Building Details

Building Size 2,915 SF

Year Built 1922

Listing Agency: Jovcevski Properties Inc

Listed By: Jonny Jovcevski · License #10401216314 Show Phone

Source: Highfallssir

Added: Aug 17 Changed: Sep 27 Last Checked: Oct 5 at 10:28PM

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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 Jovcevski Properties Inc

Investment Insights

Based on property information with market context.

This triplex contains three tenant-occupied units and was built in 1922. The property is located at 709 Garfield St in East Rochester, NY 14445. Its existing occupancy provides a current residential income setup, while the three-unit layout gives the property a defined small-scale multifamily profile.

Neighborhood mobility scores include a Walk Score of 73, classified as Very Walkable, and a Bike Score of 67, classified as Bikeable.

Key Highlights

• Three‑unit multifamily property with all units currently tenant‑occupied
• Built in 1922
• Located at 709 Garfield St, East Rochester, NY 14445

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,173

Cap Rate

7.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$543,460 $543.5K

Cap Rate 7%

$388,186 $388.2K

Cap Rate 9%

$301,922 $301.9K

Market Conditions

NOI Build-Up for 2,915 SF

Gross rent

$40.2K $13.80/SF

− Vacancy

−$1.4K −$0.48/SF

EGI

$38.8K $13.32/SF

− OpEx

−$11.6K −$4.00/SF

NOI

$27.2K $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%

$543,460

Cap Rate 7%

$388,186

Cap Rate 9%

$301,922

Alternative Uses

Best Use

Multifamily LT 5

$388.2K

$339.7K – $452.9K (±1% cap)

NOI $27,173 @ 7.0% cap · market cap 7.55%

Second Best

Apartment 5plus

$350.6K

$306.8K – $409.1K (±1% cap)

NOI $24,544 @ 7.0% cap · market cap 6.82%

Theoretical Best

Specialty Retail

$559.6K

$489.6K – $652.9K (±1% cap)

NOI $39,171 @ 7.0% cap · market cap 10.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Barber Shop 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

Location Intelligence

Trade Area within ½ mile

911

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 - Three occupied residences offer an existing multifamily configuration in East Rochester.

Where is this triplex located?

The property is located at 709 Garfield Street East Rochester, NY.

What is the asking price?

The asking price for this property is $359,900.

What are key features of this property?

This property features: Three‑unit multifamily property with all units currently tenant‑occupied; Built in 1922; Located at 709 Garfield St, East Rochester, NY 14445