Duplex with Detached
New
For Sale
$550,000
1744 Jackson Rd, Penfield, NY 14526
Two distinct residences with separate utilities, flexible living arrangements, and a detached garage with additional storage.
Property Size2,755 SF
Price / SF$199.64
Days on Market4
Property Features for 1744 Jackson Rd
General Information
Standard status
Active
Size
2,755 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
central air conditioning
patio
deck
Jacuzzi tub
detached garage
Building Details
Year Built
1900
Listing Agency:
Hunt Real Estate ERA/Columbus
Listed By:
Laurie Dietrich · License #10301200134
(585) 313-3484
Source:
Skinnercnyrealty
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 22 at 8:36PM
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 Hunt Real Estate ERA/Columbus
Investment Insights
Based on property information with market context.
This duplex property combines a main residence with a separate attached apartment. The approximately 1,500-square-foot primary home includes three bedrooms, one full bath, a formal dining room, two living areas, a first-floor den, original hardwood floors, and a full basement with laundry and storage. The approximately 1,200-square-foot secondary residence offers two bedrooms, two full baths, a main-floor primary suite, chef’s kitchen, laundry, loft-style office area, and oversized walk-in closet. A Jacuzzi tub is located in the second bathroom.
Central air conditioning, separate utilities, newer windows, and regularly serviced mechanical systems add functional appeal. Exterior features include mature flowering trees, a privacy berm, lawn and patio areas, side deck, and circular driveway. A detached garage built in 2015 provides second-floor storage and additional workspace or hobby space. The property also overlooks a private golf course and may offer subdivision potential.
Central air conditioning, separate utilities, newer windows, and regularly serviced mechanical systems add functional appeal. Exterior features include mature flowering trees, a privacy berm, lawn and patio areas, side deck, and circular driveway. A detached garage built in 2015 provides second-floor storage and additional workspace or hobby space. The property also overlooks a private golf course and may offer subdivision potential.
Key Highlights
- Two‑residence configuration with approximately 1,500‑square‑foot main home and approximately 1,200‑square‑foot apartment
- Main residence includes 3 bedrooms, 1 full bath, full basement, den, dining room, and two living areas
- Attached apartment offers 2 bedrooms, 2 full baths, loft office area, and oversized walk‑in closet
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
$25,682
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
4.67%
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%
$513,640
$513.6K
Cap Rate 7%
$366,886
$366.9K
Cap Rate 9%
$285,356
$285.4K
Market Conditions
NOI Build-Up for 2,755 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
$38.0K $13.80/SF
− Vacancy
−$1.3K −$0.48/SF
EGI
$36.7K $13.32/SF
− OpEx
−$11.0K −$4.00/SF
NOI
$25.7K $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%
$513,640
Cap Rate 7%
$366,886
Cap Rate 9%
$285,356
Alternative Uses
Best Use
Multifamily LT 5
$366.9K
$321.0K – $428.0K
NOI $25,682 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$331.4K
$290.0K – $386.6K
NOI $23,197 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$528.9K
$462.8K – $617.0K
NOI $37,021 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 14526, NY
20,932
Population
8,231
Households
2.5
Avg Household Size
44
Median Age
62%
College-Educated
97%
High-School Grad
16.4 sq mi
ZIP Area
1,276
Density / Sq Mi
$110,566
Median Household Income
$62,334
Median Earnings
$1,168
Median Rent
$256,600
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?
Duplex - Two distinct residences with separate utilities, flexible living arrangements, and a detached garage with additional storage.
Where is this duplex located?
The property is located at 1744 Jackson Rd Penfield, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑residence configuration with approximately 1,500‑square‑foot main home and approximately 1,200‑square‑foot apartment; Main residence includes 3 bedrooms, 1 full bath, full basement, den, dining room, and two living areas; Attached apartment offers 2 bedrooms, 2 full baths, loft office area, and oversized walk‑in closet
