Three-Unit Residential
196 Culver Rd, Rochester, NY 14607
For Sale
$475,000
The apartments offer three distinct bedroom and bathroom layouts.
Property Size3,363 SF
Days on Market11
Property Features for 196 Culver Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Howard Hanna
Listed By:
Abramo Brom Bianchi
(585) 368-7144
Source:
Elliman
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 8 at 5:56AM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This residential triplex contains three separate apartments: one with three bedrooms and two bathrooms, one with two bedrooms and two bathrooms, and one with one bedroom and one bathroom. The building dates to 1905.
The property is in Rochester’s Park Avenue area. Its walkScore is 72, rated Very Walkable, and its bikeScore is 74, rated Very Bikeable. The transitScore is 33, categorized as Some Transit.
The property is in Rochester’s Park Avenue area. Its walkScore is 72, rated Very Walkable, and its bikeScore is 74, rated Very Bikeable. The transitScore is 33, categorized as Some Transit.
Key Highlights
- Three apartments with 3‑bedroom/2‑bathroom, 2‑bedroom/2‑bathroom, and 1‑bedroom/1‑bathroom layouts
- Built in 1905
- walkScore: 72, Very Walkable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,704
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,080
$774.1K
Cap Rate 7%
$552,914
$552.9K
Cap Rate 9%
$430,044
$430.0K
Market Conditions
NOI Build-Up for 3,363 SF
Gross rent
$58.5K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$55.3K $16.44/SF
− OpEx
−$16.6K −$4.93/SF
NOI
$38.7K $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 Rate 5%
$774,080
Cap Rate 7%
$552,914
Cap Rate 9%
$430,044
Alternative Uses
Best Use
Multifamily LT 5
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$492.8K
$431.2K – $575.0K
NOI $34,499 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$921.3K
$806.1K – $1.07M
NOI $64,489 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
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Business Placement
Demographics for 14607, NY
16,298
Population
11,971
Households
1.4
Avg Household Size
32
Median Age
60%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
9,587
Density / Sq Mi
$56,270
Median Household Income
$44,018
Median Earnings
$1,129
Median Rent
$304,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Rochester, NY
Properties on Market for Triplexes in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The apartments offer three distinct bedroom and bathroom layouts.
Where is this triplex located?
The property is located at 196 Culver Rd Rochester, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three apartments with 3‑bedroom/2‑bathroom, 2‑bedroom/2‑bathroom, and 1‑bedroom/1‑bathroom layouts; Built in 1905; walkScore: 72, Very Walkable
