Stabilized Three-Family Residential
31 Genesee St Geneva, NY 14456
31 Genesee St, Geneva, NY, 14456
$325,000
For Sale
$325,000
Fully occupied triplex with three separately metered two-bedroom units and recent key building improvements.
Days on Market32
Property Features for 31 Genesee St
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1880
Listing agency
Benchmark Realty Advisors, LLC
(585) 337-1764
Listed by
Evan Schaefer · License #10301221499
(585) 337-1764
Source
Elliman
Added: Jun 21 Updated: Jul 10 at 2:03PM Checked: Jun 23 at 2:12AM
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 Benchmark Realty Advisors, LLC
Investment Insights
Based on property information with market context.
31 Genesee St is a fully occupied, low-maintenance three-family (triplex) property with three separately metered apartments spread across three levels. Each unit is configured as a 2-bedroom, 1-bath home. The upper apartment includes a private rear stairway entrance and a dedicated mudroom/storage area. The main level features a shared storage room for larger items, accessible to Apartments 2 and 3.
The building is set up with keypad entry, and it includes a secured utility room for mechanicals and owner storage. The property has seen several operational improvements, including a new sewer line from the street, a new membrane roof, and a newer boiler and hot water heater. Tenants pay for internet and electric in addition to rent.
For investors or owner-operators seeking a stabilized residential income property, this triplex is professionally managed by a local management company that could continue oversight after closing if preferred. The offering will include all landlord-owned appliances at closing and is described as trading with a fresh Certificate of Occupancy, supporting continuity for a new owner with minimal immediate capital needs.
The building is set up with keypad entry, and it includes a secured utility room for mechanicals and owner storage. The property has seen several operational improvements, including a new sewer line from the street, a new membrane roof, and a newer boiler and hot water heater. Tenants pay for internet and electric in addition to rent.
For investors or owner-operators seeking a stabilized residential income property, this triplex is professionally managed by a local management company that could continue oversight after closing if preferred. The offering will include all landlord-owned appliances at closing and is described as trading with a fresh Certificate of Occupancy, supporting continuity for a new owner with minimal immediate capital needs.
Key Highlights
- Fully occupied 3‑family triplex built in 1880 with three separately metered 2 bed, 1 bath apartments across three levels
- In‑place NOI of $34,575/year on current operations and an 11% cap rate
- Key building improvements include a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied triplex with three separately metered two-bedroom units and recent key building improvements.
Where is this triplex located?
The property is located at 31 Genesee St Geneva, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully occupied 3‑family triplex built in 1880 with three separately metered 2 bed, 1 bath apartments across three levels; In‑place NOI of $34,575/year on current operations and an 11% cap rate; Key building improvements include a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater
