Two-Unit
New
For Sale
$300,000
81 Willowick Drive, Fairport, NY 14450
Each residence includes three bedrooms, central air conditioning, and a full basement with laundry hookups.
Property Size2,640 SF
Price / SF$113.64
Days on Market2
Property Features for 81 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
Building Details
Year Built
1987
Tenancy
Multi
Listing Agency:
RE/MAX Plus
Listed By:
Alan Wood · License #7241
(585) 279-8282
Source:
Cnynicheteam
Added: Oct 30
Last Checked: Oct 30 at 2:28PM
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
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Investment Insights
Based on property information with market context.
Built in 1987, this 2,640-square-foot duplex contains two residences, each with three bedrooms, 1.5 bathrooms, an eat-in kitchen, and an open living and dining area. Sliding doors open to a private patio, and each unit has its own full basement with laundry hookups, central air conditioning, closet space, and storage. The property also features a front porch and level yard. Both units are tenant occupied.
The property sits beside the Trolley Trail, which connects with the Erie Canal Path. The homes are in the Fairport school district. HOA services include lawn care, garbage collection, master insurance, road upkeep, and snow removal.
The property sits beside the Trolley Trail, which connects with the Erie Canal Path. The homes are in the Fairport school district. HOA services include lawn care, garbage collection, master insurance, road upkeep, and snow removal.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 bathrooms
- 2,640‑square‑foot duplex built in 1987
- Separate full basements with laundry hookups and storage
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.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, central air conditioning, and a full basement with laundry hookups.
Where is this duplex located?
The property is located at 81 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 residences, each with 3 bedrooms and 1.5 bathrooms; 2,640‑square‑foot duplex built in 1987; Separate full basements with laundry hookups and storage
