Building Details

Year Built 1972

Buildings 2

Listing Agency: Crane Realty

Listed By: Michael Crane · License #10491211912 Show Phone

Source: Skinnercnyrealty

Added: Aug 1 Changed: Oct 7 Last Checked: Oct 7 at 4:34PM

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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 Crane Realty

Investment Insights

Based on property information with market context.

This four-unit residential property combines a single-family home with a separate three-apartment building on one parcel. The house offers 3 bedrooms and 1.5 baths, along with an upgraded kitchen, new carpeting, mostly new windows, and a newly finished lower-level roof. One apartment is currently vacant.

The apartment building contains two 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit with an en suite bathroom. Renovations include new roofing, insulation, septic, plumbing, electrical systems, hot water heaters, LED lighting, luxury vinyl plank flooring, remodeled kitchens with butcher block countertops, updated bathrooms, 9-foot ceilings, and hardwired smoke detectors. The rear 3-bedroom unit has laundry hookups and side-yard access. A separate laundry room provides storage and two hookups wired and plumbed for coin-operated machines.

The property includes three garage parking spaces and backs directly to a park. It is located in the Bloomfield Central School District, with access to Victor, shopping, dining, and major commuter routes.

Key Highlights

• Four units on one parcel: one single‑family home and three apartments
• Apartment mix includes two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
• House features 3 bedrooms, 1.5 baths, an upgraded kitchen, and mostly new windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,200

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$984,000 $984.0K

Cap Rate 7%

$702,857 $702.9K

Cap Rate 9%

$546,667 $546.7K

Market Conditions

NOI Build-Up for 4,310 SF

Gross rent

$97.2K $22.56/SF

− Vacancy

−$7.8K −$1.80/SF

EGI

$89.5K $20.76/SF

− OpEx

−$40.3K −$9.34/SF

NOI

$49.2K $11.42/SF

Area

Ontario County, NY

Vacancy

8.00%

Lease Rate

$22.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$984,000

Cap Rate 7%

$702,857

Cap Rate 9%

$546,667

Alternative Uses

Best Use

Multifamily LT 5

$788.5K

$690.0K – $920.0K (±1% cap)

NOI $55,197 @ 7.0% cap · market cap 9.60%

Second Best

Apartment 5plus

$702.9K

$615.0K – $820.0K (±1% cap)

NOI $49,200 @ 7.0% cap · market cap 8.56%

Theoretical Best

Office A

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,303 @ 7.0% cap · market cap 15.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Parts Store Plumbing Service Nail Salon Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Explore this area Business Placement

Demographics for 14469, NY

6,265

Population

2,904

Households

2.2

Avg Household Size

49

Median Age

28%

College-Educated

95%

High-School Grad

66.0 sq mi

ZIP Area

95

Density / Sq Mi

$70,914

Median Household Income

$45,294

Median Earnings

$874

Median Rent

$188,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Includes a separate house, three apartments, and three garage parking spaces.

Where is this quadplex located?

The property is located at 2891 State Route 444 Bloomfield, NY.

What is the asking price?

The asking price for this property is $574,900.

What are key features of this property?

This property features: Four units on one parcel: one single‑family home and three apartments; Apartment mix includes two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit; House features 3 bedrooms, 1.5 baths, an upgraded kitchen, and mostly new windows