Historic Three-Unit
New
For Sale
$389,900
155 East Main Street, Victor, NY 14564
Individual gas and electric meters serve each apartment, and two units are occupied by tenants.
Property Size3,127 SF
Days on Market5
Property Features for 155 East Main Street
General Information
Standard status
Active
Size
3,127 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,858
Building Details
Building Size
3,127 SF
Year Built
1875
Buildings
1
Listing Agency:
Amanda Grover Real Estate, LLC
Listed By:
Steven M Hullings · License #10401316363
(585) 797-3623
Source:
Highfallssir
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 2:26PM
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 Amanda Grover Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1875, this triplex contains three apartments: one with four bedrooms, one with two, and one with a single bedroom. The exterior has received professional painting, and the vacant apartment has been remodeled. An EPDM roof covers the building, and gas and electric service are separately metered for each unit.
Two apartments are rented, while the remodeled unit is vacant. Shops, restaurants, and everyday services are nearby in the village setting.
Two apartments are rented, while the remodeled unit is vacant. Shops, restaurants, and everyday services are nearby in the village setting.
Key Highlights
- Three apartments with four-, two-, and one‑bedroom layouts
- Two of the three apartments are rented
- The vacant apartment has been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,696
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,920
$713.9K
Cap Rate 7%
$509,943
$509.9K
Cap Rate 9%
$396,622
$396.6K
Market Conditions
NOI Build-Up for 3,127 SF
Gross rent
$70.5K $22.56/SF
− Vacancy
−$5.6K −$1.80/SF
EGI
$64.9K $20.76/SF
− OpEx
−$29.2K −$9.34/SF
NOI
$35.7K $11.42/SF
Area
Ontario County, NY
Vacancy
8.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,920
Cap Rate 7%
$509,943
Cap Rate 9%
$396,622
Alternative Uses
Best Use
Multifamily LT 5
$572.1K
$500.6K – $667.4K
NOI $40,046 @ 7.0% cap · market cap 10.27%
Second Best
Apartment 5plus
$509.9K
$446.2K – $594.9K
NOI $35,696 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$936.0K
$819.0K – $1.09M
NOI $65,517 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 14564, NY
16,138
Population
7,021
Households
2.3
Avg Household Size
46
Median Age
57%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
382
Density / Sq Mi
$111,293
Median Household Income
$63,358
Median Earnings
$1,431
Median Rent
$337,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Individual gas and electric meters serve each apartment, and two units are occupied by tenants.
Where is this triplex located?
The property is located at 155 East Main Street Victor, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three apartments with four-, two-, and one‑bedroom layouts; Two of the three apartments are rented; The vacant apartment has been remodeled
