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: Sep 20 Last Checked: Sep 20 at 10:52AM

Report an Issue

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 Keller Williams Realty Greater Rochester

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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$16,537

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.62%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$330,740 $330.7K

Cap Rate 7%

$236,243 $236.2K

Cap Rate 9%

$183,744 $183.7K

Market Conditions

NOI Build-Up for 1,774 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

139

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Ranch-Style Side-by-Side Duplex

372 Belcoda Rd, Wheatland, NY 14546

$299,900

2,500 SF

View details

Ice Skating and Entertainment Facility

2000 Scottsville Chili Road, Wheatland, NY 14546

Contact for pricing

39,327 SF

View details

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