Three-Unit Student Apartment
New
For Sale
$247,777
152 Monroe Avenue, Brockport, NY 14420
Separate gas and electric service supports straightforward utility management across the three apartments.
Property Size1,600 SF
Price / SF$154.86
Days on Market5
Property Features for 152 Monroe Avenue
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi Family
Occupancy
100%
Financials
Asking Price
$247,777
Gross Income
$21,700
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,289
Building Details
Building Size
1,600 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
RESULTS REALTORS
Listed By:
Richard Miller · License #37MI0760641
(585) 737-3000
Source:
Highfallssir
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 1:58PM
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 RESULTS REALTORS
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Investment Insights
Based on property information with market context.
This 1,600-square-foot triplex contains two one-bedroom apartments and one four-bedroom apartment, each with one bathroom. Three electric meters, three gas meters, and three forced-air heating units serve the apartments separately. The building dates to 1930 and has architectural shingles, thermal windows, composition siding, and a stone basement.
Off-street blacktop parking is available. The property is fully leased through the Spring 2027 semester, with occupancy subject to tenant rights. Showings require 48 hours’ advance notice.
Off-street blacktop parking is available. The property is fully leased through the Spring 2027 semester, with occupancy subject to tenant rights. Showings require 48 hours’ advance notice.
Key Highlights
- Three apartments: two 1‑bedroom units and one 4‑bedroom unit
- 1,600 square feet; built in 1930
- Separate service includes 3 electric meters, 3 gas meters, and 3 forced‑air heating units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,915
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,300
$298.3K
Cap Rate 7%
$213,071
$213.1K
Cap Rate 9%
$165,722
$165.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$22.1K $13.80/SF
− Vacancy
−$773 −$0.48/SF
EGI
$21.3K $13.32/SF
− OpEx
−$6.4K −$4.00/SF
NOI
$14.9K $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%
$298,300
Cap Rate 7%
$213,071
Cap Rate 9%
$165,722
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.4K – $248.6K
NOI $14,915 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$192.5K
$168.4K – $224.5K
NOI $13,472 @ 7.0% cap · market cap 5.44%
Theoretical Best
Specialty Retail
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Explore this area
Business Placement
Demographics for 14420, NY
19,567
Population
8,245
Households
2.4
Avg Household Size
34
Median Age
35%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
332
Density / Sq Mi
$69,716
Median Household Income
$35,211
Median Earnings
$951
Median Rent
$178,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electric service supports straightforward utility management across the three apartments.
Where is this triplex located?
The property is located at 152 Monroe Avenue Brockport, NY.
What is the asking price?
The asking price for this property is $247,777.
What are key features of this property?
This property features: Three apartments: two 1‑bedroom units and one 4‑bedroom unit; 1,600 square feet; built in 1930; Separate service includes 3 electric meters, 3 gas meters, and 3 forced‑air heating units
