Two-Unit Duplex with
New
For Sale
$199,900
217 East Avenue, East Rochester, NY 14445
MULTI_FAMILY - Other - East Rochester, NY
Property Size1,836 SF
Price / SF$108.88
Days on Market6
Property Features for 217 East Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Patio and Porch features
Porch, Patio
Interior features
NaturalWoodwork
Exterior features
EnclosedPorch, Fence, Porch, Patio
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
East Rochester
Middle school district
East Rochester
High school district
East Rochester
Subdivision
East Rochester-Village-265801
Standard status
Active
APN
265801-152-220-0003-042-000
Size
1,836 SF
Taxes and HOA fees
Tax Annual Amount
7318
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
front porch
3 season sunroom
enclosed 3 season room
walk-up attic
large shed
fireplace
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Hardwood
Building materials
AluminumSiding, VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Realty Group · RE/MAX International
(585) 248-0250
Listed By:
Elizabeth McKane Richmond · License #30RI1017765
(585) 389-1080
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 19 at 9:06PM
MLS# R1693865
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 1,836-square-foot duplex contains two two-bedroom apartments, each arranged with a living room, formal dining room, kitchen, bathroom, and enclosed three-season room. The first-floor residence includes built-in bookcases, a decorative brick fireplace, glass French doors, and updated kitchen and bath finishes. Hardwood and tile flooring, natural woodwork, newer vinyl windows, forced-air heat, and a full walk-up attic add functional and historic character. A newer large shed provides additional exterior storage, while the fenced property includes a cement driveway, porch, and patio.
Located at 217 East Avenue in East Rochester, the property is near schools, parks, shopping, restaurants, coffee shops, and other village amenities. Public water service, natural gas, copper plumbing, aluminum and vinyl siding, and an asphalt roof are in place. The property was built in 1920 and offers a two-unit configuration suitable for owner occupancy or an investor-held rental property.
Located at 217 East Avenue in East Rochester, the property is near schools, parks, shopping, restaurants, coffee shops, and other village amenities. Public water service, natural gas, copper plumbing, aluminum and vinyl siding, and an asphalt roof are in place. The property was built in 1920 and offers a two-unit configuration suitable for owner occupancy or an investor-held rental property.
Key Highlights
- Two two‑bedroom units within a 1,836‑square‑foot duplex
- First‑floor unit includes built‑in bookcases, decorative brick fireplace, and enclosed three‑season room
- Both units feature living rooms, formal dining rooms, kitchens, bathrooms, and enclosed three‑season rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$342,300
$342.3K
Cap Rate 7%
$244,500
$244.5K
Cap Rate 9%
$190,167
$190.2K
Market Conditions
NOI Build-Up for 1,836 SF
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.
Gross rent
$25.3K $13.80/SF
− Vacancy
−$887 −$0.48/SF
EGI
$24.5K $13.32/SF
− OpEx
−$7.3K −$4.00/SF
NOI
$17.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$342,300
Cap Rate 7%
$244,500
Cap Rate 9%
$190,167
Alternative Uses
Best Use
Multifamily LT 5
$244.5K
$213.9K – $285.3K
NOI $17,115 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$220.8K
$193.2K – $257.7K
NOI $15,459 @ 7.0% cap · market cap 7.73%
Theoretical Best
Specialty Retail
$352.5K
$308.4K – $411.2K
NOI $24,672 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 14445, NY
7,781
Population
3,661
Households
2.1
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
3,891
Density / Sq Mi
$72,250
Median Household Income
$41,887
Median Earnings
$1,130
Median Rent
$151,200
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 - Updated two-bedroom units combine classic details, enclosed sunrooms, and practical storage in a village setting.
Where is this duplex located?
The property is located at 217 East Avenue East Rochester, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two two‑bedroom units within a 1,836‑square‑foot duplex; First‑floor unit includes built‑in bookcases, decorative brick fireplace, and enclosed three‑season room; Both units feature living rooms, formal dining rooms, kitchens, bathrooms, and enclosed three‑season rooms
