Triplex with Off-Street
For Sale
$225,000
Pending
52 Monroe Avenue, Brockport, NY 14420
Three apartments offer a two-bedroom residence, two one-bedroom units, and shared on-site laundry.
Property Size2,328 SF
Days on Market93
Property Features for 52 Monroe Avenue
General Information
Standard status
Pending
Size
2,328 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,028
Amenities
off street parking
on site laundry
Building Details
Building Size
2,328 SF
Year Built
1840
Listing Agency:
Keller Williams Realty Greater Rochester
(585) 362-8589
Listed By:
Angela F. Brown · License #40BR0947833
(585) 362-8589
Source:
Highfallssir
Added: May 28
Changed: Aug 22
Last Checked: Aug 22 at 1:59AM
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 Keller Williams Realty Greater Rochester
Investment Insights
Based on property information with market context.
Located at 52 Monroe Avenue in Sweden, NY 14420, this triplex contains three apartments arranged across two levels. The first-floor residence includes two bedrooms, a substantial kitchen, a combined dining and living area, and 1.5 baths. Two additional one-bedroom apartments are positioned on the second floor.
Property features include off-street parking, on-site laundry, and appliances. A current C of O is in place. The property is near SUNY Brockport, the Village of Brockport, shopping, dining, parks, and other local amenities. Constructed in 1840, the building offers a three-unit configuration with a mix of apartment sizes.
Property features include off-street parking, on-site laundry, and appliances. A current C of O is in place. The property is near SUNY Brockport, the Village of Brockport, shopping, dining, parks, and other local amenities. Constructed in 1840, the building offers a three-unit configuration with a mix of apartment sizes.
Key Highlights
- 3‑unit triplex with one 2‑bedroom apartment and two 1‑bedroom apartments
- First‑floor unit includes a substantial kitchen, dining/living area, and 1.5 baths
- Off‑street parking and on‑site laundry
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
$19,602
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
8.71%
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%
$392,040
$392.0K
Cap Rate 7%
$280,029
$280.0K
Cap Rate 9%
$217,800
$217.8K
Market Conditions
NOI Build-Up for 2,328 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
$37.7K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$35.6K $15.31/SF
− OpEx
−$16.0K −$6.89/SF
NOI
$19.6K $8.42/SF
Area
Monroe County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$392,040
Cap Rate 7%
$280,029
Cap Rate 9%
$217,800
Alternative Uses
Best Use
Multifamily LT 5
$310.0K
$271.3K – $361.7K
NOI $21,701 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$280.0K
$245.0K – $326.7K
NOI $19,602 @ 7.0% cap · market cap 8.71%
Theoretical Best
Specialty Retail
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 14420, NY
19,567
Population
8,245
Households
2.4
Avg Household Size
34
Median Age
35%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
332
Density / Sq Mi
$69,716
Median Household Income
$35,211
Median Earnings
$951
Median Rent
$178,600
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?
Triplex - Three apartments offer a two-bedroom residence, two one-bedroom units, and shared on-site laundry.
Where is this triplex located?
The property is located at 52 Monroe Avenue Brockport, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3‑unit triplex with one 2‑bedroom apartment and two 1‑bedroom apartments; First‑floor unit includes a substantial kitchen, dining/living area, and 1.5 baths; Off‑street parking and on‑site laundry
