Two-Residence Duplex with Detached
New
For Sale
$550,000
1744 Jackson Road, Penfield, NY 14526
Attached secondary living quarters, separate utilities, and flexible indoor and outdoor spaces support a versatile duplex configuration.
Property Size2,755 SF
Days on Market4
Property Features for 1744 Jackson Road
General Information
Standard status
Active
Size
2,755 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,935
Building Details
Building Size
2,755 SF
Year Built
1900
Listing Agency:
Hunt Real Estate ERA/Columbus
Listed By:
Laurie Dietrich · License #10301200134
(585) 313-3484
Source:
Griffith-realty
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 7:38AM
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 combines an approximately 1,500-square-foot main residence with an attached secondary residence of approximately 1,200 square feet. The primary home includes three bedrooms, one full bath, formal dining, two living areas, a first-floor den, original hardwood flooring, and a full basement with laundry and storage. The second residence offers two bedrooms, two full baths, a primary suite, chef’s kitchen, laundry, loft-style office area, walk-in closet, and Jacuzzi tub.
The property occupies nearly an acre with mature flowering trees, lawn and patio areas, a side deck, privacy berm, and circular driveway. Backyard views extend toward a private golf course. Central air conditioning, separate utilities, newer windows, and regularly serviced mechanical systems add practical functionality. A detached garage built in 2015 provides second-floor storage and additional workspace or hobby area.
The property occupies nearly an acre with mature flowering trees, lawn and patio areas, a side deck, privacy berm, and circular driveway. Backyard views extend toward a private golf course. Central air conditioning, separate utilities, newer windows, and regularly serviced mechanical systems add practical functionality. A detached garage built in 2015 provides second-floor storage and additional workspace or hobby area.
Key Highlights
- Two attached living spaces: approximately 1,500‑square‑foot main residence and approximately 1,200‑square‑foot secondary residence
- Main residence offers 3 bedrooms, 1 full bath, formal dining, two living areas, den, and full basement
- Secondary residence includes two bedrooms, two full baths, primary suite, loft office, and Jacuzzi tub
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
181
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Attached secondary living quarters, separate utilities, and flexible indoor and outdoor spaces support a versatile duplex configuration.
Where is this duplex located?
The property is located at 1744 Jackson Road 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 attached living spaces: approximately 1,500‑square‑foot main residence and approximately 1,200‑square‑foot secondary residence; Main residence offers 3 bedrooms, 1 full bath, formal dining, two living areas, den, and full basement; Secondary residence includes two bedrooms, two full baths, primary suite, loft office, and Jacuzzi tub
