586 Ridgeway Avenue, Rochester, NY 14615
Local realty services provided by:CENTURY 21 North East
586 Ridgeway Avenue,Rochester, NY 14615
$179,900
- 6 Beds
- 2 Baths
- 2,458 sq. ft.
- Multi-family
- Pending
Listed by: curtis amesbury, sierra adelina mendes
Office: weichert realtors - lilac properties
MLS#:R1650217
Source:NY_GENRIS
Price summary
- Price:$179,900
- Price per sq. ft.:$73.19
About this home
Introducing an exceptional investment opportunity in the heart of Rochester’s growing Maplewood/Summit Grove district: 586-588 Ridgeway Ave, a fully-rented duplex built in 1922 featuring two well-appointed 3-bedroom, 1-bath units. Boasting approximately 2,458 sq ft of living space, each unit includes its own dining room, living room, private attic and basement access — plus a detached 2-car garage on Aster Street offering tenant convenience and added value. Recent sale data supports the strong income potential and market appeal of this side-by-side offering. Gross annual rents of $34500, NOI of $28,527 gives an excellent Cap Rate of 15.85% and Cash-on-Cash Return of 63.39% (assuming 25% Down Payment). Professionally managed, and this arrangement could continue.
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Home facts
- Year built:1922
- Listing ID #:R1650217
- Added:73 day(s) ago
- Updated:January 23, 2026 at 09:01 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,458 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt
- Year built:1922
- Building area:2,458 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$179,900
- Price per sq. ft.:$73.19
- Tax amount:$4,365
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