Updated
For Sale
$224,900
148-150 Bowman Street, Rochester, NY 14609
Two separate units have refreshed kitchens, flooring, and bathrooms.
Property Size1,969 SF
Days on Market13
Property Features for 148-150 Bowman Street
General Information
Standard status
Active
Size
1,969 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Emma, Ace
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,778
Building Details
Building Size
1,969 SF
Year Built
1912
Buildings
1
Listing Agency:
Hunt Real Estate ERA/Columbus
Listed By:
Kristy J Danno · License #10301218416
(585) 785-2000
Source:
Griffith-realty
Added: Oct 23
Changed: Nov 4
Last Checked: Nov 3 at 1:07PM
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 Hunt Real Estate ERA/Columbus
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.
This two-family property contains two residential units, each with updated kitchens featuring new cabinets, countertops, and appliances. New flooring extends throughout both units, and each side has an updated bathroom. The building dates to 1912.
One unit currently rents for $1,350 per month. The property is located at 148-150 Bowman Street in Rochester, New York.
One unit currently rents for $1,350 per month. The property is located at 148-150 Bowman Street in Rochester, New York.
Key Highlights
- Two‑unit duplex
- Both units have new kitchens with cabinets, countertops, and appliances
- New flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,199
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,980
$404.0K
Cap Rate 7%
$288,557
$288.6K
Cap Rate 9%
$224,433
$224.4K
Market Conditions
NOI Build-Up for 1,969 SF
Gross rent
$39.0K $19.80/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$36.7K $18.65/SF
− OpEx
−$16.5K −$8.39/SF
NOI
$20.2K $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%
$403,980
Cap Rate 7%
$288,557
Cap Rate 9%
$224,433
Alternative Uses
Best Use
Multifamily LT 5
$323.7K
$283.3K – $377.7K
NOI $22,661 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$539.4K
$472.0K – $629.3K
NOI $37,758 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 14609, NY
41,329
Population
19,404
Households
2.1
Avg Household Size
37
Median Age
33%
College-Educated
88%
High-School Grad
7.4 sq mi
ZIP Area
5,585
Density / Sq Mi
$61,933
Median Household Income
$42,046
Median Earnings
$1,122
Median Rent
$144,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units have refreshed kitchens, flooring, and bathrooms.
Where is this duplex located?
The property is located at 148-150 Bowman Street Rochester, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑unit duplex; Both units have new kitchens with cabinets, countertops, and appliances; New flooring throughout both units
