Duplex with In-Unit
New
For Sale
$319,900
45 University Avenue, Rochester, NY 14605
Both residences are leased and have two bedrooms, one bath, laundry inside, and off-street parking.
Property Size1,540 SF
Days on Market6
Property Features for 45 University Avenue
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$44,000
Taxes and HOA fees
Annual Taxes
$5,441
Amenities
in-unit laundry
Building Details
Building Size
1,540 SF
Year Built
1890
Tenancy
Multi
Listing Agency:
Rich Realty
Listed By:
Michael Nuccitelli · License #10301223403
(585) 739-5334
Source:
Griffith-realty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 3:49PM
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 Rich Realty
Investment Insights
Based on property information with market context.
Built in 1890, this duplex contains two apartments, each with two bedrooms and one bathroom. Both units are currently rented and include in-unit laundry and off-street parking. The sale also includes the neighboring parcel at 49 University Avenue.
The property is near the Eastman School of Music and Eastman Theatre, as well as downtown Rochester restaurants, entertainment, and other amenities.
The property is near the Eastman School of Music and Eastman Theatre, as well as downtown Rochester restaurants, entertainment, and other amenities.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Both units are currently rented
- In‑unit laundry in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,724
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,480
$354.5K
Cap Rate 7%
$253,200
$253.2K
Cap Rate 9%
$196,933
$196.9K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$26.8K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.3K $16.44/SF
− OpEx
−$7.6K −$4.93/SF
NOI
$17.7K $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%
$354,480
Cap Rate 7%
$253,200
Cap Rate 9%
$196,933
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.6K – $295.4K
NOI $17,724 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.3K
NOI $15,798 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 14605, NY
12,172
Population
5,141
Households
2.4
Avg Household Size
31
Median Age
12%
College-Educated
69%
High-School Grad
1.8 sq mi
ZIP Area
6,762
Density / Sq Mi
$23,255
Median Household Income
$27,571
Median Earnings
$815
Median Rent
$81,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and have two bedrooms, one bath, laundry inside, and off-street parking.
Where is this duplex located?
The property is located at 45 University Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Both units are currently rented; In‑unit laundry in each residence
