Duplex with Occupied 1- and 2-Bed
For Sale
$214,999
1062 S Clinton Ave, Rochester, NY 14620
Well-maintained duplex with a current Certificate of Occupancy on file and occupied 1- and 2-bedroom apartments.
Property Size1,880 SF
Days on Market42
Property Features for 1062 S Clinton Ave
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,635
Building Details
Building Size
1,880 SF
Year Built
1850
Units
2
Listing Agency:
(585) 350-6636
Listed By:
Paul A. Seeger
(585) 350-6636
Source:
Elliman
Added: Jul 11
Changed: Aug 7
Last Checked: Aug 21 at 9:09AM
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 Paul A. Seeger
Investment Insights
Based on property information with market context.
This duplex offers two residential units comprising a 1-bedroom and a 2-bedroom apartment, both currently occupied with tenants in place. The building is reported to be in great shape, and a current Certificate of Occupancy is on file with the city.
The property is offered for sale as part of a potential package, with the seller also marketing a neighboring property featuring the same overall setup.
For buyers evaluating residential income real estate, this configuration provides an owner with two income units that are already leased at the time of sale, supported by the stated occupancy documentation.
The property is offered for sale as part of a potential package, with the seller also marketing a neighboring property featuring the same overall setup.
For buyers evaluating residential income real estate, this configuration provides an owner with two income units that are already leased at the time of sale, supported by the stated occupancy documentation.
Key Highlights
- Duplex built in 1850 with a current Certificate of Occupancy on file
- Fully occupied 1‑bedroom and 2‑bedroom apartments with tenants stated as current
- Well‑maintained and described as clean and well kept
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,286
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,720
$385.7K
Cap Rate 7%
$275,514
$275.5K
Cap Rate 9%
$214,289
$214.3K
Market Conditions
NOI Build-Up for 1,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.2K $19.80/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$35.1K $18.65/SF
− OpEx
−$15.8K −$8.39/SF
NOI
$19.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,720
Cap Rate 7%
$275,514
Cap Rate 9%
$214,289
Alternative Uses
Best Use
Multifamily LT 5
$309.1K
$270.5K – $360.6K
NOI $21,637 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$275.5K
$241.1K – $321.4K
NOI $19,286 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$515.0K
$450.6K – $600.9K
NOI $36,051 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 14620, NY
24,185
Population
13,060
Households
1.9
Avg Household Size
35
Median Age
56%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
5,497
Density / Sq Mi
$59,525
Median Household Income
$40,467
Median Earnings
$1,193
Median Rent
$197,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with a current Certificate of Occupancy on file and occupied 1- and 2-bedroom apartments.
Where is this duplex located?
The property is located at 1062 S Clinton Ave Rochester, NY.
What is the asking price?
The asking price for this property is $214,999.
What are key features of this property?
This property features: Duplex built in 1850 with a current Certificate of Occupancy on file; Fully occupied 1‑bedroom and 2‑bedroom apartments with tenants stated as current; Well‑maintained and described as clean and well kept
