Duplex with Finished
For Sale
$399,000
2568 Dewey Avenue, Rochester, NY 14616
Residential, Rochester, NY
Property Size2,617 SF
Lot Size0.45 Acres
Price / SF$152.46
Days on Market14
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 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Basement, Bedroom 5, Bathroom 1, Bedroom 1
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
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Flooring type
Varies, Laminate, Hardwood, Tile, Carpet
Building materials
VinylSiding
Roof type
Asphalt, Shingle
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
Changed: Oct 1
Last Checked: Oct 1 at 11:06PM
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, built in 1920, has a two-family configuration that can also function as a single-family home or accommodate an in-law arrangement. Interior features include hardwood, tile, laminate and carpet flooring, a first-floor bedroom, a sunroom, a home office, and a finished basement with a full bathroom. Central air conditioning and forced-air, natural gas heat serve the home. Appliances are included, and the property also has a security system with eight cameras and a generator hookup in the garage.
The 0.4502-acre parcel includes a fully fenced yard with a privacy fence, a patio, and a 2.5-car garage. The property is in Rochester, New York.
The 0.4502-acre parcel includes a fully fenced yard with a privacy fence, a patio, and a 2.5-car garage. The property is in Rochester, New York.
Key Highlights
- Two‑family property with potential for single‑family or in‑law use
- 2,617 square feet on a 0.4502‑acre lot
- Finished basement with a full bathroom
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
7.55%
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 7.55%
Second Best
Apartment 5plus
$383.5K
$335.6K – $447.4K
NOI $26,846 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$716.9K
$627.3K – $836.4K
NOI $50,184 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
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
View Realmo Analytics
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-family layout offers flexibility for separate households or use as a single residence.
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 $399,000.
What are key features of this property?
This property features: Two‑family property with potential for single‑family or in‑law use; 2,617 square feet on a 0.4502‑acre lot; Finished basement with a full bathroom
