Two-Unit Duplex with Off-Street
15-17 Cypress Street, Rochester, NY 14620
For Sale
$299,000
Pending
Five bedrooms are distributed across two apartments with dedicated laundry and separate utilities.
Property Size2,043 SF
Days on Market63
Property Features for 15-17 Cypress Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
full appliance package
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Empire Realty Group
Listed By:
Agnieszka J. Bajan · License NY #10301202481
(585) 519-2139
Source:
Griffith-realty
Added: Sep 8
Changed: Nov 5
Last Checked: Nov 8 at 11:24AM
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 Empire Realty Group
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Investment Insights
Based on property information with market context.
Built in 1890, this duplex at 15-17 Cypress Street includes two separate apartments. The upper unit has 2 bedrooms and 1 full bath, while the lower unit provides 3 bedrooms and 1 full bath. Both apartments include in-unit laundry, full appliance packages, generous room layouts, and original architectural features. Utilities are separately metered for each apartment, with water and sewer shared between the units.
The property includes 4 off-street parking spaces and is located in Rochester near Highland Park and College Town. Its two-unit configuration, separate utility setup, and differing bedroom layouts provide a clear residential income property format with flexibility for occupancy or leasing.
The property includes 4 off-street parking spaces and is located in Rochester near Highland Park and College Town. Its two-unit configuration, separate utility setup, and differing bedroom layouts provide a clear residential income property format with flexibility for occupancy or leasing.
Key Highlights
- Two apartments: upper unit with 2 bedrooms and 1 full bath; lower unit with 3 bedrooms and 1 full bath
- 4 off‑street parking spaces
- In‑unit laundry and full appliance packages in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,513
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,260
$470.3K
Cap Rate 7%
$335,900
$335.9K
Cap Rate 9%
$261,256
$261.3K
Market Conditions
NOI Build-Up for 2,043 SF
Gross rent
$35.5K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$33.6K $16.44/SF
− OpEx
−$10.1K −$4.93/SF
NOI
$23.5K $11.51/SF
Area
Rochester, NY
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,260
Cap Rate 7%
$335,900
Cap Rate 9%
$261,256
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$293.9K – $391.9K
NOI $23,513 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,958 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$559.7K
$489.7K – $653.0K
NOI $39,177 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
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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
$197,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rochester, NY
Properties on Market for Duplexes in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Five bedrooms are distributed across two apartments with dedicated laundry and separate utilities.
Where is this duplex located?
The property is located at 15-17 Cypress Street Rochester, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two apartments: upper unit with 2 bedrooms and 1 full bath; lower unit with 3 bedrooms and 1 full bath; 4 off‑street parking spaces; In‑unit laundry and full appliance packages in both apartments
