Building Details

Building Size 2,560 SF

Year Built 1895

Tenancy Multi

Listing Agency: Canalside Realty LLC

Listed By: Joseph V Thon · License #10491210763 Show Phone

Source: Highfallssir

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:28AM

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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 Canalside Realty LLC

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Investment Insights

Based on property information with market context.

Built in 1895, this two-family property at 410 Gregory Street in Rochester contains two apartments. One offers three bedrooms and two bathrooms; the other has two bedrooms and two bathrooms. Interior details include hardwood flooring, decorative trim, kitchens with butcher-block counters, open shelving and farmhouse-style sinks, along with updated bathrooms.

Both apartments are leased through July 31, 2027. The property combines a varied unit mix with a blend of architectural details and interior updates.

Key Highlights

• Two‑family property built in 1895
• Leases for both apartments run through July 31, 2027
• Apartment 1 has 3 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,463

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$589,260 $589.3K

Cap Rate 7%

$420,900 $420.9K

Cap Rate 9%

$327,367 $327.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,560 SF

Gross rent

$44.5K $17.40/SF

− Vacancy

−$2.5K −$0.96/SF

EGI

$42.1K $16.44/SF

− OpEx

−$12.6K −$4.93/SF

NOI

$29.5K $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 Rate 5%

$589,260

Cap Rate 7%

$420,900

Cap Rate 9%

$327,367

Alternative Uses

Best Use

Multifamily LT 5

$420.9K

$368.3K – $491.1K (±1% cap)

NOI $29,463 @ 7.0% cap · market cap 8.42%

Second Best

Apartment 5plus

$375.2K

$328.3K – $437.7K (±1% cap)

NOI $26,261 @ 7.0% cap · market cap 7.50%

Theoretical Best

Office A

$701.3K

$613.6K – $818.2K (±1% cap)

NOI $49,091 @ 7.0% cap · market cap 14.03%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Auto Repair Shop Auto Parts Store Storage Facility Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,265

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

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 - Both apartments are leased through July 31, 2027, with a three-bedroom unit and a two-bedroom unit.

Where is this duplex located?

The property is located at 410 Gregory Street Rochester, NY.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Two‑family property built in 1895; Leases for both apartments run through July 31, 2027; Apartment 1 has 3 bedrooms and 2 bathrooms