Two-Family Residence With Separate
For Sale
$239,900
Pending
64 Chapin Street, Canandaigua, NY 14424
Two-family home near downtown with separate electric service and a boiler that serves both apartments.
Property Size1,735 SF
Days on Market74
Property Features for 64 Chapin Street
General Information
Standard status
Pending
Size
1,735 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
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
Changed: Jul 21
Last Checked: Jul 23 at 4:17AM
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
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
