9-Room Multifamily
For Sale
$310,000
38 Chapin St, Canandaigua, NY 14424
Fully rented rooming house with multiple entrances, parking, and apartment conversion potential.
Property Size4,919 SF
Price / SF$63.02
Days on Market54
Property Features for 38 Chapin St
General Information
Standard status
Active
Size
4,919 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$55,776
Additional Details
Cap Rate
20%
Taxes and HOA fees
Annual Taxes
$5,429
Listing Agency:
Griffith Realty Group
(585) 943-2022
Listed By:
Jon J. Bagley · License #10401244739
(585) 943-2022
Source:
Exprealty
Added: Jun 23
Changed: Aug 14
Last Checked: Aug 15 at 9:12AM
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 Griffith Realty Group
Investment Insights
Based on property information with market context.
Located at 38 Chapin St in Canandaigua, NY, this multifamily property is currently operated as a rooming house with 9 rooms, including 2 double rooms, and 4.5 baths. The layout also offers the possibility of conversion to apartments or use as a large single-family home.
The property has 4 entrance and exit points, along with 4 parking spots. It is fully rented and reports a 15-20% cap rate. Showing appointments require 48 hours’ notice.
The property has 4 entrance and exit points, along with 4 parking spots. It is fully rented and reports a 15-20% cap rate. Showing appointments require 48 hours’ notice.
Key Highlights
- 9‑room rooming house with 2 double rooms and 4.5 baths
- Fully rented property with a reported 15‑20% cap rate
- 4 entrance and exit points support separate access
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully rented rooming house with multiple entrances, parking, and apartment conversion potential.
Where is this multifamily property located?
The property is located at 38 Chapin St Canandaigua, NY.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 9‑room rooming house with 2 double rooms and 4.5 baths; Fully rented property with a reported 15‑20% cap rate; 4 entrance and exit points support separate access
