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    31 Genesee St Geneva, NY 14456

    For Sale
    $325,000

    MULTI_FAMILY - Other - Geneva, NY

    Property size:
    3,366 SF
    Lot size:
    0.28 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 31 Genesee St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Basement, Bathroom 2
    Bedrooms
    6
    Bathrooms
    3
    APN
    320500-104-026-0001-046-000-0000
    Interior features
    ProgrammableThermostat
    Size
    3,366 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Varies, Hardwood, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Membrane, Rubber
    Architectural style
    Other

    NORCHAR (585) 333-2906 [email protected]

    Listing agent Evan Schaefer (585) 244-4444 License #10301220657

    Listing date Oct 1, 2025

    Copyright © 2025 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.

    Overview

    Fully Occupied Geneva Triplex Investment

    Located in Geneva, NY, 31 Genesee Street is a fully occupied three-family property. The building contains three separately metered apartments, each featuring 2 bedrooms and 1 bath, distributed across three levels. One upper unit includes a private rear stairway entrance and a dedicated mudroom/storage area. A shared storage room for larger items is accessible to two of the apartments on the main level. The property has keypad entry and a secured utility room for mechanicals and owner storage. Operational highlights include a new sewer line from the street, a new membrane roof, and a newer boiler & hot water heater. The property is situated on a 0.28-acre lot. The property is professionally managed by a local management company. The property will trade with a fresh Certificate of Occupancy. The property is 3,366 square feet. All landlord-owned appliances are included at closing. Tenants are responsible for internet and electric in addition to rent. This stabilized triplex is suitable for investors seeking solid returns and low operational overhead.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ontario
    State
    New York
    Longitude
    -76.983572
    Latitude
    42.874506

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    FAQs

    What type of property is this?
    Triplex - Stabilized triplex in Geneva, NY with strong rental demand.
    Where is this triplex located?
    The property is located at 31 Genesee St Geneva, NY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - High Cap Rate: Enjoy an 11% cap rate on current operations with an in-place NOI of $34,575/year.; - Fully Occupied: Stabilized triplex with all units currently rented, ensuring immediate income.; - Low Capex: Minimal capital expenditure needs due to recent upgrades and a fresh Certificate of Occupancy.
    (585) 244-4444
    Request Owner's contact information
    31 Genesee St Geneva, NY 14456
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    31 Genesee St Geneva, NY 14456
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