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    Up-Down Duplex with Off-Street Parking Title is generated by Realmo AI

    622 Virginia Avenue, Rochester, PA 15074

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    For Sale
    $89,900

    Two-unit duplex with separate utilities and a vacant first-floor apartment ready for rehab.

    Type:Multi-Unit / Duplex
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 1 at 8:31 pm

    Property Features for 622 Virginia Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi-Unit / Duplex

    Building Details

    Year Built
    1969

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    Listing Contact
    Ian Finn

    Listing agent Ian Finn

    Listing office EXP REALTY LLC

    Listing date May 26, 2026

    Source Compass

    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 EXP REALTY LLC

    HighLights

    • Two‑unit up/down duplex in Rochester with one unit occupied ($700/month, month‑to‑month) and the first‑floor unit vacant for rehab
    • Second‑floor 1‑bedroom apartment has central air installed in 2011 and a gas forced‑air furnace installed approx. in 2008
    • First‑floor unit is ready for rehab with kitchen, bathroom, and furnace replacement included in the noted updates/repairs list
    • Separate utilities with separately metered gas and electric, plus public water and sewer service
    • Full walkout basement with laundry hookups and off‑street parking
    • Brick and block construction with aluminum siding; major improvements include roof replacement (2011), deck supports (2015), and hot water tank replacement (2020)

    Overview

    This up-down duplex offers two separate residential units with a layout designed for separate living. The second-floor unit is a 1-bedroom apartment currently occupied on a month-to-month arrangement. The first-floor apartment is vacant and ready for rehabilitation, including kitchen and bathroom work and a furnace replacement.

    The building uses brick and block construction with aluminum siding and includes a full basement with laundry hookups. Utilities are separately metered for gas and electric, supported by public water and sewer service, and the property has off-street parking. Documented improvements include roof replacement in 2011, central air installation in 2011, updated deck supports in 2015, and a hot water tank replacement in 2020, along with a gas forced-air furnace for the upper unit installed approximately in 2008.

    Located in Rochester’s Neighborhood Mixed Use zoning district, the property may support residential or mixed-use concepts subject to municipal approval, including potential conversion of the lower level for commercial, office, retail, service, or additional residential uses. As-is sale provides an opportunity for an investor or owner-occupant to renovate the vacant unit while maintaining income from the occupied second-floor apartment.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Beaver
    State
    Pennsylvania
    Longitude
    -80.2844056
    Latitude
    40.7134708

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with separate utilities and a vacant first-floor apartment ready for rehab.
    Where is this duplex located?
    The property is located at 622 Virginia Avenue Rochester, PA.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Two‑unit up/down duplex in Rochester with one unit occupied ($700/month, month‑to‑month) and the first‑floor unit vacant for rehab; Second‑floor 1‑bedroom apartment has central air installed in 2011 and a gas forced‑air furnace installed approx. in 2008; First‑floor unit is ready for rehab with kitchen, bathroom, and furnace replacement included in the noted updates/repairs list
    (888) 397-7352
    We can help!
    Listing Contact
    Ian Finn
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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