Farmhouse Duplex on
For Sale
$375,000
Pending
4259 Nine Mile Point Road, Fairport, NY 14450
Two-unit farmhouse property with flexible residential layouts, private outdoor space, and room for vehicles or recreational equipment.
Property Size2,500 SF
Days on Market48
Property Features for 4259 Nine Mile Point Road
General Information
Standard status
Pending
Size
2,500 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,420
Building Details
Building Size
2,500 SF
Year Built
1860
Buildings
1
Listing Agency:
Sable Real Estate Services
Listed By:
Lynnora A Sable-Smith · License #10371201880
(585) 721-9764
Source:
Griffith-realty
Added: Sep 4
Changed: Oct 17
Last Checked: Oct 21 at 3:04AM
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 Sable Real Estate Services
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Investment Insights
Based on property information with market context.
This two-unit farmhouse duplex, built in 1860, offers a combined five-bedroom configuration with distinct living arrangements. One residence includes two bedrooms and one full bath, while the other provides three bedrooms, two full baths, and one half bath. The property also includes Fairport electric service and a horseshoe driveway with space for multiple cars, an RV, or a trailer.
The property encompasses a 1.4-acre lot together with an additional 2+ acres, for a total exceeding 3 acres. Located at 4259 Nine Mile Point Rd in Perinton, the setting is within walking distance of the golf course and near the Village of Fairport. Its acreage and existing duplex layout provide options for residential use or rental occupancy.
The property encompasses a 1.4-acre lot together with an additional 2+ acres, for a total exceeding 3 acres. Located at 4259 Nine Mile Point Rd in Perinton, the setting is within walking distance of the golf course and near the Village of Fairport. Its acreage and existing duplex layout provide options for residential use or rental occupancy.
Key Highlights
- 5‑bedroom duplex with two distinct residential sides
- One side includes 2 bedrooms and 1 full bath
- Other side offers 3 bedrooms, 2 full baths, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,305
Cap Rate
6.21%
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
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
NOI $23,305 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$479.9K
$419.9K – $559.9K
NOI $33,595 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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Business Placement
Demographics for 14450, NY
42,633
Population
19,054
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
97%
High-School Grad
32.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$109,543
Median Household Income
$62,613
Median Earnings
$1,258
Median Rent
$281,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit farmhouse property with flexible residential layouts, private outdoor space, and room for vehicles or recreational equipment.
Where is this duplex located?
The property is located at 4259 Nine Mile Point Road Fairport, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5‑bedroom duplex with two distinct residential sides; One side includes 2 bedrooms and 1 full bath; Other side offers 3 bedrooms, 2 full baths, and 1 half bath
