$179,900

586 Ridgeway Avenue, Rochester, NY 14615

  • 6 beds |
  • 2 baths |
  • 2,458 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon5,210sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $73/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Pending
Date Added:
November 10, 2025 at 06:00AM
Listing Office:
Weichert Realtors - Lilac Properties : 585-613-4606
Listing Agent:
Curtis Amesbury : 585-613-4606
MLS ID:
R1650217
  • Appliances: Gas Water Heater
  • Basement: Full
  • Flooring: HardwoodResilientVaries
  • Heating: GasForced Air
  • Fireplace: Fireplaces: 0
  • Style: Duplex
  • Parking: PavedTwo or More Spaces
  • Roofing: Asphalt
  • Windows: Thermal Windows
  • General: Aluminum SidingComposite SidingWood Siding2Block
  • Road/Access: Main Thoroughfare
  • Originating MLS: NYS_R
  • School District: Rochester
  • County: Monroe
  • Zoning: 261400-090-400-0002-077-000-0000
  • Utilities: Cable AvailableSewer ConnectedWater ConnectedCircuit Breakers
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_R

This listing courtesy of Curtis Amesbury, Weichert Realtors - Lilac Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rise Community School

279 W Ridge Rd, Rochester, NY, 14615

Grades PK-6

0.55 miles away

S

School 8-Roberto Clemente

1180 Saint Paul St, Rochester, NY, 14621

Grades PK-8

1.59 miles away

E

Edison Career and Technology High School

655 Colfax St, Rochester, NY, 14606

Grades 9-12

1.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.