Building Details

Building Size 1,836 SF

Year Built 1920

Buildings 1

Units 2

Listing Agency: RE/MAX Realty Group

Listed By: Elizabeth McKane Richmond · License #30RI1017765 Show Phone

Source: Elliman

Added: Aug 17 Changed: Oct 3 Last Checked: Oct 4 at 9:47AM

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Investment Insights

Based on property information with market context.

This 1920 duplex contains two spacious two-bedroom residences, each arranged with a living room, formal dining room, kitchen, bath, and enclosed three-season room. The first-floor apartment includes built-in bookcases, a decorative brick fireplace, and French doors opening to its sunroom. Updates include the first-floor kitchen and bath, along with newer vinyl windows throughout the property.

A cement driveway provides on-site parking, while the front porch adds usable exterior space. The upper residence includes a full walk-up attic for storage, and a newer large shed provides additional room for equipment and outdoor furnishings. The property is in the Village of East Rochester, near schools, parks, shopping, restaurants, coffee shops, and other village amenities. Its two-unit configuration supports either owner occupancy or an investor-owned rental arrangement.

Key Highlights

• Two spacious 2‑bedroom units in a duplex built in 1920
• Each residence includes a living room, formal dining room, kitchen, bath, and three‑season room
• First‑floor unit has built‑in bookcases, decorative brick fireplace, and French doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,115

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,300 $342.3K

Cap Rate 7%

$244,500 $244.5K

Cap Rate 9%

$190,167 $190.2K

Market Conditions

NOI Build-Up for 1,836 SF

Gross rent

$25.3K $13.80/SF

− Vacancy

−$887 −$0.48/SF

EGI

$24.5K $13.32/SF

− OpEx

−$7.3K −$4.00/SF

NOI

$17.1K $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%

$342,300

Cap Rate 7%

$244,500

Cap Rate 9%

$190,167

Alternative Uses

Best Use

Multifamily LT 5

$244.5K

$213.9K – $285.3K (±1% cap)

NOI $17,115 @ 7.0% cap · market cap 8.56%

Second Best

Apartment 5plus

$220.8K

$193.2K – $257.7K (±1% cap)

NOI $15,459 @ 7.0% cap · market cap 7.73%

Theoretical Best

Specialty Retail

$352.5K

$308.4K – $411.2K (±1% cap)

NOI $24,672 @ 7.0% cap · market cap 12.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Barber Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

634

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

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two-bedroom apartments feature updated interiors, parking, storage, and access to village schools, parks, shops, and dining.

Where is this duplex located?

The property is located at 217 East Ave East Rochester, NY.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Two spacious 2‑bedroom units in a duplex built in 1920; Each residence includes a living room, formal dining room, kitchen, bath, and three‑season room; First‑floor unit has built‑in bookcases, decorative brick fireplace, and French doors