Remodeled Two-Family
28 Rundel Park, Rochester, NY 14607
For Sale
$289,900
Pending
Updated duplex with two-bedroom units and a vacant second-floor residence.
Property Size2,216 SF
Days on Market127
Property Features for 28 Rundel Park
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Howard Hanna
Listed By:
Richard W. Sarkis · License NY 30SA0517501
(585) 756-7281
Source:
Griffith-realty
Added: Jul 6
Changed: Nov 6
Last Checked: Nov 8 at 12:13PM
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 two-family property, built in 1900, has undergone substantial remodeling since 2021. Both residences offer two bedrooms, hardwood flooring, high ceilings, and strong natural light. The second-floor unit is vacant, providing immediate flexibility for an owner occupant or incoming tenant.
The property is located on Rundel Park in Rochester’s Neighborhood of the Arts, within the East Avenue and Park Avenue corridor. Nearby destinations identified for the property include the George Eastman House, Rochester Museum & Science Center, Strasenburgh Planetarium, and Strathallan Hotel.
The configuration combines two residential units with updated interiors and a ready-to-use upper residence, supporting either continued rental operation or an owner-occupancy approach.
The property is located on Rundel Park in Rochester’s Neighborhood of the Arts, within the East Avenue and Park Avenue corridor. Nearby destinations identified for the property include the George Eastman House, Rochester Museum & Science Center, Strasenburgh Planetarium, and Strathallan Hotel.
The configuration combines two residential units with updated interiors and a ready-to-use upper residence, supporting either continued rental operation or an owner-occupancy approach.
Key Highlights
- Two‑family property built in 1900
- Both units include two bedrooms
- Remodeled since 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,504
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,080
$510.1K
Cap Rate 7%
$364,343
$364.3K
Cap Rate 9%
$283,378
$283.4K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$38.6K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$36.4K $16.44/SF
− OpEx
−$10.9K −$4.93/SF
NOI
$25.5K $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%
$510,080
Cap Rate 7%
$364,343
Cap Rate 9%
$283,378
Alternative Uses
Best Use
Multifamily LT 5
$364.3K
$318.8K – $425.1K
NOI $25,504 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,733 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$607.1K
$531.2K – $708.2K
NOI $42,494 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,289
Businesses Nearby
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Business Placement
Demographics for 14607, NY
16,298
Population
11,971
Households
1.4
Avg Household Size
32
Median Age
60%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
9,587
Density / Sq Mi
$56,270
Median Household Income
$44,018
Median Earnings
$1,129
Median Rent
$304,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rochester, NY
Properties on Market for Duplexes in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with two-bedroom units and a vacant second-floor residence.
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 $289,900.
What are key features of this property?
This property features: Two‑family property built in 1900; Both units include two bedrooms; Remodeled since 2021
