586 Ridgeway Avenue, Rochester, NY 14615

Rochester
Local realty services provided by:HUNT Real Estate ERA
586 Ridgeway Avenue,Rochester, NY 14615
$189,900
  • 6 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: curtis amesbury, sierra adelina mendes
Office: weichert realtors - lilac properties
MLS#:R1650217
Source:NY_GENRIS

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Price summary

  • Price:$189,900

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:109 day(s) ago
  • Updated:February 28, 2026 at 07:08 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Hardwood, Resilient, Varies
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1922
  • Lot Features:Corner Lot, Rectangular
  • Architectural Style:Duplex
  • Construction Materials:Composite Siding, Wood Siding
  • Foundation Description:Block

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$189,900
  • Tax amount:$4,365

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