Two-Family Residence With Separate
64 Chapin Street Canandaigua, NY 14424
64 Chapin Street, Canandaigua, NY, 14424
$239,900
Pending
For Sale
$239,900
Pending
Two-family home near downtown with separate electric service and a boiler that serves both apartments.
Property Size1,735 SF
Days on Market65
Property Features for 64 Chapin Street
General Information
- Standard status
- Pending
- Size
- 1,735 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1860
Listing agency
Hunt Real Estate ERA/Columbus
(585) 388-1400
Listed by
Debra Hoevenaar
(585) 388-1400
Source
Xome
Added: May 20 Updated: Jul 21 at 2:20AM Checked: Jul 22 at 3:38AM
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
Investment Insights
Based on property information with market context.
This two-family residence offers a straightforward live-in or rental setup with separate electric utilities for each unit. A boiler serves both the upper and lower apartments, supporting heat for the two-family configuration. Public remarks indicate the property is move-in ready.
The home is located in the heart of Canandaigua, close to downtown shops and restaurants, and within walking distance to local dining options. It is also described as being near Canadaigua Lake.
As a two-family asset, the layout provides two apartment units served by the building’s shared heating system, with separate electric service to each unit.
The home is located in the heart of Canandaigua, close to downtown shops and restaurants, and within walking distance to local dining options. It is also described as being near Canadaigua Lake.
As a two-family asset, the layout provides two apartment units served by the building’s shared heating system, with separate electric service to each unit.
Key Highlights
- Two‑family residence near downtown Canandaigua with separate electric utilities for each unit
- Boiler serves both the upstairs and downstairs apartments
- Approx. 60x123 rectangular lot with city road access
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $22.56 |
| − Vacancy | −$3.1k | −$1.80 |
| EGI | $36.0k | $20.76 |
| − OpEx | −$16.2k | −$9.34 |
| NOI | $19.8k | $11.42 |
1,735 SF · lease $22.56/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.4K
$277.8K – $370.3K
NOI $22,220 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$282.9K
$247.6K – $330.1K
NOI $19,806 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$519.3K
$454.4K – $605.9K
NOI $36,352 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home near downtown with separate electric service and a boiler that serves both apartments.
Where is this duplex located?
The property is located at 64 Chapin Street Canandaigua, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑family residence near downtown Canandaigua with separate electric utilities for each unit; Boiler serves both the upstairs and downstairs apartments; Approx. 60x123 rectangular lot with city road access
