Two-Unit Duplex with
For Sale
$325,000
Pending
27 Cypress Street, Rochester, NY 14620
Vacant duplex with updated interiors, separate utilities, and flexible space across both apartments.
Property Size1,624 SF
Days on Market49
Property Features for 27 Cypress Street
General Information
Standard status
Pending
Size
1,624 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,871
Amenities
deck
Building Details
Building Size
1,624 SF
Year Built
1920
Buildings
1
Listing Agency:
Hunt Real Estate ERA/Columbus
Listed By:
Jodine R. Utter · License #10401208886
(585) 469-4265
Source:
Highfallssir
Added: Aug 18
Changed: Sep 28
Last Checked: Oct 4 at 4:02PM
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 Hunt Real Estate ERA/Columbus
Investment Insights
Based on property information with market context.
Built in 1920, this two-unit duplex includes two apartments, each with 2 bedrooms and 1 full bath. Hardwood floors run throughout, while both units offer modern kitchens with appliances and updated bathrooms. The lower apartment adds a bonus room, and the upper apartment includes a deck for additional living space.
The property has separate utilities, vinyl siding, and a 2.5-car detached garage. Both apartments are currently vacant, allowing immediate flexibility for an owner occupant or investor. Located at 27 Cypress St in Rochester’s South Wedge neighborhood, the property is near restaurants, shops, and parks. The location also carries a bikeScore of 93 and a transitScore of 41.
The property has separate utilities, vinyl siding, and a 2.5-car detached garage. Both apartments are currently vacant, allowing immediate flexibility for an owner occupant or investor. Located at 27 Cypress St in Rochester’s South Wedge neighborhood, the property is near restaurants, shops, and parks. The location also carries a bikeScore of 93 and a transitScore of 41.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bath
- Hardwood floors throughout both units
- Modern, fully applianced kitchens and updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,690
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,800
$373.8K
Cap Rate 7%
$267,000
$267.0K
Cap Rate 9%
$207,667
$207.7K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$28.3K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$26.7K $16.44/SF
− OpEx
−$8.0K −$4.93/SF
NOI
$18.7K $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%
$373,800
Cap Rate 7%
$267,000
Cap Rate 9%
$207,667
Alternative Uses
Best Use
Multifamily LT 5
$267.0K
$233.6K – $311.5K
NOI $18,690 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$238.0K
$208.3K – $277.7K
NOI $16,660 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$444.9K
$389.3K – $519.0K
NOI $31,142 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 14620, NY
24,185
Population
13,060
Households
1.9
Avg Household Size
35
Median Age
56%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
5,497
Density / Sq Mi
$59,525
Median Household Income
$40,467
Median Earnings
$1,193
Median Rent
$197,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with updated interiors, separate utilities, and flexible space across both apartments.
Where is this duplex located?
The property is located at 27 Cypress Street Rochester, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bath; Hardwood floors throughout both units; Modern, fully applianced kitchens and updated bathrooms
