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    586 Ridgeway Ave Rochester, NY 14615

    New
    Pending
    For Sale
    $179,900

    MULTI_FAMILY - Other - Rochester, NY

    Property size:
    2,458 SF
    Lot size:
    0.12 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 586 Ridgeway Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 6, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    APN
    261400-090-400-0002-077-000-0000
    Appliances
    GasWaterHeater
    Size
    2,458 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1922
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Hardwood, Resilient
    Building materials
    AluminumSiding, CompositeSiding, WoodSiding
    Roof type
    Asphalt
    Architectural style
    Other

    CEM Properties LLC (585) 613-4606 [email protected]

    Listing agent Curtis Amesbury (585) 613-4606 License #10491209190

    Listing date Dec 3, 2025

    MLS# R1650217 Listing URL

    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

    Rochester Duplex: Investment Opportunity

    Located in Rochester's Maplewood/Summit Grove district, this fully-rented duplex at 586-588 Ridgeway Ave presents an investment opportunity. Constructed in 1922, the property features two 3-bedroom, 1-bath units. Each unit, within the 2,458 sq ft building, includes a dining room, living room, and private access to both the attic and basement. A detached 2-car garage on Aster Street provides tenant convenience. The property, situated on a 0.1196-acre lot, generates gross annual rents of $34500 and a net operating income of $28,527, resulting in a 15.85% cap rate and a 63.39% cash-on-cash return (assuming 25% down payment). The property is professionally managed.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.645542
    Latitude
    43.194096

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex in Rochester's Maplewood/Summit Grove district.
    Where is this duplex located?
    The property is located at 586 Ridgeway Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - High Cap Rate of 15.85% and Cash-on-Cash Return of 63.39% offer strong income potential.; - Fully-rented duplex provides immediate and consistent rental income.; - Two spacious 3-bedroom, 1-bath units offer comfortable living spaces.
    (585) 613-4606
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    586 Ridgeway Ave Rochester, NY 14615
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    Rochester, NY 14615
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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
    586 Ridgeway Ave Rochester, NY 14615
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