Duplex with Detached
2587 Spencerport Rd, Ogden, NY 14559
For Sale
$350,000
Both residences are tenant occupied, and the property includes an oversized detached garage.
Property Size2,080 SF
Lot Size0.62 Acres
Days on Market47
Property Features for 2587 Spencerport Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Road Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Howard Hanna
Listed By:
Hollis A. Creek · License NY 30CR0701689
(585) 400-4000
Source:
Elliman
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 8 at 7:24AM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This duplex contains two tenant-occupied residences, with improvements to plumbing, electrical systems, bathrooms, and flooring in both units. The property also includes an oversized detached garage and sits on a 0.62-acre lot. Built in 1962, it is set back from Spencerport Road.
The property is in Ogden, with access to schools, the village, the Erie Canal, restaurants, parks, and walking trails. Its Walk Score is 2 and Bike Score is 28.
The property is in Ogden, with access to schools, the village, the Erie Canal, restaurants, parks, and walking trails. Its Walk Score is 2 and Bike Score is 28.
Key Highlights
- Two tenant‑occupied units
- 0.62‑acre lot set back from Spencerport Road
- Oversized detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,390
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,800
$387.8K
Cap Rate 7%
$277,000
$277.0K
Cap Rate 9%
$215,444
$215.4K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$28.7K $13.80/SF
− Vacancy
−$1.0K −$0.48/SF
EGI
$27.7K $13.32/SF
− OpEx
−$8.3K −$4.00/SF
NOI
$19.4K $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 Rate 5%
$387,800
Cap Rate 7%
$277,000
Cap Rate 9%
$215,444
Alternative Uses
Best Use
Multifamily LT 5
$277.0K
$242.4K – $323.2K
NOI $19,390 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$250.2K
$218.9K – $291.9K
NOI $17,513 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$399.3K
$349.4K – $465.9K
NOI $27,951 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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Business Placement
Demographics for 14559, NY
17,964
Population
7,412
Households
2.4
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
43.7 sq mi
ZIP Area
411
Density / Sq Mi
$91,021
Median Household Income
$50,216
Median Earnings
$1,150
Median Rent
$218,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monroe County, NY
Properties on Market for Duplexes in Monroe County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant occupied, and the property includes an oversized detached garage.
Where is this duplex located?
The property is located at 2587 Spencerport Rd Ogden, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two tenant‑occupied units; 0.62‑acre lot set back from Spencerport Road; Oversized detached garage
