Two-Unit Duplex with Separate
New
For Sale
$425,000
29 South St, Geneseo, NY 14454
Set on nearly an acre in the Village of Geneseo, the property includes a three-car garage.
Property Size3,080 SF
Days on Market7
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Property Features for 29 South St
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,875
Building Details
Building Size
3,080 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Greater Rochester
Listed By:
Dayna Orione-Kim · License #10401352226
(585) 341-8660
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 15 at 2:02AM
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 Keller Williams Realty Greater Rochester
Investment Insights
Based on property information with market context.
This duplex contains two separate living spaces, each reached from the covered front porch. The larger residence has a foyer, living room with hardwood flooring and fireplace, eat-in kitchen, first-floor bedroom, full bath and laundry. Its upper level includes additional rooms, two more fireplaces, built-ins, a second full bath and a room that could function as a kitchen. The second residence features a living area, eat-in kitchen and first-floor bedroom or office, with two more rooms and a full bath upstairs.
The property occupies nearly an acre in the Village of Geneseo. A garage provides parking and storage, and one bay is presently used for storage rather than vehicle space.
The property occupies nearly an acre in the Village of Geneseo. A garage provides parking and storage, and one bay is presently used for storage rather than vehicle space.
Key Highlights
- Two distinct residential spaces with separate access from the covered front porch
- Nearly an acre in the Village of Geneseo
- Larger residence includes three fireplaces and two full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,447
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,940
$708.9K
Cap Rate 7%
$506,386
$506.4K
Cap Rate 9%
$393,856
$393.9K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$53.6K $17.40/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$50.6K $16.44/SF
− OpEx
−$15.2K −$4.93/SF
NOI
$35.4K $11.51/SF
Area
Livingston County, 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%
$708,940
Cap Rate 7%
$506,386
Cap Rate 9%
$393,856
Alternative Uses
Best Use
Multifamily LT 5
$506.4K
$443.1K – $590.8K
NOI $35,447 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$451.4K
$395.0K – $526.6K
NOI $31,596 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$843.7K
$738.3K – $984.4K
NOI $59,062 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 14454, NY
10,759
Population
3,937
Households
2.7
Avg Household Size
28
Median Age
50%
College-Educated
95%
High-School Grad
47.6 sq mi
ZIP Area
226
Density / Sq Mi
$66,629
Median Household Income
$12,055
Median Earnings
$1,000
Median Rent
$217,900
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 - Set on nearly an acre in the Village of Geneseo, the property includes a three-car garage.
Where is this duplex located?
The property is located at 29 South St Geneseo, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two distinct residential spaces with separate access from the covered front porch; Nearly an acre in the Village of Geneseo; Larger residence includes three fireplaces and two full baths
