Building Details

Building Size 1,826 SF

Year Built 1900

Buildings 1

Listing Agency: Howard Hanna

Listed By: Diane M Bacon · License #10301214868 Show Phone

Source: Highfallssir

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 25 at 2:46AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna

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Investment Insights

Based on property information with market context.

This duplex, built in 1900, contains two apartments with distinct layouts. One has three bedrooms; the other has two bedrooms and access to a finished attic that adds living or storage area. Renovations include updated windows, flooring, kitchens, and bathrooms. Off-street parking serves the property.

The building is located on Madison Street in East Rochester, New York.

Key Highlights

• Two‑unit duplex with one three‑bedroom apartment and one two‑bedroom apartment
• Finished attic access in the two‑bedroom unit, providing additional living or storage area
• Renovated kitchens and bathrooms, plus updated windows and flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,022

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,440 $340.4K

Cap Rate 7%

$243,171 $243.2K

Cap Rate 9%

$189,133 $189.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,826 SF

Gross rent

$25.2K $13.80/SF

− Vacancy

−$882 −$0.48/SF

EGI

$24.3K $13.32/SF

− OpEx

−$7.3K −$4.00/SF

NOI

$17.0K $9.32/SF

Area

Monroe County, NY

Vacancy

3.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,440

Cap Rate 7%

$243,171

Cap Rate 9%

$189,133

Alternative Uses

Best Use

Multifamily LT 5

$243.2K

$212.8K – $283.7K (±1% cap)

NOI $17,022 @ 7.0% cap · market cap 5.01%

Second Best

Apartment 5plus

$219.6K

$192.2K – $256.3K (±1% cap)

NOI $15,375 @ 7.0% cap · market cap 4.52%

Theoretical Best

Specialty Retail

$350.5K

$306.7K – $409.0K (±1% cap)

NOI $24,538 @ 7.0% cap · market cap 7.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

582

Businesses Nearby

Explore this area Business Placement

Demographics for 14445, NY

7,781

Population

3,661

Households

2.1

Avg Household Size

39

Median Age

36%

College-Educated

93%

High-School Grad

2.0 sq mi

ZIP Area

3,891

Density / Sq Mi

$72,250

Median Household Income

$41,887

Median Earnings

$1,130

Median Rent

$151,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two apartments offer a three-bedroom layout and a separate two-bedroom unit with finished attic space.

Where is this duplex located?

The property is located at 106 Madison Street East Rochester, NY.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: Two‑unit duplex with one three‑bedroom apartment and one two‑bedroom apartment; Finished attic access in the two‑bedroom unit, providing additional living or storage area; Renovated kitchens and bathrooms, plus updated windows and flooring