investors seeking a stable asset with low maintenance in a high-demand rental market. The entire house was gutted and remodeled in 2010, including new energy-efficient gas furnaces with new duct work throughout, PEX plumbing, new electrical wiring and breakers, outlets and GFCI outlets in kitchens and bathrooms, as well as hardwired smoke detectors, canned lights, fan/light combos, stained woodwork throughout, wood cabinetry, and Corian countertops. It also features a tub/shower combo with tile walls, hardwood flooring in living areas, granite flooring in bathrooms, and tile flooring in the laundry room. Interior doors are solid wood with oak veneer, stained to match the trim. Gas hot water tanks were newly installed in 2020. The house roof was replaced in 2011, and the barn roof was replaced in 2020. There is no carpeting. The property features energy-efficient windows, steel doors, and Hardie Board siding. Appliances include two gas stoves, two refrigerators, two dishwashers, two washers, and two dryers. The property includes a two-car garage with remote control doors, storage space, and a large paved driveway. Each apartment has two entry/exit points and its own laundry area. The property is close to downtown, shopping, dining, Canandaigua Lake, FLCC, CMAC, the Finger Lakes, and major routes. The lot size is 0.152 acres and the property size is 1992 square feet.

    Key Highlights

    • Fully occupied cash‑flowing duplex with continuous rentals for 15 years
    • Remodeled in 2010: pex plumbing, new electrical wiring/breakers and outlets with GFCI, hardwired smoke detectors, canned lights, and fan/light combos
    • Two apartment laundry areas; each unit has 2 separate entry/exit points

    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 $39.4k $19.80
    − Vacancy −$3.0k −$1.50
    EGI $36.4k $18.30
    − OpEx −$10.9k −$5.49
    NOI $25.5k $12.81
    1,992 SF · lease $19.80/SF/yr · vacancy 7.60% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $364.4K
    $318.9K – $425.2K (±1% cap)
    NOI $25,511 @ 7.0% cap · market cap 5.81%
    Second Best
    Apartment 5plus
    $324.8K
    $284.2K – $379.0K (±1% cap)
    NOI $22,739 @ 7.0% cap · market cap 5.18%
    Theoretical Best
    Office A
    $596.2K
    $521.7K – $695.6K (±1% cap)
    NOI $41,736 @ 7.0% cap · market cap 9.51%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar For Sale Nearby

    • $699,000
      6,208 SF

      Medical Office Building with On-Site Parking

      Two-story former medical office offers multiple exam/office rooms, 5 restrooms, and on-site parking for patient access.
      199 Parrish Street, Canandaigua, NY 14424
      View Details
    • $630,000
      11,974 SF

      Remodeled Medical Office Building

      Completely remodeled office building with updated HVAC, a solid roof, and individual leased offices plus an adjacent vacant lot.
      250 Gorham St, Canandaigua, NY 14424
      View Details
    • $575,000
      3,487 SF

      Turnkey Restaurant and Apartment Building

      Turnkey restaurant with a second-floor one-bedroom apartment and rear off-street parking in downtown Canandaigua.
      215 S Main St, Canandaigua, NY 14424
      View Details
    • $699,000
      6,208 SF

      Medical Office Building Near Hospital

      Two-story medical office building near UR Thompson Hospital.
      199 Parrish St, Canandaigua, NY 14424
      View Details
    • $299,000
      2,544 SF

      Updated Side-by-Side Duplex

      Side-by-side duplex with two floors per unit, updated systems, and separate laundry hookups in each unit.
      228 Davidson Avenue, Canandaigua, NY 14424
      View Details
    • $199,900
      2,353 SF

      Canandaigua Duplex on Expansive Lot

      Duplex near Canandaigua with conversion potential on 1.21 acres.
      4227 State Route 5 And 20, Canandaigua, NY 14424
      View Details
    • $388,500
      4,201 SF

      Historical Mixed-Use Building on Main

      Turnkey mixed-use property with retail and residential potential.
      201 S Main Street, Canandaigua, NY 14424
      View Details
    • $630,000

      Remodeled Building with Vacant Lot

      Remodeled building suitable for health, wellness, or sports businesses.
      250 Gorham St, Canandaigua, NY 14424
      View Details
    • $899,900
      5,632 SF

      Mixed-Use Fire Station with Two Storefronts

      Historic fire station converted to mixed use, featuring a loft above two storefronts with separate entrances and utilities.
      13 Niagara Street, Canandaigua, NY 14424
      View Details
    • $299,000

      Updated Turnkey Duplex Income Property

      Side-by-side duplex with two floors per unit, updated major components, and separate laundry hookups for tenant convenience.
      228 Davidson Ave 226, Canandaigua, NY 14424
      View Details
    • $439,990
      3,100 SF

      Farmington Office Building For Sale

      Office building with high traffic and corner lot exposure.
      1520 NY-332, Farmington, NY
      View Details
    • $859,000
      5,160 SF

      Turnkey Finger Lakes Bed & Breakfast

      Profitable, established B&B in the scenic Finger Lakes region.
      4508 State Route 64, Bristol, NY 14424
      View Details

    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex in Canandaigua, fully occupied, producing immediate income.
    Where is this duplex located?
    The property is located at 196 Bristol Street Canandaigua, NY.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: Fully occupied cash‑flowing duplex with continuous rentals for 15 years; Remodeled in 2010: pex plumbing, new electrical wiring/breakers and outlets with GFCI, hardwired smoke detectors, canned lights, and fan/light combos; Two apartment laundry areas; each unit has 2 separate entry/exit points
    Contact an agent
    (888) 362-6543
    We can help!
    Contact an agent
    Jack Qizhan Yao
    Jack Qizhan Yao
    Real Estate License ID: 10491203908
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    196 Bristol Street, Canandaigua, NY 14424
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!