Character-Filled Duplex with
New
For Sale
$340,000
2568 Dewey Avenue, Rochester, NY 14616
Residential, Rochester, NY
Property Size2,617 SF
Lot Size0.45 Acres
Price / SF$129.92
Days on Market5
Property Features for 2568 Dewey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1, Basement, Bathroom 4
Parking features
Open
Patio and Porch features
Patio
Interior features
Attic
Exterior features
FullyFenced, Patio
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Subdivision
Town Lt
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Rochester
Middle school district
Rochester
High school district
Rochester
Standard status
Active
APN
261400-075-410-0002-034-000-0000
Size
2,617 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
4761
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fully fenced yard
privacy fence
crown molding
arched openings
leaded glass
sun room
home office
formal dining
open kitchen
first floor primary bedroom
hardwood floors
tile floors
stainless steel appliances
finished basement
full bath in basement
newer windows
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood, Carpet, Laminate, Varies
Building materials
VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Realty Group · RE/MAX International
(585) 248-0250
Listed By:
Derek Pino · License #10401312251
(585) 368-8306
Added: Sep 18
Last Checked: Sep 22 at 12:06AM
MLS# R1713660
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 2,617-square-foot duplex-style property, built in 1920, combines historic character with updated residential features. The interior includes five bedrooms, four bathrooms, a first-floor primary bedroom, living room, sunroom, office, formal dining room, and open kitchen. Hardwood and tile flooring, crown molding, arched openings, leaded glass, stainless steel appliances, and a finished basement with a full bathroom add to the layout. Forced-air natural gas heat and central air are installed.
The 0.4502-acre property is located at 2568 Dewey Avenue in Rochester, NY 14616. Exterior features include a fully fenced yard with a privacy fence, patio, vinyl siding, and a 2.5-car garage. Public water serves the property, and the roof is finished with asphalt shingles.
The 0.4502-acre property is located at 2568 Dewey Avenue in Rochester, NY 14616. Exterior features include a fully fenced yard with a privacy fence, patio, vinyl siding, and a 2.5-car garage. Public water serves the property, and the roof is finished with asphalt shingles.
Key Highlights
- 2,617 square feet on a 0.4502‑acre lot
- Five bedrooms and four bathrooms
- First‑floor primary bedroom with flexible upper‑level layout
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
$30,119
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
8.86%
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%
$602,380
$602.4K
Cap Rate 7%
$430,271
$430.3K
Cap Rate 9%
$334,656
$334.7K
Market Conditions
NOI Build-Up for 2,617 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
$45.5K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$43.0K $16.44/SF
− OpEx
−$12.9K −$4.93/SF
NOI
$30.1K $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 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%
$602,380
Cap Rate 7%
$430,271
Cap Rate 9%
$334,656
Alternative Uses
Best Use
Multifamily LT 5
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$383.5K
$335.6K – $447.4K
NOI $26,846 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$716.9K
$627.3K – $836.4K
NOI $50,184 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 14616, NY
27,946
Population
12,281
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
4,737
Density / Sq Mi
$62,564
Median Household Income
$41,646
Median Earnings
$1,087
Median Rent
$136,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Flexible two-level residence with a fenced yard, finished basement, and adaptable living areas.
Where is this duplex located?
The property is located at 2568 Dewey Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,617 square feet on a 0.4502‑acre lot; Five bedrooms and four bathrooms; First‑floor primary bedroom with flexible upper‑level layout
