Remodeled
For Sale
$439,000
196 Bristol St, Canandaigua, NY 14424
Fully occupied duplex with updated building systems, in-unit laundry areas, and a two-car garage.
Property Size1,992 SF
Price / SF$220.38
Days on Market95
Property Features for 196 Bristol St
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Furnished
No
Multifamily Units
2
Amenities
garage
in-unit laundry
Building Details
Year Built
1862
Year Renovated
2010
Listing Agency:
Realmart Realty, LLC
Listed By:
Jack Qizhan Yao · License #10491203908
(888) 362-6543
Source:
Skinnercnyrealty
Added: Aug 3
Changed: Oct 25
Last Checked: Nov 4 at 5:12PM
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 Realmart Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two apartments, each with two entry and exit points and its own laundry area. The house underwent a comprehensive remodel in 2010, including gas furnaces with new ductwork, PEX plumbing, electrical updates, energy-efficient windows, steel doors, Hardie board siding, and finished interior improvements. Each unit is equipped with a gas stove, refrigerator, dishwasher, washer, and dryer. Hardwood flooring serves the living areas, while the bathrooms and laundry room feature tile or granite flooring.
The property also includes a two-car garage with remote-controlled doors, additional storage, and a large paved driveway. Gas hot water tanks were installed in 2020. The house roof was replaced in 2011, and the barn roof was replaced in 2020. It is fully occupied and has been continuously rented for 15 years. The address is near downtown Canandaigua, shopping, dining, Canandaigua Lake, FLCC, CMAC, the Finger Lakes, and major routes.
The property also includes a two-car garage with remote-controlled doors, additional storage, and a large paved driveway. Gas hot water tanks were installed in 2020. The house roof was replaced in 2011, and the barn roof was replaced in 2020. It is fully occupied and has been continuously rented for 15 years. The address is near downtown Canandaigua, shopping, dining, Canandaigua Lake, FLCC, CMAC, the Finger Lakes, and major routes.
Key Highlights
- Two‑apartment duplex with continuous rental history of 15 years
- Comprehensive interior and systems remodel completed in 2010
- Two‑car garage with remote‑controlled doors, storage, and large paved driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,511
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,220
$510.2K
Cap Rate 7%
$364,443
$364.4K
Cap Rate 9%
$283,456
$283.5K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$39.4K $19.80/SF
− Vacancy
−$3.0K −$1.50/SF
EGI
$36.4K $18.30/SF
− OpEx
−$10.9K −$5.49/SF
NOI
$25.5K $12.81/SF
Area
Ontario County, NY
Vacancy
7.60%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,220
Cap Rate 7%
$364,443
Cap Rate 9%
$283,456
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.9K – $425.2K
NOI $25,511 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$324.8K
$284.2K – $379.0K
NOI $22,739 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$596.2K
$521.7K – $695.6K
NOI $41,736 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
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Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with updated building systems, in-unit laundry areas, and a two-car garage.
Where is this duplex located?
The property is located at 196 Bristol St Canandaigua, NY.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two‑apartment duplex with continuous rental history of 15 years; Comprehensive interior and systems remodel completed in 2010; Two‑car garage with remote‑controlled doors, storage, and large paved driveway
