Building Details

Building Size 1,747 SF

Year Built 1880

Buildings 2

Listing Agency: Howard Hanna WNY Inc.

Listed By: Joseph L Rosenhahn · License #10401290720 Show Phone

Source: Griffith-realty

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 24 at 6:16PM

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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 Howard Hanna WNY Inc.

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Investment Insights

Based on property information with market context.

Built in 1880, this two-family residence has separate living spaces: the ground-floor unit offers four bedrooms, an eat-in kitchen, living room, and forced-air heating and air conditioning. Upstairs, the two-bedroom unit combines its living and dining areas and includes a gas fireplace. The property also has a 0.73-acre parcel and a detached garage set up for automotive or motorcycle work, with a vehicle lift, high ceilings, and an office area above.

Recent improvements include a newer roof, newer hot water tanks, and new electrical service. The garage was fully functional, and some items may be included in the sale.

Key Highlights

• Two‑family property on 0.73 acres
• Detached garage includes a vehicle lift, tall ceilings, and an upstairs office area
• Garage has space for automotive or motorcycle work and repair

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,060

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$461,200 $461.2K

Cap Rate 7%

$329,429 $329.4K

Cap Rate 9%

$256,222 $256.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,747 SF

Gross rent

$41.9K $24.00/SF

− Vacancy

−$5.0K −$2.88/SF

EGI

$36.9K $21.12/SF

− OpEx

−$13.8K −$7.92/SF

NOI

$23.1K $13.20/SF

Area

Genesee County, NY

Vacancy

12.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$461,200

Cap Rate 7%

$329,429

Cap Rate 9%

$256,222

Alternative Uses

Best Use

Industrial

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,478 @ 7.0% cap · market cap 31.26%

Second Best

Mixed Use

$329.4K

$288.3K – $384.3K (±1% cap)

NOI $23,060 @ 7.0% cap · market cap 7.71%

Theoretical Best

Warehouse

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,510 @ 7.0% cap · market cap 37.96%

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 Building Supply HVAC Service Big Box & Wholesale Store Auto Repair Shop (Bike/Boat/Book/etc) Store Restaurant

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

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 14036, NY

4,931

Population

2,521

Households

2

Avg Household Size

46

Median Age

19%

College-Educated

95%

High-School Grad

53.6 sq mi

ZIP Area

92

Density / Sq Mi

$91,806

Median Household Income

$46,506

Median Earnings

$923

Median Rent

$184,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units are paired with a separate garage equipped for vehicle work and an upstairs office area.

Where is this duplex located?

The property is located at 591 Main Road Pembroke, NY.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Two‑family property on 0.73 acres; Detached garage includes a vehicle lift, tall ceilings, and an upstairs office area; Garage has space for automotive or motorcycle work and repair