Spacious Suburban Multi-Family
5380 W Ridge Road Spencerport, NY 14559
5380 W Ridge Road, Spencerport, NY, 14559
$300,000
Pending
For Sale
$300,000
Pending
MULTI_FAMILY - Other - Spencerport, NY
Property Size1,720 SF
Lot Size0.50 Acres
Days on Market140
Property Features for 5380 W Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking features
- Garage
- Interior features
- ProgrammableThermostat
- Exterior features
- PrivateYard
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 264089-071-010-0001-012-000
- Size
- 1,720 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6484
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Zoned, Natural Gas, Baseboard, Forced Air
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Vinyl, Hardwood, Varies
- Building materials
- AtticCrawlHatchwaysInsulated, Stone, VinylSiding, CopperPlumbing, PexPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency
RE/MAX Plus
(585) 279-8200
2171 Monroe Avenue, Rochester, NY
Listed by
Alan J. Wood · License #49WO1164272
(585) 279-8282
Added: Feb 27 Checked: Jul 17 at 6:06 am
MLS# R1662076
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 spacious three-unit multi-family property is located in a suburban area within the Spencerport school district. Situated on a half-acre lot, the property backs onto woods, offering added privacy. The upper level features two units: one with one bedroom and one bathroom, and another with two bedrooms and one bathroom, both designed with open layouts. The lower level contains an additional two-bedroom, one-bathroom unit. Note that the stated property size of 1720 square feet does not include the lower level. The property benefits from a newer septic system installed approximately two years ago, and is connected to public water. A tear-off roof was installed in 2018. Each unit has separate gas and electric meters. The upper units are serviced by a forced air furnace installed around 2018, while the lower unit has baseboard heat. Hot water heaters for the upper units were installed in 2018, and the lower unit's hot water heater was installed in 2025. Additional features include vinyl siding, a double-wide driveway, a detached garage for storage, and a large yard that backs onto woods and fields. This property is ideal for either an owner-occupant or as an investment opportunity. The property is currently tenant-occupied.
Key Highlights
- 3‑unit multi‑family on a half‑acre lot backing to woods for added privacy
- Unit mix: two upper units (1BD/1BA and 2BD/1BA) plus a lower level 2BD/1BA unit
- Separate gas and electric meters for all units
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 | $23.7k | $13.80 |
| − Vacancy | −$831 | −$0.48 |
| EGI | $22.9k | $13.32 |
| − OpEx | −$6.9k | −$4.00 |
| NOI | $16.0k | $9.32 |
1,720 SF · lease $13.80/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.4K – $267.2K
NOI $16,034 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$206.9K
$181.0K – $241.4K
NOI $14,482 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$330.2K
$288.9K – $385.2K
NOI $23,113 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property on half-acre lot near Spencerport schools.
Where is this triplex located?
The property is located at 5380 W Ridge Road Spencerport, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3‑unit multi‑family on a half‑acre lot backing to woods for added privacy; Unit mix: two upper units (1BD/1BA and 2BD/1BA) plus a lower level 2BD/1BA unit; Separate gas and electric meters for all units
