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    Income Producing Duplex with Garage Title is generated by Realmo AI

    284 Jefferson Ave, Rochester, NY 14621

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    For Sale
    $99,900

    Well-maintained duplex with one occupied unit and one vacant unit, plus a detached garage and updated systems.

    Type:Multi Family
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 2:09 am

    Property Features for 284 Jefferson Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1890

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    Listing Contact
    Cassandra Bradley

    Listing agent Cassandra Bradley

    Listing office

    Listing date Jun 1, 2026

    Source Elliman

    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 Cassandra Bradley

    HighLights

    • Income‑producing duplex in Rochester’s Genesee/Jefferson neighborhood with one occupied unit and one vacant unit
    • Upper unit is occupied by a long‑term tenant since 2014 on a month‑to‑month lease paying $680/month
    • Major updates include roof (2010), furnace serviced (2024), and electrical box updated (2024)
    • Downstairs unit improvements include new flooring and paint
    • Exterior features include low‑maintenance vinyl siding and windows, plus a spacious one‑car detached garage with ample off‑street parking
    • New valid certificate of occupancy (C of O) effective through 5/2032

    Overview

    This income-producing duplex offers a practical two-unit setup with a long-term upper tenant and a lower unit that is ready for new occupancy. The upper unit has been occupied since 2014 on a month-to-month basis, currently paying $680. The lower unit is vacant and has had recent interior updates, including new flooring and paint. Major exterior and mechanical improvements include a roof installed in 2010, a furnace serviced in 2024, an updated electrical box in 2024, and a new free-standing AC unit. The property also features low-maintenance vinyl siding and windows, along with a spacious one-car detached garage and ample off-street parking. A new valid Certificate of Occupancy is in place and remains valid until 5/2032.

    Located in Rochester’s Genesee/Jefferson neighborhood, the property is described as just minutes to the University of Rochester and Strong Hospital, and near 590. WalkScore is listed at 79 (Very Walkable), and bikeScore is listed at 93 (Biker’s Paradise), with transitScore at 41 (Some Transit).

    For buyers, this duplex is suited to either an owner-occupant seeking rental support from the occupied unit or an investor looking for a property with recent upkeep and a ready-for-tenant unit. With substantial updates already completed and an active C of O extending through 2032, it’s designed to support straightforward near-term occupancy decisions.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6287121
    Latitude
    43.1494009

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with one occupied unit and one vacant unit, plus a detached garage and updated systems.
    Where is this duplex located?
    The property is located at 284 Jefferson Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Income‑producing duplex in Rochester’s Genesee/Jefferson neighborhood with one occupied unit and one vacant unit; Upper unit is occupied by a long‑term tenant since 2014 on a month‑to‑month lease paying $680/month; Major updates include roof (2010), furnace serviced (2024), and electrical box updated (2024)
    (585) 490-6943
    We can help!
    Listing Contact
    Cassandra Bradley
    Learn More
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    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.

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