Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    54-56 Melville St Rochester, NY 14609

    Sponsored
    For Sale
    $139,900

    MULTI_FAMILY - Other - Rochester, NY

    Property size:
    2,220 SF
    Lot size:
    0.08 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 20 at 10:06 am

    Property Features for 54-56 Melville St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6
    Bedrooms
    6
    Bathrooms
    2
    APN
    261400-107-530-0002-072-000-0000
    Parking features
    Driveway
    Appliances
    GasWaterHeater
    Size
    2,220 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Varies, Tile
    Building materials
    VinylSiding, CopperPlumbing
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Nichole Goff

    RE/MAX Realty Group (585) 248-0250

    Listing agent Nichole Goff (585) 719-3500 License #10401335176

    Listing date Feb 18, 2026

    MLS# R1658194

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex Investment Opportunity

    This fully renovated side-by-side duplex in Rochester, NY, presents an investment opportunity for investors or owner-occupants. The property has been renovated from top to bottom and is move-in ready. Both units feature updated kitchens and bathrooms, new vinyl flooring throughout, updated light fixtures, fresh paint, and thermal windows. The property size is 2220 square feet and the lot size is 0.0826 acres. This turnkey duplex is ready to perform, whether for expanding a portfolio or offsetting a mortgage by living in one unit and renting the other. It is located in Rochester, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.576315
    Latitude
    43.166579

    Nearby Similar for Sale

    • $499,900
      Pending

      Victorian Duplex in Arts District

      Turn-key duplex with modern amenities and original character in Rochester.
      21 Rundel Park, Rochester, NY 14607
      View Details
    • $300,000
      Pending

      Victorian Triplex in Historic Neighborhood

      Sprawling Victorian triplex in Rochester's Historic Park Avenue Neighborhood.
      2 Thayer St, Rochester, NY 14607
      View Details
    • $275,000
      6,166 SF

      Mixed-Use Building in JOSANA Neighborhood

      Mixed-use building with retail and apartments in Rochester, NY.
      534-538 W Main St, Rochester, NY 14608
      View Details
    • $229,900
      Pending

      Spacious Dutch Colonial Duplex

      Charming duplex with income potential in Rochester, NY.
      115-117 Genesee Park Blvd, Rochester, NY 14611
      View Details
    • $1,700,000
      18,540 SF

      Rochester Multifamily Investment Opportunity

      Well-maintained 26-unit building with recent updates and income potential.
      189-199 Lake Ave, Rochester, NY 14608
      View Details
    • $164,900
      Pending

      Upgraded Two-Family Home Investment Opportunity

      Turnkey two-family home with refined updates and dependable cash flow.
      1567 E Main St, Rochester, NY 14609
      View Details
    • $134,900
      Pending

      Upgraded Two-Family Home

      Move-in ready, renovated two-family home with income potential.
      47 Bowman St, Rochester, NY 14609
      View Details
    • $174,000
      Pending

      Rochester Multi-Family Income Property

      Income-producing multi-family property with strong rental potential in Rochester.
      1239 Saint Paul St, Rochester, NY 14621
      View Details
    • $249,900
      Pending

      Rochester Multifamily Investment Opportunity

      Purpose-built four-unit multifamily property in Rochester, New York.
      1896 Dewey Ave, Rochester, NY 14615
      View Details
    • $135,000
      Pending

      Charming Brick Duplex with Garage

      Updated Rochester duplex with income potential and a three-car garage.
      47 Tacoma St, Rochester, NY 14613
      View Details
    • $500,000
      5,208 SF

      Rochester Multifamily Investment Opportunity

      Updated multifamily property in trendy Park Avenue area with parking.
      50 Rowley St, Rochester, NY 14607
      View Details
    • $100,000
      Pending

      Rochester Four-Unit Investment Property

      Turnkey four-unit property with strong cash flow potential.
      22 Lime St, Rochester, NY 14606
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully renovated, move-in ready duplex in Rochester, NY.
    Where is this duplex located?
    The property is located at 54-56 Melville St Rochester, NY.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Fully renovated duplex, move-in ready.; - Ideal for investors or owner-occupants.; - Each unit features updated kitchens and bathrooms.
    (585) 764-8055
    Request Owner's contact information
    54-56 Melville St Rochester, NY 14609
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    54-56 Melville St
    Rochester, NY 14609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    54-56 Melville St Rochester, NY 14609
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nichole Goff
    Real Estate License ID: 10401335176
    (585) 764-8055 (585) 719-3500
    Learn more
    Google sign-in failed. Please try again or use another login method.