Two-Unit Duplex with
15-17 Cypress Street, Rochester, NY 14620
For Sale
$299,000
Pending
Residential, Rochester, NY
Property Size2,043 SF
Lot Size0.11 Acres
Days on Market63
Property Features for 15-17 Cypress Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Empire Realty Group
(585) 204-2440
Listed By:
Agnieszka J. Bajan · License NY #10301202481
(585) 519-2139
Added: Sep 8
Changed: Oct 30
Last Checked: Nov 9 at 12:06PM
MLS# R1713052
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,043-square-foot duplex contains two separate apartments, with a two-bedroom, one-bath layout upstairs and a three-bedroom, one-bath layout below. Both units include in-unit laundry, full appliance packages, spacious rooms, and original architectural character. Natural woodwork, hardwood, tile, vinyl, carpet, and resilient flooring are among the interior finishes.
Each apartment has its own utilities, while water and sewer are shared. Four off-street parking spaces serve the property. Built in 1890, the building has composite siding, copper and PEX plumbing, a natural gas heating system, a gas water heater, and public water service.
The property is located in Rochester near Highland Park and College Town, with shopping, dining, entertainment, and other amenities in the surrounding area.
Each apartment has its own utilities, while water and sewer are shared. Four off-street parking spaces serve the property. Built in 1890, the building has composite siding, copper and PEX plumbing, a natural gas heating system, a gas water heater, and public water service.
The property is located in Rochester near Highland Park and College Town, with shopping, dining, entertainment, and other amenities in the surrounding area.
Key Highlights
- Two apartments: 2 bedrooms and 1 full bath upstairs; 3 bedrooms and 1 full bath downstairs
- 2,043 square feet on a 0.11‑acre lot
- 4 off‑street parking spaces
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
Multi-tenant
Tenancy
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 - Two apartments offer separate utilities, in-unit laundry, full appliance packages, and distinct bedroom layouts.
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: 2 bedrooms and 1 full bath upstairs; 3 bedrooms and 1 full bath downstairs; 2,043 square feet on a 0.11‑acre lot; 4 off‑street parking spaces
