Updated Duplex with Walkout
For Sale
$500,000
167 S Main St Unit 2, Fairport, NY 14450
Flexible multi-level layout with separate living areas, upgraded systems, and three laundry rooms.
Property Size2,136 SF
Price / SF$234.08
Days on Market47
Property Features for 167 S Main St Unit 2
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Multi-Family
Building Details
Year Built
1880
Abandoned
No
Listing Agency:
Howard Hanna
Listed By:
Kathy J. Goldschmidt-Ocorr · License #40GO0925733
(585) 473-1320
Source:
Skinnercnyrealty
Added: Sep 5
Changed: Oct 6
Last Checked: Oct 7 at 4:41PM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This Fairport duplex offers a flexible configuration across the main residence, upper apartment, and remodeled walkout basement. The main level includes four bedrooms, two full baths, and its own laundry area. Upstairs, the apartment provides two bedrooms, one bath, an eat-in kitchen, laundry, and access to a full walk-up attic. The basement adds two bedrooms, a full bath, separate entry, and laundry, with space identified for a kitchen. The property can accommodate owner occupancy or income-producing use, subject to applicable approvals.
Recent improvements include new windows, central air conditioning, three new laundry rooms, a new driveway, and more than $100,000 in completed work. Built in 1880, the 2,136-square-foot property is located on S Main St in the Village of Fairport, near the Erie Canal waterfront, restaurants, festivals, and walkable village amenities.
Recent improvements include new windows, central air conditioning, three new laundry rooms, a new driveway, and more than $100,000 in completed work. Built in 1880, the 2,136-square-foot property is located on S Main St in the Village of Fairport, near the Erie Canal waterfront, restaurants, festivals, and walkable village amenities.
Key Highlights
- 2,136‑square‑foot duplex in Fairport’s Village setting
- Main level includes 4 bedrooms, 2 full baths, and laundry
- Upper apartment offers 2 bedrooms, 1 bath, eat‑in kitchen, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,912
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,240
$398.2K
Cap Rate 7%
$284,457
$284.5K
Cap Rate 9%
$221,244
$221.2K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$29.5K $13.80/SF
− Vacancy
−$1.0K −$0.48/SF
EGI
$28.4K $13.32/SF
− OpEx
−$8.5K −$4.00/SF
NOI
$19.9K $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%
$398,240
Cap Rate 7%
$284,457
Cap Rate 9%
$221,244
Alternative Uses
Best Use
Multifamily LT 5
$284.5K
$248.9K – $331.9K
NOI $19,912 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$410.0K
$358.8K – $478.4K
NOI $28,703 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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Business Placement
Demographics for 14450, NY
42,633
Population
19,054
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
97%
High-School Grad
32.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$109,543
Median Household Income
$62,613
Median Earnings
$1,258
Median Rent
$281,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible multi-level layout with separate living areas, upgraded systems, and three laundry rooms.
Where is this duplex located?
The property is located at 167 S Main St Unit 2 Fairport, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,136‑square‑foot duplex in Fairport’s Village setting; Main level includes 4 bedrooms, 2 full baths, and laundry; Upper apartment offers 2 bedrooms, 1 bath, eat‑in kitchen, and laundry
