Two-Family Residential Income
28 RUNDEL PARK Rochester, NY 14607
28 RUNDEL PARK, Rochester, NY, 14607
$299,900
Pending
For Sale
$299,900
Pending
Two-family property is fully rented and includes more than $50,000 in renovations completed since 2021.
Property Size2,216 SF
Days on Market95
Property Features for 28 RUNDEL PARK
General Information
- Standard status
- Pending
- Size
- 2,216 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
(585) 756-7300
Listed by
Howard Hanna
Source
Xome
Added: Apr 20 Updated: Jul 22 at 1:06PM Checked: Jul 23 at 4:25AM
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
Investment Insights
Based on property information with market context.
This two-family residential income property is fully rented and has undergone more than $50,000 in renovations since 2021. The updates have been completed while preserving the historic character of the home and bringing the living spaces toward modern standards.
Located in the East Ave/Park Ave area on historic Rundell Street, the setting includes a park-like median and green space. The property is also positioned near the George Eastman House, Rochester Museum & Science Center, Strasenburgh Planetarium, and the Strathallan Hotel, within the Neighborhood of the Arts.
Showings begin Wednesday, April 22, 2026 at 10:00 AM, and all offers are due Tuesday, April 28, 2026 at 12:00 PM.
Located in the East Ave/Park Ave area on historic Rundell Street, the setting includes a park-like median and green space. The property is also positioned near the George Eastman House, Rochester Museum & Science Center, Strasenburgh Planetarium, and the Strathallan Hotel, within the Neighborhood of the Arts.
Showings begin Wednesday, April 22, 2026 at 10:00 AM, and all offers are due Tuesday, April 28, 2026 at 12:00 PM.
Key Highlights
- Two‑family property is fully rented.
- More than $50,000 in renovations completed since 2021.
- 1900 construction with hardwood and laminate flooring.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $17.40 |
| − Vacancy | −$2.1k | −$0.96 |
| EGI | $36.4k | $16.44 |
| − OpEx | −$10.9k | −$4.93 |
| NOI | $25.5k | $11.51 |
2,216 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.3K
$318.8K – $425.1K
NOI $25,504 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,733 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$607.1K
$531.2K – $708.2K
NOI $42,494 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property is fully rented and includes more than $50,000 in renovations completed since 2021.
Where is this duplex located?
The property is located at 28 RUNDEL PARK Rochester, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑family property is fully rented.; More than $50,000 in renovations completed since 2021.; 1900 construction with hardwood and laminate flooring.
