Two-Unit Duplex with
32 Hickory St, Rochester, NY 14620
For Sale
$415,000
Separate utility meters and a full basement with laundry support the property’s two-apartment configuration.
Property Size2,401 SF
Price / SF$172.84
Days on Market17
Property Features for 32 Hickory St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
front porch
rear porch
full basement with laundry
Building Details
Building Size
Year Built
Units
Listing Agency:
RE/MAX Realty Group
Listed By:
Patrick S. Massie · License NY #10401272120
(585) 586-6622
Source:
Elliman
Added: Oct 24
Changed: Nov 4
Last Checked: Nov 8 at 7:24AM
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 RE/MAX Realty Group
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Investment Insights
Based on property information with market context.
This 2,401-square-foot duplex contains two apartments with a combined six bedrooms and three full bathrooms. Each unit has its own utility meter, and the kitchens and bathrooms have been updated. A full basement includes laundry, while front and rear porches and a backyard provide additional outdoor areas. The building dates to 1890.
The property is at 32 Hickory St in Rochester’s South Wedge neighborhood. Restaurants, shops, Highland Park, downtown Rochester, the University of Rochester, and Strong Memorial Hospital are nearby. Bike Score is 66, Walk Score is 64, and Transit Score is 40.
The property is at 32 Hickory St in Rochester’s South Wedge neighborhood. Restaurants, shops, Highland Park, downtown Rochester, the University of Rochester, and Strong Memorial Hospital are nearby. Bike Score is 66, Walk Score is 64, and Transit Score is 40.
Key Highlights
- Two apartments totaling 6 bedrooms and 3 full bathrooms
- 2,401 square feet in an 1890‑built duplex
- Separate utility meters for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,633
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,660
$552.7K
Cap Rate 7%
$394,757
$394.8K
Cap Rate 9%
$307,033
$307.0K
Market Conditions
NOI Build-Up for 2,401 SF
Gross rent
$41.8K $17.40/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$39.5K $16.44/SF
− OpEx
−$11.8K −$4.93/SF
NOI
$27.6K $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%
$552,660
Cap Rate 7%
$394,757
Cap Rate 9%
$307,033
Alternative Uses
Best Use
Multifamily LT 5
$394.8K
$345.4K – $460.6K
NOI $27,633 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$351.9K
$307.9K – $410.5K
NOI $24,630 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$657.7K
$575.5K – $767.4K
NOI $46,042 @ 7.0% cap · market cap 11.09%
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
1,663
Businesses Nearby
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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
$197,700
Median Home Value
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Market
Average Price Trend$/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 - Separate utility meters and a full basement with laundry support the property’s two-apartment configuration.
Where is this duplex located?
The property is located at 32 Hickory St Rochester, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two apartments totaling 6 bedrooms and 3 full bathrooms; 2,401 square feet in an 1890‑built duplex; Separate utility meters for the two units
