Building Details

Building Size 1,774 SF

Year Built 1900

Listing Agency: Keller Williams Realty Greater Rochester

Listed By: Camelia Phongsa · License #10401310871 Show Phone

Source: Griffith-realty

Added: Sep 13 Changed: Nov 4 Last Checked: Nov 4 at 8:37PM

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Investment Insights

Based on property information with market context.

Built in 1900, this duplex offers two residential units with distinct layouts and updated interiors. One unit includes two bedrooms, one-and-a-half baths, and second-floor laundry. The other provides a new kitchen, first-floor laundry, hardwood floors, and additional improvements. Both residences are arranged to function with the feel of private homes while serving the flexibility of a duplex property.

Outdoor amenities include porches, patios, a workshop, and a separate barn. The workshop and barn provide adaptable space for storage, hobbies, equipment, or recreational items. Recent work completed within the last three years includes improvements to the electrical system, windows, appliances, tankless water system, and heating and cooling systems. The property is located at 17 Maple Street in Wheatland, New York, within the Village of Scottsville.

Key Highlights

• Duplex built in 1900 with two residential units
• One unit offers two bedrooms, one‑and‑a‑half baths, and second‑floor laundry
• Second unit includes a new kitchen, first‑floor laundry, and hardwood floors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,537

Cap Rate

6.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$330,740 $330.7K

Cap Rate 7%

$236,243 $236.2K

Cap Rate 9%

$183,744 $183.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,774 SF

Gross rent

$24.5K $13.80/SF

− Vacancy

−$857 −$0.48/SF

EGI

$23.6K $13.32/SF

− OpEx

−$7.1K −$4.00/SF

NOI

$16.5K $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%

$330,740

Cap Rate 7%

$236,243

Cap Rate 9%

$183,744

Alternative Uses

Best Use

Multifamily LT 5

$236.2K

$206.7K – $275.6K (±1% cap)

NOI $16,537 @ 7.0% cap · market cap 6.62%

Second Best

Apartment 5plus

$213.4K

$186.7K – $249.0K (±1% cap)

NOI $14,937 @ 7.0% cap · market cap 5.98%

Theoretical Best

Specialty Retail

$340.6K

$298.0K – $397.3K (±1% cap)

NOI $23,839 @ 7.0% cap · market cap 9.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

139

Businesses Nearby

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Demographics for 14546, NY

4,872

Population

2,225

Households

2.2

Avg Household Size

42

Median Age

42%

College-Educated

98%

High-School Grad

36.1 sq mi

ZIP Area

135

Density / Sq Mi

$82,578

Median Household Income

$46,206

Median Earnings

$1,260

Median Rent

$173,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units feature refreshed interiors, laundry areas, porches, patios, and additional workshop and barn space.

Where is this duplex located?

The property is located at 17 Maple Street Wheatland, NY.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: Duplex built in 1900 with two residential units; One unit offers two bedrooms, one‑and‑a‑half baths, and second‑floor laundry; Second unit includes a new kitchen, first‑floor laundry, and hardwood floors