Updated Two-Unit
New
For Sale
$329,900
41 Crittenden Boulevard, Rochester, NY 14620
Residential, Rochester, NY
Property Size1,517 SF
Lot Size0.15 Acres
Price / SF$217.47
Days on Market2
Property Features for 41 Crittenden Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1
Appliances
GasWaterHeater
Subdivision
Crittenden Park Subn
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Rochester
Middle school district
Rochester
High school district
Rochester
Standard status
Active
APN
261400-136-610-0001-026-000-0000
Size
1,517 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
7600
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
on-premises laundry
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Laminate
Building materials
AluminumSiding, Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Realty Greater Rochester
(585) 758-8400
Listed By:
Lynn Walsh Dates · License #10301222649
(585) 750-6024
Added: Aug 20
Last Checked: Aug 21 at 8:06PM
MLS# R1708010
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,517 square feet on a 0.15-acre lot and was built in 1920. The property features aluminum siding, a frame structure, asphalt roofing, forced-air natural gas heat, public water, a basement, and on-site laundry. Off-street parking serves the occupants, while the interior includes two bathrooms and multiple bedrooms with a mix of tile, laminate, and varied flooring.
Recent capital improvements include a roof replacement in 2020, furnace updates completed in 2020 and 2021, and water heater updates from 2018 and 2020. The property is located at 41 Crittenden Boulevard in Rochester, directly across from UR Strong Memorial Hospital and the University of Rochester Medical Center, with access to nearby dining, shopping, amenities, and major routes.
Recent capital improvements include a roof replacement in 2020, furnace updates completed in 2020 and 2021, and water heater updates from 2018 and 2020. The property is located at 41 Crittenden Boulevard in Rochester, directly across from UR Strong Memorial Hospital and the University of Rochester Medical Center, with access to nearby dining, shopping, amenities, and major routes.
Key Highlights
- Two‑unit duplex with 1,517 square feet of property size
- 0.15‑acre lot at 41 Crittenden Boulevard, Rochester, NY 14620
- Directly across from UR Strong Memorial Hospital and University of Rochester Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,459
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,180
$349.2K
Cap Rate 7%
$249,414
$249.4K
Cap Rate 9%
$193,989
$194.0K
Market Conditions
NOI Build-Up for 1,517 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$24.9K $16.44/SF
− OpEx
−$7.5K −$4.93/SF
NOI
$17.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,180
Cap Rate 7%
$249,414
Cap Rate 9%
$193,989
Alternative Uses
Best Use
Multifamily LT 5
$249.4K
$218.2K – $291.0K
NOI $17,459 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$222.3K
$194.5K – $259.4K
NOI $15,562 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$415.6K
$363.6K – $484.8K
NOI $29,090 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,557
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property across from UR Strong Memorial Hospital with off-street parking and on-premises laundry.
Where is this duplex located?
The property is located at 41 Crittenden Boulevard Rochester, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,517 square feet of property size; 0.15‑acre lot at 41 Crittenden Boulevard, Rochester, NY 14620; Directly across from UR Strong Memorial Hospital and University of Rochester Medical Center
