Ranch Duplex with Private Lower
247 W Ivy Street East, Rochester, NY 14445
For Sale
$317,500
Two separate living spaces make this ranch duplex a practical fit for owner-occupants and rental or in-law setups.
Property Size1,336 SF
Lot Size0.24 Acres
Price / SF$237.65
Days on Market221
Property Features for 247 W Ivy Street East
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Fenced Yard
Multifamily Units
Amenities
Fireplace
Gas
Forced Air
Gas Water Heater
Sewer Connected, Water Connected
Building Details
Year Built
Stories
Listing Agency:
Keller Williams Realty Greater Rochester
Listed By:
Bob Ruhland · License NY 30RU0943048
(585) 303-6607
Source:
Kw
Added: Apr 3
Changed: Nov 8
Last Checked: Nov 8 at 8:43AM
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 Keller Williams Realty Greater Rochester
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Investment Insights
Based on property information with market context.
This ranch-style duplex provides two separate living spaces with distinct accommodations. The upstairs unit includes three bedrooms, a full bathroom, and an open kitchen, with updated hardwood floors and luxury vinyl plank flooring. The downstairs unit has its own private entrance and offers a one-bedroom, one-bathroom layout with a full kitchen, well suited for an in-law suite, guest space, or rental use.
The property includes a one-car garage and a fully fenced backyard on 0.24 acres, offering outdoor space for everyday living. Walk and bike scores are reported as very walkable (73) and bikeable (67), supporting convenient everyday access.
For buyers seeking flexibility, this configuration supports either an owner-occupant approach or two-unit use under one roof. Additionally, the attachments note a tax rebate incentive related to converting the property back to a single-family home, which may be relevant for buyers planning a future change in setup.
The property includes a one-car garage and a fully fenced backyard on 0.24 acres, offering outdoor space for everyday living. Walk and bike scores are reported as very walkable (73) and bikeable (67), supporting convenient everyday access.
For buyers seeking flexibility, this configuration supports either an owner-occupant approach or two-unit use under one roof. Additionally, the attachments note a tax rebate incentive related to converting the property back to a single-family home, which may be relevant for buyers planning a future change in setup.
Key Highlights
- Ranch‑style duplex built in 1950 with 1,336 SF and two separate living spaces
- Upstairs unit offers 3 bedrooms, an open kitchen, and updated hardwood floors and luxury vinyl plank
- Downstairs unit has a private entrance with 1 bedroom, 1 bathroom, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,376
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,520
$307.5K
Cap Rate 7%
$219,657
$219.7K
Cap Rate 9%
$170,844
$170.8K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$23.2K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$22.0K $16.44/SF
− OpEx
−$6.6K −$4.93/SF
NOI
$15.4K $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%
$307,520
Cap Rate 7%
$219,657
Cap Rate 9%
$170,844
Alternative Uses
Best Use
Multifamily LT 5
$219.7K
$192.2K – $256.3K
NOI $15,376 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$195.8K
$171.3K – $228.4K
NOI $13,705 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$366.0K
$320.2K – $427.0K
NOI $25,619 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
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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
$151,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rochester, NY
Properties on Market for Duplexes in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces make this ranch duplex a practical fit for owner-occupants and rental or in-law setups.
Where is this duplex located?
The property is located at 247 W Ivy Street East Rochester, NY.
What is the asking price?
The asking price for this property is $317,500.
What are key features of this property?
This property features: Ranch‑style duplex built in 1950 with 1,336 SF and two separate living spaces; Upstairs unit offers 3 bedrooms, an open kitchen, and updated hardwood floors and luxury vinyl plank; Downstairs unit has a private entrance with 1 bedroom, 1 bathroom, and a full kitchen
