Building Details

Building Size 1,907 SF

Year Built 1920

Listing Agency: Simply Gold Real Estate

Listed By: Colleen A. Snyder · License #10491213328 Show Phone

Source: Highfallssir

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 11 at 1:58PM

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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 Simply Gold Real Estate

Investment Insights

Based on property information with market context.

This 1920 triplex comprises three apartments: a two-bedroom, one-bath unit in the main house, a two-bedroom, two-bath upper unit, and a one-bedroom, one-bath apartment above detached garage storage. The upper apartment has new cabinets, hardware, appliances, countertops, and windows, along with an ensuite bath and walk-in closet. A new certificate of occupancy has been issued. Gas and electric are separately metered, and heating includes forced air and electric baseboard, depending on the unit.

The property is across from Edmund Lyon Park and within walking distance of East Rochester Wegmans and village businesses. Site features include a recently installed driveway with organized parking and a low-maintenance lawn.

Key Highlights

• Three apartments: two‑bedroom/one‑bath, two‑bedroom/two‑bath, and one‑bedroom/one‑bath
• Upper apartment has new cabinets, hardware, appliances, countertops, and windows
• Two apartments are leased; the recently renovated upper apartment is vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,777

Cap Rate

6.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,540 $355.5K

Cap Rate 7%

$253,957 $254.0K

Cap Rate 9%

$197,522 $197.5K

Market Conditions

NOI Build-Up for 1,907 SF

Gross rent

$26.3K $13.80/SF

− Vacancy

−$921 −$0.48/SF

EGI

$25.4K $13.32/SF

− OpEx

−$7.6K −$4.00/SF

NOI

$17.8K $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%

$355,540

Cap Rate 7%

$253,957

Cap Rate 9%

$197,522

Alternative Uses

Best Use

Multifamily LT 5

$254.0K

$222.2K – $296.3K (±1% cap)

NOI $17,777 @ 7.0% cap · market cap 6.35%

Second Best

Apartment 5plus

$229.4K

$200.7K – $267.6K (±1% cap)

NOI $16,057 @ 7.0% cap · market cap 5.73%

Theoretical Best

Specialty Retail

$366.1K

$320.3K – $427.1K (±1% cap)

NOI $25,626 @ 7.0% cap · market cap 9.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Daycare Center Barber Shop (Bike/Boat/Book/etc) Store Bakery Locksmith

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

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

886

Businesses Nearby

Explore this area Business Placement

Demographics for 14445, NY

7,781

Population

3,661

Households

2.1

Avg Household Size

39

Median Age

36%

College-Educated

93%

High-School Grad

2.0 sq mi

ZIP Area

3,891

Density / Sq Mi

$72,250

Median Household Income

$41,887

Median Earnings

$1,130

Median Rent

$151,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Two apartments are leased, while the recently renovated upper residence is vacant.

Where is this triplex located?

The property is located at 609 Main Street East Rochester, NY.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Three apartments: two‑bedroom/one‑bath, two‑bedroom/two‑bath, and one‑bedroom/one‑bath; Upper apartment has new cabinets, hardware, appliances, countertops, and windows; Two apartments are leased; the recently renovated upper apartment is vacant