Duplex with Private
New
For Sale
$300,000
81-83 Willowick Drive, Fairport, NY 14450
Each residence combines a separate basement and laundry hookups with central air conditioning and outdoor patio space.
Property Size2,640 SF
Days on Market3
Property Features for 81-83 Willowick Drive
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,259
Amenities
laundry hookups
central air conditioning
private patio
front porch
Building Details
Building Size
2,640 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
RE/MAX Plus
Listed By:
Alan J. Wood · License #49WO1164272
(585) 279-8282
Source:
Griffith-realty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:57PM
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 RE/MAX Plus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1987 duplex contains two residences, each with 3 bedrooms and 1.5 baths. Both have an eat-in kitchen, connected living and dining areas, a private patio, and a separate basement with laundry hookups. Central air conditioning, closet space, and additional storage are provided in each unit. The property also has a front porch and a level yard.
The duplex is adjacent to the Trolley Trail, which connects to the Erie Canal Path, and is near parks and other area amenities. Fairport Schools serve the property. The HOA covers lawn care, garbage service, master insurance, road maintenance, and snow removal. Both residences are tenant-occupied, with long-term tenants.
The duplex is adjacent to the Trolley Trail, which connects to the Erie Canal Path, and is near parks and other area amenities. Fairport Schools serve the property. The HOA covers lawn care, garbage service, master insurance, road maintenance, and snow removal. Both residences are tenant-occupied, with long-term tenants.
Key Highlights
- Two‑unit duplex built in 1987
- Each residence has 3 bedrooms and 1.5 baths
- Separate basement with laundry hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,610
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,200
$492.2K
Cap Rate 7%
$351,571
$351.6K
Cap Rate 9%
$273,444
$273.4K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$36.4K $13.80/SF
− Vacancy
−$1.3K −$0.48/SF
EGI
$35.2K $13.32/SF
− OpEx
−$10.5K −$4.00/SF
NOI
$24.6K $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%
$492,200
Cap Rate 7%
$351,571
Cap Rate 9%
$273,444
Alternative Uses
Best Use
Multifamily LT 5
$351.6K
$307.6K – $410.2K
NOI $24,610 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$317.6K
$277.9K – $370.5K
NOI $22,229 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$506.8K
$443.5K – $591.3K
NOI $35,476 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 14450, NY
42,633
Population
19,054
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
97%
High-School Grad
32.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$109,543
Median Household Income
$62,613
Median Earnings
$1,258
Median Rent
$281,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence combines a separate basement and laundry hookups with central air conditioning and outdoor patio space.
Where is this duplex located?
The property is located at 81-83 Willowick Drive Fairport, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1987; Each residence has 3 bedrooms and 1.5 baths; Separate basement with laundry hookups in each unit
