Commercially Zoned
650 Ridge Rd, Webster, NY 14580
For Sale
New
$427,000
Two side-by-side residences each have private laundry and a separate driveway; one unit is vacant and refreshed.
Property Size2,880 SF
Days on Market2
Property Features for 650 Ridge Rd
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
private laundry facilities
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Upstate Prestige Properties
Listed By:
Nicole F. Curcio · License #10371201968
(585) 202-6864
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:33PM
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 Upstate Prestige Properties
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Investment Insights
Based on property information with market context.
This two-family property in Webster contains side-by-side units, each with 3 bedrooms, 1.5 bathrooms, and private laundry facilities. Separate driveways serve the residences. One unit is vacant and has been refreshed. A new septic system and updated mechanicals are in place. The property was built in 1812 and is zoned MC (Medium-Intensity Commercial). Certain commercial uses may be allowed under Town of Webster regulations, subject to applicable requirements and municipal approvals.
Located on Ridge Road, the property offers two residential units alongside its commercial zoning designation. The vacant unit provides flexibility for occupancy or a new tenancy, while the other unit remains a separate residence.
Located on Ridge Road, the property offers two residential units alongside its commercial zoning designation. The vacant unit provides flexibility for occupancy or a new tenancy, while the other unit remains a separate residence.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms
- MC (Medium‑Intensity Commercial) zoning; commercial uses are subject to town requirements and approvals
- Separate driveway and private laundry facilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,847
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,940
$536.9K
Cap Rate 7%
$383,529
$383.5K
Cap Rate 9%
$298,300
$298.3K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$39.7K $13.80/SF
− Vacancy
−$1.4K −$0.48/SF
EGI
$38.4K $13.32/SF
− OpEx
−$11.5K −$4.00/SF
NOI
$26.8K $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%
$536,940
Cap Rate 7%
$383,529
Cap Rate 9%
$298,300
Alternative Uses
Best Use
Multifamily LT 5
$383.5K
$335.6K – $447.5K
NOI $26,847 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$346.4K
$303.1K – $404.2K
NOI $24,249 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$552.9K
$483.8K – $645.0K
NOI $38,701 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 14580, NY
54,148
Population
24,355
Households
2.2
Avg Household Size
46
Median Age
45%
College-Educated
96%
High-School Grad
42.6 sq mi
ZIP Area
1,271
Density / Sq Mi
$95,499
Median Household Income
$58,150
Median Earnings
$1,387
Median Rent
$253,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Monroe County, NY
Properties on Market for Duplexes in Monroe County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences each have private laundry and a separate driveway; one unit is vacant and refreshed.
Where is this duplex located?
The property is located at 650 Ridge Rd Webster, NY.
What is the asking price?
The asking price for this property is $427,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms; MC (Medium‑Intensity Commercial) zoning; commercial uses are subject to town requirements and approvals; Separate driveway and private laundry facilities for each unit
