- 6 beds
- 3 baths
- 3,366 sqft
- 12,197 sqft lot
- $100 per sqft
- 1880 build
- – on site
Investor Opportunity: 31 Genesee Street in Geneva, NY is a fully occupied, low-capex 3-family property delivering a 10% cap rate on current operations, with an in-place NOI of $32,400/year. The building features three (3) separately metered, 2 Bedroom, 1 Bath apartments across three levels, including an upper unit with a private rear stairway entrance and a dedicated mudroom/storage area. The main level includes a shared storage room for larger items which is accessible to Apartments 2 and 3. Operational highlights include keypad entry, a secured utility room for mechanicals and owner storage, a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater. The property is fully occupied and will included all landlord-owned appliances at closing. Tenants pay for internet and electric in addition to rent. The property is professionally managed by a local management company whom could continue oversight for a new owner if preferred. The property will trade with a fresh Certificate of Occupancy, minimal capital expenditure needs, and strong rental demand in the Geneva market. This stabilized triplex checks all the boxes for investors seeking solid returns and low operational overhead.
Last checked:
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Last updated Jul 15, 2025
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MLS# R1622153 —
The Building
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Year Built:1880
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Year Built Details:Existing
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Construction Materials:Brick
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Architectural Style:Triplex
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Roof:Membrane,Rubber
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Basement:Partial
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Basement:true
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Levels:Two
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Building Area Total:3366.0
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Building Area Source:PublicRecords
Interior
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Interior Features:ProgrammableThermostat
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Flooring:Hardwood,LuxuryVinyl,Tile,Varies
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Fireplace:false
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:3,366 Sqft
Financial & Terms
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Rent Includes:Other,SeeRemarks
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:Resale
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Parcel Number:320500-104-026-0001-046-000-0000
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Lot Features:Rectangular,RectangularLot,ResidentialLot
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Lot Size Dimensions:60X198
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Lot Size Acres:0.28
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Lot Size SqFt:12197.0
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Lot Size Area:0.28
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Lot Size Units:Acres
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Waterfront:false
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Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (585) 337-1764
- Office phone:
- (585) 244-4444
Taxes
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Tax Lot:46
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Tax Annual Amount:5300.0
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Tax Assessed Value:210000
Beds
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Bedrooms Total:6
Baths
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Total Baths:3
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Full Baths:3
Heating & Cooling
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Heating:Gas,HotWater
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Heating:true
Utilities
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Utilities:SewerConnected,WaterConnected
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Sewer:Connected
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Water Source:Connected,Public
Schools
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Elementary School:North Street Elementary
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Elementary School District:Geneva
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Middle Or Junior School:Geneva Middle
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Middle Or Junior School District:Geneva
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High School:Geneva High
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High School District:Geneva
The Community
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Senior Community:false
Parking
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Parking Features:Paved,ParkingAvailable,TwoOrMoreSpaces
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/15/25
Jul 15, 2025
|
Listed / Active | NYSAMLS | $339,000 | 61.4% (31.5% / YR) |
11/27/24
Nov 27, 2024
|
Price Changed | NYSAMLS | ||
11/27/24
Nov 27, 2024
|
Price Changed | NYSAMLS |