Duplex with Creekside
New
For Sale
$249,900
1088 Long Pond Road, Greece, NY 14626
A vacant one-bedroom residence accompanies a three-bedroom unit leased month to month.
Property Size2,082 SF
Days on Market3
Property Features for 1088 Long Pond Road
General Information
Standard status
Active
Size
2,082 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,624
Building Details
Building Size
2,082 SF
Year Built
1952
Listing Agency:
Keller Williams Realty Greater Rochester
Listed By:
Lorraine K. Kane · License #10401341149
(585) 764-9134
Source:
Griffith-realty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:30AM
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 Keller Williams Realty Greater Rochester
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1952, this duplex contains two separate residences: one with three bedrooms and one full bathroom, and another with one bedroom and one full bathroom. The larger unit is occupied under a month-to-month tenancy; the smaller residence is vacant and has been refreshed. Exterior work includes vinyl siding, a metal roof, and a new hot water tank.
The property occupies more than half an acre. A creek runs along the back edge of the backyard, providing a natural feature within the grounds.
The property occupies more than half an acre. A creek runs along the back edge of the backyard, providing a natural feature within the grounds.
Key Highlights
- Two residences: one with 3 bedrooms and 1 full bath, the other with 1 bedroom and 1 full bath
- Three‑bedroom residence occupied by long‑term tenants on a month‑to‑month lease
- Vacant one‑bedroom unit has been refreshed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,358
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,160
$427.2K
Cap Rate 7%
$305,114
$305.1K
Cap Rate 9%
$237,311
$237.3K
Market Conditions
NOI Build-Up for 2,082 SF
Gross rent
$41.2K $19.80/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$38.8K $18.65/SF
− OpEx
−$17.5K −$8.39/SF
NOI
$21.4K $10.26/SF
Area
Rochester, NY
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,160
Cap Rate 7%
$305,114
Cap Rate 9%
$237,311
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.5K – $399.4K
NOI $23,961 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$305.1K
$267.0K – $356.0K
NOI $21,358 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$570.3K
$499.1K – $665.4K
NOI $39,924 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 14626, NY
30,032
Population
13,717
Households
2.2
Avg Household Size
47
Median Age
32%
College-Educated
91%
High-School Grad
13.4 sq mi
ZIP Area
2,241
Density / Sq Mi
$78,785
Median Household Income
$47,479
Median Earnings
$1,206
Median Rent
$185,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A vacant one-bedroom residence accompanies a three-bedroom unit leased month to month.
Where is this duplex located?
The property is located at 1088 Long Pond Road Greece, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 1 full bath, the other with 1 bedroom and 1 full bath; Three‑bedroom residence occupied by long‑term tenants on a month‑to‑month lease; Vacant one‑bedroom unit has been refreshed
