Duplex With Walk-Up
59-61 Herald Street, Rochester, NY 14621
For Sale
Contact for pricing
Pending
Built in 1925, the property requires complete rehabilitation and is being sold in as-is condition.
Property Size1,341 SF
Days on Market15
Property Features for 59-61 Herald Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Hunt Real Estate ERA/Columbus
Listed By:
Christopher Carretta · License NY 30CA1052170
(585) 734-3414
Source:
Highfallssir
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 11:41AM
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 Hunt Real Estate ERA/Columbus
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Investment Insights
Based on property information with market context.
This 1925 duplex has formal dining space, large kitchens, three bedrooms, two full bathrooms, and a full walk-up attic. The property is in extreme disrepair and requires a complete rehabilitation. It is being sold as-is, with no interior access permitted before closing.
Key Highlights
- Duplex with three bedrooms and two full bathrooms
- Full walk‑up attic
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,756
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,120
$275.1K
Cap Rate 7%
$196,514
$196.5K
Cap Rate 9%
$152,844
$152.8K
Market Conditions
NOI Build-Up for 1,341 SF
Gross rent
$26.6K $19.80/SF
− Vacancy
−$1.5K −$1.15/SF
EGI
$25.0K $18.65/SF
− OpEx
−$11.3K −$8.39/SF
NOI
$13.8K $10.26/SF
Area
Rochester, NY
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,120
Cap Rate 7%
$196,514
Cap Rate 9%
$152,844
Alternative Uses
Best Use
Multifamily LT 5
$220.5K
$192.9K – $257.2K
NOI $15,433 @ 7.0% cap
Second Best
Apartment 5plus
$196.5K
$172.0K – $229.3K
NOI $13,756 @ 7.0% cap
Theoretical Best
Office A
$367.4K
$321.4K – $428.6K
NOI $25,715 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 14621, NY
32,891
Population
15,013
Households
2.2
Avg Household Size
35
Median Age
12%
College-Educated
76%
High-School Grad
4.1 sq mi
ZIP Area
8,022
Density / Sq Mi
$36,534
Median Household Income
$31,704
Median Earnings
$989
Median Rent
$83,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Rochester, NY
Properties on Market for Duplexes in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1925, the property requires complete rehabilitation and is being sold in as-is condition.
Where is this duplex located?
The property is located at 59-61 Herald Street Rochester, NY.
What are key features of this property?
This property features: Duplex with three bedrooms and two full bathrooms; Full walk‑up attic; Built in 1925
