1897 Ridge Rd, Ontario, NY 14519
- Added:
- May 20, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 5 at 11:06 pm
Property Features for 1897 Ridge Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Interior features
- ProgrammableThermostat
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 543400-063-117-0009-204-514-0000
- Size
- 1,724 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2749
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Varies
- Building materials
- BlownInInsulation, VinylSiding, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Bonnie F Pagano License #10301214525 (585) 739-1200
Listing office Core Agency RE INC 488 Plank Rd, Webster, NY (585) 420-8520
Listing date May 20, 2026
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.
HighLights
- Completely renovated duplex with 2 updated units: 3BD/1BA and 1BD/1BA
- In‑unit laundry in the 3‑bedroom unit, plus updated flooring with plank flooring in lower living spaces and new carpet in bedrooms
- Two brand‑new refrigerators included with the property
- Major mechanical updates: both furnaces replaced April 2026; new hot water tank May 2026; second hot water tank from 2016
- Roof is approximately 14 years old; maintenance‑friendly vinyl siding and vinyl replacement windows throughout
- Separate utilities and electrical: separate 100‑amp electrical panels and separate gas, electric, and water meters; walk‑out basement with glass block windows
Overview
The duplex is located at 1897 Ridge Rd in Ontario, New York (Wayne County). With a lot size of 0.2 acres, the property is positioned for low-maintenance ownership with exterior materials designed for easier upkeep.
For a tenant-occupant or investor, the practical advantage is the separation of utilities and electrical service, with separate gas, electric, and water meters that can simplify billing and operations. One of the units is currently rented with a 1-year lease in place, supporting immediate occupancy for the owner seeking rental income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $13.80 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $21.0k | $12.18 |
| − OpEx | −$6.3k | −$3.66 |
| NOI | $14.7k | $8.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Wayne
- State
- New York
- Longitude
- -77.289131
- Latitude
- 43.222965
