Renovated Duplex with Income
20 East St, Honeoye Falls, NY 14472
For Sale
Contact for pricing
Fully renovated duplex with two units and off-street parking.
Property Size1,500 SF
Price / SF$233.33
Days on Market236
Property Features for 20 East St
General Information
Standard status
Size
Property subtype
Occupancy
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company - Fairport, New York
Listed By:
Christopher Giunta · License NY 40GI0903198
(585) 503-8553
Source:
Crexi
Added: Mar 20
Changed: Oct 25
Last Checked: Nov 10 at 5:59AM
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 Cushman & Wakefield Pyramid Brokerage Company - Fairport, New York
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Investment Insights
Based on property information with market context.
This is a fully renovated duplex, originally constructed in 1950 and extensively upgraded beginning in 2022 with approximately $300,000 in capital improvements. The property, with approximately 1,500 square feet, features two units: a 1-bedroom unit on the first floor and a 2-bedroom unit on the second floor. Each unit includes one dedicated off-street parking space. Landlord responsibilities are limited to water and a single electric service for common areas and shared lighting. Renovations include updates to insulation, electrical systems and panels, windows, gutters, doors, plumbing, HVAC, interior finishes, and exterior decks. The roof was replaced approximately five years ago, and the northwest foundation corner has undergone structural reinforcement. The asset delivers stable, in-place residential income with minimal deferred maintenance and a clean operational profile.
Key Highlights
- Fully renovated with approximately $300,000 in capital improvements starting in 2022.
- Two units: a 1‑bedroom and a 2‑bedroom, providing immediate rental income.
- Each unit includes one dedicated off‑street parking space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,983
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,660
$279.7K
Cap Rate 7%
$199,757
$199.8K
Cap Rate 9%
$155,367
$155.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$725 −$0.48/SF
EGI
$20.0K $13.32/SF
− OpEx
−$6.0K −$4.00/SF
NOI
$14.0K $9.32/SF
Area
Monroe County, NY
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,660
Cap Rate 7%
$199,757
Cap Rate 9%
$155,367
Alternative Uses
Best Use
Multifamily LT 5
$199.8K
$174.8K – $233.1K
NOI $13,983 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,630 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$288.0K
$252.0K – $336.0K
NOI $20,157 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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Business Placement
Demographics for 14472, NY
8,566
Population
3,524
Households
2.4
Avg Household Size
46
Median Age
62%
College-Educated
98%
High-School Grad
44.1 sq mi
ZIP Area
194
Density / Sq Mi
$128,456
Median Household Income
$65,241
Median Earnings
$1,055
Median Rent
$330,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monroe County, NY
Properties on Market for Duplexes in Monroe County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with two units and off-street parking.
Where is this duplex located?
The property is located at 20 East St Honeoye Falls, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully renovated with approximately $300,000 in capital improvements starting in 2022.; Two units: a 1‑bedroom and a 2‑bedroom, providing immediate rental income.; Each unit includes one dedicated off‑street parking space.
