Building Details

Building Size 2,500 SF

Year Built 1985

Stories 1

Units 2

Construction ranch-style

Listed By: Heidi S. Prentice Show Phone

Source: Elliman

Added: Sep 10 Changed: Nov 2 Last Checked: Nov 4 at 1:09PM

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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 Heidi S. Prentice

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Investment Insights

Based on property information with market context.

Built in 1985, this ranch-style duplex provides two side-by-side living units along with an additional living area suitable for in-law or extended-household use. The property contains approximately 2,500 square feet of living space and includes gas heat, mini-splits, electric service, and air-conditioning units approximately 3 and 5 years old. Two tankless hot water heaters serve the residence.

Set on 1.4 acres, the property adds substantial utility beyond the main residence. Improvements include an attached two-car garage, a 30x40 pole barn, and two storage sheds. A metal roof approximately 4+ years old completes the exterior improvements.

Key Highlights

• Side‑by‑side duplex with an additional living area/in‑law space
• Approximately 2,500 square feet on a 1.4‑acre lot
• Attached two‑car garage, 30x40 pole barn, and two storage sheds

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,305

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$466,100 $466.1K

Cap Rate 7%

$332,929 $332.9K

Cap Rate 9%

$258,944 $258.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$34.5K $13.80/SF

− Vacancy

−$1.2K −$0.48/SF

EGI

$33.3K $13.32/SF

− OpEx

−$10.0K −$4.00/SF

NOI

$23.3K $9.32/SF

Area

Monroe County, NY

Vacancy

3.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$466,100

Cap Rate 7%

$332,929

Cap Rate 9%

$258,944

Alternative Uses

Best Use

Multifamily LT 5

$332.9K

$291.3K – $388.4K (±1% cap)

NOI $23,305 @ 7.0% cap · market cap 7.77%

Second Best

Apartment 5plus

$300.7K

$263.1K – $350.8K (±1% cap)

NOI $21,050 @ 7.0% cap · market cap 7.02%

Theoretical Best

Specialty Retail

$479.9K

$419.9K – $559.9K (±1% cap)

NOI $33,595 @ 7.0% cap · market cap 11.20%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

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Demographics for 14546, NY

4,872

Population

2,225

Households

2.2

Avg Household Size

42

Median Age

42%

College-Educated

98%

High-School Grad

36.1 sq mi

ZIP Area

135

Density / Sq Mi

$82,578

Median Household Income

$46,206

Median Earnings

$1,260

Median Rent

$173,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Includes an additional living area, attached garage, pole barn, and two storage sheds on a 1.4-acre property.

Where is this duplex located?

The property is located at 372 Belcoda Rd Wheatland, 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: Side‑by‑side duplex with an additional living area/in‑law space; Approximately 2,500 square feet on a 1.4‑acre lot; Attached two‑car garage, 30x40 pole barn, and two storage sheds