Two-Unit Duplex with
For Sale
$179,900
187 Wisconsin Street, Rochester, NY 14609
Residential, Rochester, NY
Property Size1,275 SF
Lot Size0.11 Acres
Price / SF$141.10
Days on Market12
Property Features for 187 Wisconsin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Basement
Appliances
GasWaterHeater
Subdivision
Thos Bucher
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Rochester
Middle school district
Rochester
High school district
Rochester
Standard status
Active
APN
261400-107-720-0003-011-000-0000
Size
1,275 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5124
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
shared private backyard
off-street parking
coin-operated laundry
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Varies
Building materials
VinylSiding
Roof type
Asphalt
Listing Agency:
RE/MAX Plus · RE/MAX International
(585) 279-8200
Listed By:
Colin Dombek · License #10301219760
(585) 279-8026
Added: Sep 11
Changed: Sep 18
Last Checked: Sep 22 at 1:06PM
MLS# R1713968
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,275-square-foot duplex, built in 1925, contains two one-bedroom apartments and a basement. The property is fully rented and includes a shared private backyard, off-street parking, and coin-operated laundry. Vinyl siding, vinyl windows, varied tile and vinyl flooring, asphalt roofing, and a gas water heater are among the existing improvements. Heating is provided by forced-air natural gas, with public water serving the building.
Located in Rochester, New York, the property occupies 0.1065 acres at 187 Wisconsin Street. The two-unit configuration offers separate apartments within a compact residential building, while the shared outdoor area and on-site parking provide practical amenities for occupants.
Located in Rochester, New York, the property occupies 0.1065 acres at 187 Wisconsin Street. The two-unit configuration offers separate apartments within a compact residential building, while the shared outdoor area and on-site parking provide practical amenities for occupants.
Key Highlights
- Two 1‑bedroom apartments in a fully rented duplex
- 1,275 square feet on 0.1065 acres
- Coin‑operated laundry, shared private backyard, and off‑street parking
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
$14,674
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
8.16%
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%
$293,480
$293.5K
Cap Rate 7%
$209,629
$209.6K
Cap Rate 9%
$163,044
$163.0K
Market Conditions
NOI Build-Up for 1,275 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
$22.2K $17.40/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$21.0K $16.44/SF
− OpEx
−$6.3K −$4.93/SF
NOI
$14.7K $11.51/SF
Area
Rochester, NY
Vacancy
5.51%
Lease Rate
$17.40 /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%
$293,480
Cap Rate 7%
$209,629
Cap Rate 9%
$163,044
Alternative Uses
Best Use
Multifamily LT 5
$209.6K
$183.4K – $244.6K
NOI $14,674 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$186.8K
$163.5K – $218.0K
NOI $13,079 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 13.59%
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
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 14609, NY
41,329
Population
19,404
Households
2.1
Avg Household Size
37
Median Age
33%
College-Educated
88%
High-School Grad
7.4 sq mi
ZIP Area
5,585
Density / Sq Mi
$61,933
Median Household Income
$42,046
Median Earnings
$1,122
Median Rent
$144,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented property with two one-bedroom apartments, a shared backyard, and off-street parking.
Where is this duplex located?
The property is located at 187 Wisconsin Street Rochester, NY.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two 1‑bedroom apartments in a fully rented duplex; 1,275 square feet on 0.1065 acres; Coin‑operated laundry, shared private backyard, and off‑street parking
