Furnished Three-Unit
For Sale
$899,900
8388 Bay Street, Sodus Point, NY 14551
Residential, Sodus Point, NY
Property Size4,300 SF
Lot Size0.75 Acres
Price / SF$209.28
Days on Market49
Property Features for 8388 Bay Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
9
Full bathrooms
6
Half bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 9, Bathroom 7, Basement, Bedroom 7, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 8, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 9
Parking features
Garage
Patio and Porch features
Deck
Interior features
NaturalWoodwork
Exterior features
Deck
Accessibility
Accessible Approach with Ramp
Appliances
GasWaterHeater
Lot features
Agricultural, Rectangular, Rectangular Lot
View
Water
Elementary school
Sodus Primary
Middle school
Sodus Middle
High school
Sodus High
Elementary school district
Sodus
Middle school district
Sodus
High school district
Sodus
Subdivision
Sodus Point-Village-544203
Standard status
Active
APN
544203-071-119-0018-316-169-0000
Size
4,300 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Annual Amount
9956
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
garage
full basement
private entrances
new grills
remote keyless entry
remote thermostats
water-leak detection with auto shutoff
alarm system
Building Details
Year built
2016
Floors in Building
3
Number of units
3
Flooring type
Carpet, Hardwood, Laminate, Varies
Building materials
AluminumSiding, AtticCrawlHatchwaysInsulated, BlownInInsulation, VinylSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Cornerstone Realty Associates
Listed By:
Raymond Luke Cino · License #10491201091
(315) 524-7320
Added: Sep 16
Changed: Oct 24
Last Checked: Nov 3 at 10:06PM
MLS# R1714737
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,300-square-foot triplex in Sodus Point contains three furnished residential units with matching up-and-down layouts, private entrances, and finished interiors. The property includes a garage, full basement with egress windows, deck, central air, forced-air natural gas heat, public water, and an accessible approach with ramp. Built in 2016, it also features insulated construction elements, a shingle roof, and a gas water heater.
Located at 8388 Bay Street, the 0.75-acre parcel supports current short-term rental use and offers room for a possible additional unit, subject to approvals. Furnishings and operating materials include kitchenware, linens, decor, grills, remote access controls, thermostats, water-leak protection, and an alarm system. The property can also support long-term leasing, subject to applicable requirements.
Located at 8388 Bay Street, the 0.75-acre parcel supports current short-term rental use and offers room for a possible additional unit, subject to approvals. Furnishings and operating materials include kitchenware, linens, decor, grills, remote access controls, thermostats, water-leak protection, and an alarm system. The property can also support long-term leasing, subject to applicable requirements.
Key Highlights
- Three‑unit triplex with 4,300 square feet of finished property area
- 0.75‑acre parcel at 8388 Bay Street, Sodus Point, NY 14551
- Built in 2016 with matching furnished unit layouts and private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,674
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$59.3K $13.80/SF
− Vacancy
−$6.9K −$1.62/SF
EGI
$52.4K $12.18/SF
− OpEx
−$15.7K −$3.66/SF
NOI
$36.7K $8.53/SF
Area
Wayne County, NY
Vacancy
11.71%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$462.1K
$404.3K – $539.1K
NOI $32,345 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,084 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
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Business Placement
Demographics for 14551, NY
5,163
Population
2,673
Households
1.9
Avg Household Size
45
Median Age
16%
College-Educated
89%
High-School Grad
43.7 sq mi
ZIP Area
118
Density / Sq Mi
$53,462
Median Household Income
$41,177
Median Earnings
$845
Median Rent
$123,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully furnished units include private entrances, modern mechanical systems, and a short-term rental setup.
Where is this triplex located?
The property is located at 8388 Bay Street Sodus Point, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Three‑unit triplex with 4,300 square feet of finished property area; 0.75‑acre parcel at 8388 Bay Street, Sodus Point, NY 14551; Built in 2016 with matching furnished unit layouts and private entrances
