Duplex in Spencerport School
468 Elmgrove Road, Rochester, NY 14606
- Added:
- Apr 8, 2026
- Days on Market:
- 54
- Last Refresh:
- May 31 at 6:06 pm
Property Features for 468 Elmgrove Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
- Patio and Porch features
- Porch
- Interior features
- ProgrammableThermostat
- Exterior features
- PrivateYard
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 262800-088-190-0003-014-000
- Size
- 1,860 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6603
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Carpet, Varies
- Building materials
- AtticCrawlHatchwaysInsulated, CompositeSiding, VinylSiding, CopperPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Carole J. Snow License #10301201784 (585) 756-7460
Listing office RE/MAX Realty Group 10 Grove Street, Pittsford, NY (585) 248-0250
Listing date Apr 8, 2026
MLS# R1669783
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
- Duplex in Spencerport School District: Ideal for investors or owner‑occupants seeking rental income.
- New Certificate of Occupancy: Valid for 3 years, ensuring compliance.
- Hardwood Floors: Located in living room and bedrooms.
- Private Rear Yard: Offers a desirable outdoor space.
- Convenient Location: Close to Routes 510, 490, and 31, plus nearby conveniences and parks.
- Well Maintained: Owned and cared for by the same owner for over 54 years.
Overview
This is a rare opportunity to own a duplex in the Spencerport School District. It is ideal for investors seeking property in a sought-after school district, or for an owner-occupant looking to supplement mortgage payments with rental income. Each unit features an eat-in kitchen equipped with a stove and refrigerator. The property includes a full basement with laundry hookups, hardwood floors in the living room and bedrooms, and a large living room. There is ample storage space. The property also features a private rear yard. Located close to Routes 510, 490, and 31, it offers convenient access to amenities and parks. The asphalt parking area provides designated parking for two cars per apartment. The property has been well-maintained by the same owner for over 54 years, resulting in rents that are currently below market value. A brand new Certificate of Occupancy (C of O) will be provided at closing, valid for three years. The property size is 1860 square feet and the lot size is 0.24 acres.
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 | $32.4k | $17.40 |
| − Vacancy | −$1.8k | −$0.96 |
| EGI | $30.6k | $16.44 |
| − OpEx | −$9.2k | −$4.93 |
| NOI | $21.4k | $11.51 |
1,860 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.8K
$267.6K – $356.8K
NOI $21,407 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$272.6K
$238.5K – $318.0K
NOI $19,081 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$509.5K
$445.8K – $594.5K
NOI $35,667 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.7317
- Latitude
- 43.182049
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rare duplex, ideal for investors or owner-occupants in Rochester.
Where is this duplex located?
The property is located at 468 Elmgrove Road Rochester, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Duplex in Spencerport School District: Ideal for investors or owner‑occupants seeking rental income.; New Certificate of Occupancy: Valid for 3 years, ensuring compliance.; Hardwood Floors: Located in living room and bedrooms.
