Cash-Flowing Duplex With Two Laundry
For Sale
$439,000
196 Bristol Street, Canandaigua, NY 14424
MULTI_FAMILY - Other - Canandaigua, NY
Property Size1,992 SF
Lot Size0.15 Acres
Price / SF$220.38
Days on Market147
Property Features for 196 Bristol Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential 2 Unit
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 2
Parking features
Garage, Open
Interior features
NaturalWoodwork
Appliances
GasWaterHeater
Lot features
Corner Lot, Rectangular, Rectangular Lot
Middle school
Canandaigua Middle
High school
Canandaigua Academy
Elementary school district
Canandaigua
Middle school district
Canandaigua
High school district
Canandaigua
Directions
Property is located within walking distance to the main street in Canandaigua.
Subdivision
Canandaigua-City-320200
Standard status
Active
APN
320200-083-016-0002-043-000
Size
1,992 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
5168
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1862
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile, Varies
Building materials
Frame, PexPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Realmart Realty, LLC
(888) 362-6543
Listed By:
Jack Qizhan Yao · License #10491203908
(888) 362-6543
Added: Mar 6
Changed: Jul 31
Last Checked: Jul 31 at 10:06PM
MLS# R1665353
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 cash-flowing duplex is fully occupied and has been continuously rented for 15 years. The entire house was gutted and remodeled in 2010, including new energy-efficient gas furnaces with new duct work, PEX plumbing, and updated electrical wiring and breakers. Finishes include wood cabinetry with hard-surface countertops, stained woodwork, hardwood flooring in living areas, and tile flooring in bathrooms and the laundry room. Interior doors are solid wood with oak veneer, and there are hardwired smoke detectors and recessed lighting. Gas hot water tanks are new in 2020.
The property includes energy-efficient windows, steel doors, and hardi board siding, with an asphalt roof. The house roof was replaced in 2011 and the barn roof was replaced in 2020. Each apartment has two entry/exit points and its own laundry areas. Amenities and practical storage include a two-car garage with remote control doors, plus additional storage and a large paved driveway.
Additional details include public water service and natural gas heating. Appliances referenced for the units include two gas stoves, two refrigerators, two dishwashers, and two sets of washers and dryers.
The property includes energy-efficient windows, steel doors, and hardi board siding, with an asphalt roof. The house roof was replaced in 2011 and the barn roof was replaced in 2020. Each apartment has two entry/exit points and its own laundry areas. Amenities and practical storage include a two-car garage with remote control doors, plus additional storage and a large paved driveway.
Additional details include public water service and natural gas heating. Appliances referenced for the units include two gas stoves, two refrigerators, two dishwashers, and two sets of washers and dryers.
Key Highlights
- Fully occupied duplex continuously rented for 15 years
- Entire house gutted and remodeled in 2010; energy‑efficient gas furnaces and new duct work
- Gas hot water tanks new in 2020; house roof replaced in 2011; barn roof replaced in 2020
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 | $39.4k | $19.80 |
| − Vacancy | −$3.0k | −$1.50 |
| EGI | $36.4k | $18.30 |
| − OpEx | −$10.9k | −$5.49 |
| NOI | $25.5k | $12.81 |
1,992 SF · lease $19.80/SF/yr · vacancy 7.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
Explore this area
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
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 - Duplex on a paved driveway with separate laundry areas for each apartment and multiple entry/exit points.
Where is this duplex located?
The property is located at 196 Bristol Street 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: Fully occupied duplex continuously rented for 15 years; Entire house gutted and remodeled in 2010; energy‑efficient gas furnaces and new duct work; Gas hot water tanks new in 2020; house roof replaced in 2011; barn roof replaced in 2020
