Quadplex with Deck and Park
For Sale
$574,900
2891 State Route 444, Bloomfield, NY 14469
MULTI_FAMILY - Other - Bloomfield, NY
Property Size4,310 SF
Lot Size0.83 Acres
Price / SF$133.39
Days on Market49
Property Features for 2891 State Route 444
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 6, Bedroom 2, Bedroom 9, Bedroom 4, Bathroom 3, Bedroom 8, Basement, Bathroom 5, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 10, Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 5
Parking features
Garage
Patio and Porch features
Deck, Porch
Interior features
CeilingFans, ProgrammableThermostat
Exterior features
Deck
Appliances
ElectricWaterHeater
Lot features
Agricultural, Rectangular, Rectangular Lot, Rural Lot
Elementary school district
Bloomfield
Middle school district
Bloomfield
High school district
Bloomfield
Directions
South on Route 444 towards 5&20. House and apartments on the left right before route 5&20.
Subdivision
East Bloomfield-322689
Standard status
Active
APN
322689-081-000-0001-005-000
Size
4,310 SF
Lot size
0.83 Acres
Taxes and HOA fees
Tax Annual Amount
10094
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Baseboard
Water source
Public
Amenities
laundry room
Building Details
Year built
1972
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl, Varies, Tile
Building materials
VinylSiding, CopperPlumbing, PexPlumbing
Roof type
Metal
Architectural style
Other
Listing Agency:
Crane Realty
(585) 412-8062
Listed By:
Michael Crane · License #10491211912
(585) 748-4888
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# R1692962
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 quadplex includes a single-family home plus three additional apartments on one parcel. One apartment is currently vacant, offering flexibility for an owner-occupant or investor. The front single-family home features three bedrooms and 1.5 baths, an upgraded kitchen, new carpeting, mostly new windows, and a newly finished lower-level roof. The property also offers three garage parking spaces, and the driveway will be pitched with new gravel prior to closing.
The rear apartment building contains three fully renovated units, including two two-bedroom, one-bath apartments and one three-bedroom, two-bath apartment with an en suite bathroom. Updates throughout include a new septic system, new roof, new insulation, updated plumbing and electrical systems, new hot water heaters, hardwired smoke detectors, energy-efficient LED lighting, luxury vinyl plank flooring, remodeled kitchens with butcher block countertops, updated bathrooms, 9-foot ceilings, and ceiling fans. The three-bedroom, two-bath unit includes laundry hookups and direct access to the side yard, and there is also a separate laundry room with storage that includes two laundry hookups wired and plumbed for coin-operated machines.
The property backs directly to a park for privacy and green space. It sits on 0.83 acres and was built in 1972. Water is public and wastewater is handled by a septic tank. Bloomfield Central School District, with access to shopping, dining, and major commuter routes in nearby Victor.
The rear apartment building contains three fully renovated units, including two two-bedroom, one-bath apartments and one three-bedroom, two-bath apartment with an en suite bathroom. Updates throughout include a new septic system, new roof, new insulation, updated plumbing and electrical systems, new hot water heaters, hardwired smoke detectors, energy-efficient LED lighting, luxury vinyl plank flooring, remodeled kitchens with butcher block countertops, updated bathrooms, 9-foot ceilings, and ceiling fans. The three-bedroom, two-bath unit includes laundry hookups and direct access to the side yard, and there is also a separate laundry room with storage that includes two laundry hookups wired and plumbed for coin-operated machines.
The property backs directly to a park for privacy and green space. It sits on 0.83 acres and was built in 1972. Water is public and wastewater is handled by a septic tank. Bloomfield Central School District, with access to shopping, dining, and major commuter routes in nearby Victor.
Key Highlights
- 0.83‑acre quadplex backs directly to a park for privacy and green space
- Front single‑family home: three bedrooms, 1.5 baths, upgraded kitchen, new carpeting, mostly new windows
- Rear building: three fully renovated units—two 2 bed/1 bath and one 3 bed/2 bath with en suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$984,000
$984.0K
Cap Rate 7%
$702,857
$702.9K
Cap Rate 9%
$546,667
$546.7K
Market Conditions
NOI Build-Up for 4,310 SF
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.
Gross rent
$97.2K $22.56/SF
− Vacancy
−$7.8K −$1.80/SF
EGI
$89.5K $20.76/SF
− OpEx
−$40.3K −$9.34/SF
NOI
$49.2K $11.42/SF
Area
Ontario County, NY
Vacancy
8.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$984,000
Cap Rate 7%
$702,857
Cap Rate 9%
$546,667
Alternative Uses
Best Use
Multifamily LT 5
$788.5K
$690.0K – $920.0K
NOI $55,197 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$702.9K
$615.0K – $820.0K
NOI $49,200 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,303 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 14469, NY
6,265
Population
2,904
Households
2.2
Avg Household Size
49
Median Age
28%
College-Educated
95%
High-School Grad
66.0 sq mi
ZIP Area
95
Density / Sq Mi
$70,914
Median Household Income
$45,294
Median Earnings
$874
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with one vacant apartment and renovated rear building, plus deck and public water on septic.
Where is this quadplex located?
The property is located at 2891 State Route 444 Bloomfield, NY.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 0.83‑acre quadplex backs directly to a park for privacy and green space; Front single‑family home: three bedrooms, 1.5 baths, upgraded kitchen, new carpeting, mostly new windows; Rear building: three fully renovated units—two 2 bed/1 bath and one 3 bed/2 bath with en suite
