Two-Unit Duplex with Separate
For Sale
Contact for pricing
264 Parkway, Rochester, NY 14608
The building contains one three-bedroom residence and one two-bedroom residence, each served by separate utilities.
Property Size2,645 SF
Days on Market9
Property Features for 264 Parkway
General Information
Standard status
Active
Size
2,645 SF
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
requires extensive rehabilitation
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,201
Building Details
Building Size
2,645 SF
Year Built
1920
Listing Agency:
Howard Hanna
Listed By:
Rachel Van Pelt · License #10401369932
(585) 734-9948
Source:
Griffith-realty
Added: Oct 13
Changed: Oct 20
Last Checked: Oct 21 at 3:48AM
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 dates to 1920 and contains two residences: one with three bedrooms and the other with two. Each unit has separate utilities. Fire and water damage, including a roof opening, has left the property in need of extensive rehabilitation. The sale is AS-IS.
Key Highlights
- Two residential units: one 3‑bedroom and one 2‑bedroom
- Separate utilities for each unit
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,133
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,660
$542.7K
Cap Rate 7%
$387,614
$387.6K
Cap Rate 9%
$301,478
$301.5K
Market Conditions
NOI Build-Up for 2,645 SF
Gross rent
$52.4K $19.80/SF
− Vacancy
−$3.0K −$1.15/SF
EGI
$49.3K $18.65/SF
− OpEx
−$22.2K −$8.39/SF
NOI
$27.1K $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 Rate 5%
$542,660
Cap Rate 7%
$387,614
Cap Rate 9%
$301,478
Alternative Uses
Best Use
Multifamily LT 5
$434.9K
$380.5K – $507.4K
NOI $30,441 @ 7.0% cap · market cap 122.25%
Second Best
Apartment 5plus
$387.6K
$339.2K – $452.2K
NOI $27,133 @ 7.0% cap · market cap 108.97%
Theoretical Best
Office A
$724.6K
$634.0K – $845.4K
NOI $50,721 @ 7.0% cap · market cap 203.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
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Business Placement
Demographics for 14608, NY
13,177
Population
6,935
Households
1.9
Avg Household Size
33
Median Age
24%
College-Educated
83%
High-School Grad
1.8 sq mi
ZIP Area
7,321
Density / Sq Mi
$39,537
Median Household Income
$36,065
Median Earnings
$898
Median Rent
$180,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The building contains one three-bedroom residence and one two-bedroom residence, each served by separate utilities.
Where is this duplex located?
The property is located at 264 Parkway Rochester, NY.
What are key features of this property?
This property features: Two residential units: one 3‑bedroom and one 2‑bedroom; Separate utilities for each unit; Built in 1920
