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    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 Market130
    Last RefreshJul 14 at 11:06 pm

    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.

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    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
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