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    South Wedge Duplex Investment Opportunity Title is generated by Realmo AI

    224-226 Hamilton Street, Rochester, NY 14620

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    Pending
    $299,900

    MULTI_FAMILY - Other - Rochester, NY

    Property size:
    2,104 SF
    Lot size:
    0.07 Acres
    Added:
    May 10, 2026
    Days on Market:
    9
    Last Refresh:
    May 18 at 1:06 pm

    Property Features for 224-226 Hamilton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Basement
    Parking features
    Garage
    Patio and Porch features
    Porch, Patio
    Interior features
    CeilingFans
    Exterior features
    Fence, Patio
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    261400-121-560-0002-037-000-0000
    Size
    2,104 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6359

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Tile, Hardwood
    Building materials
    VinylSiding, CopperPlumbing, PexPlumbing
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffery D. Wagner

    Listing agent Jeffery D. Wagner License #40WA0989122

    Listing office RE/MAX Realty Group 10 Grove Street, Pittsford, NY

    Listing date May 10, 2026

    MLS# R1680424 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.

    HighLights

    • Highly desirable South Wedge location, minutes from University of Rochester, URMC, Highland Hospital, and Downtown.
    • Two spacious 2‑bedroom, 1‑bath apartments, ideal for owner‑occupancy or investment.
    • Recent updates include a new roof and gutters (2023), updated landscaping and pavers with new front steps (2025), and two new hot water tanks.
    • Both apartments feature updated bathrooms, hardwood floors, and in‑unit laundry.
    • First‑floor apartment includes an open‑concept kitchen and living room, new appliances (DW and Stove), and garage access/storage.
    • Well‑maintained property with recently cleaned and serviced furnaces.

    Overview

    This classic city duplex is located in the South Wedge neighborhood. The multi-family home features two apartments, each with two bedrooms and one bathroom, presenting potential for owner-occupancy or investment. The first-floor apartment includes an open-concept kitchen and living room area with a new dishwasher and stove, an updated bathroom, an in-unit washer and dryer, hardwood floors, and garage access for storage. The second-floor apartment features a large eat-in kitchen, an updated bathroom, hardwood floors, and in-unit laundry. Both apartments offer layouts with modern updates and classic features. Recent improvements include a new roof and gutters in 2023, professionally updated landscaping and pavers with new front steps planned for 2025, and two new hot water tanks. The furnaces have been recently cleaned and serviced. The property is located minutes from the University of Rochester, URMC, Highland Hospital, and Downtown. The property size is 2104 square feet on a lot of 0.0699 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.60388
    Latitude
    43.145203

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Rochester's South Wedge neighborhood.
    Where is this duplex located?
    The property is located at 224-226 Hamilton Street Rochester, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Highly desirable South Wedge location, minutes from University of Rochester, URMC, Highland Hospital, and Downtown.; Two spacious 2‑bedroom, 1‑bath apartments, ideal for owner‑occupancy or investment.; Recent updates include a **new roof and gutters (2023), updated landscaping and pavers with new front steps (2025), and two new hot water tanks.**
    (585) 389-1024
    We can help!
    Listing Contact
    Jeffery D. Wagner
    Real Estate License ID: 40WA0989122
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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