Well-Maintained Duplex with
New
For Sale
$159,900
226 Stutson St, Rochester, NY 14612
Two separate units feature individual entrances, electrical services, and laundry areas, with off-street parking and a one-car garage.
Property Size1,361 SF
Days on Market4
Property Features for 226 Stutson St
General Information
Standard status
Active
Size
1,361 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,366
Amenities
front porch
laundry
Building Details
Building Size
1,361 SF
Year Built
1910
Units
2
Listing Agency:
(585) 352-7866
Listed By:
Daniel A. Covert
(585) 352-7866
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 7:42AM
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 Daniel A. Covert
Investment Insights
Based on property information with market context.
This two-unit duplex includes a 2-bedroom lower residence and a 1-bedroom upper residence, each with its own entrance, electrical service, and laundry area. The property also offers a large front porch, vinyl siding, thermopane windows, an architectural roof, and a newer 95% forced-air furnace. A dry basement provides separate access and storage areas for the tenant and owner. The building has 200-amp electrical service, configured as 100 amps per side, along with a one-car garage equipped with an opener and off-street parking. A new C of O will be supplied to the buyer at closing.
Located at 226 Stutson St in Rochester, the property has a Walk Score of 8, a BikeScore of 28, and a Transit Score of 30. The home was built in 1910 and includes a yard and front porch for additional outdoor space.
Located at 226 Stutson St in Rochester, the property has a Walk Score of 8, a BikeScore of 28, and a Transit Score of 30. The home was built in 1910 and includes a yard and front porch for additional outdoor space.
Key Highlights
- 2‑bedroom lower unit and 1‑bedroom upper unit
- Separate entrances, electrical services, and laundry areas for both units
- 200‑amp service with 100 amps allocated to each side
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
$13,962
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
8.73%
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%
$279,240
$279.2K
Cap Rate 7%
$199,457
$199.5K
Cap Rate 9%
$155,133
$155.1K
Market Conditions
NOI Build-Up for 1,361 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
$26.9K $19.80/SF
− Vacancy
−$1.6K −$1.15/SF
EGI
$25.4K $18.65/SF
− OpEx
−$11.4K −$8.39/SF
NOI
$14.0K $10.26/SF
Area
Rochester, NY
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$279,240
Cap Rate 7%
$199,457
Cap Rate 9%
$155,133
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.8K – $261.1K
NOI $15,664 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$199.5K
$174.5K – $232.7K
NOI $13,962 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$372.8K
$326.2K – $435.0K
NOI $26,099 @ 7.0% cap · market cap 16.32%
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
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 14612, NY
34,844
Population
16,063
Households
2.2
Avg Household Size
47
Median Age
36%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
2,026
Density / Sq Mi
$81,598
Median Household Income
$46,250
Median Earnings
$1,069
Median Rent
$187,500
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 - Two separate units feature individual entrances, electrical services, and laundry areas, with off-street parking and a one-car garage.
Where is this duplex located?
The property is located at 226 Stutson St Rochester, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2‑bedroom lower unit and 1‑bedroom upper unit; Separate entrances, electrical services, and laundry areas for both units; 200‑amp service with 100 amps allocated to each side
