247 W Ivy St · East Rochester, NY 14445

$225,000

4 bd · 2.0 ba · 1,336 sqft · MultiFamily public records · 10 Days on market

Built 1950 10,454 sqft lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.3/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• DSCR +6.8/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Don’t miss this awesome duplex opportunity in East Rochester. This ranch-style home offers 1,336 sq ft with two separate living spaces, making it a great option for an owner-occupant, investor, or anyone looking for a multi-generational setup. The main upstairs unit features beautifully updated hardwood floors and luxury vinyl plank, along with a spacious open kitchen, full bathroom, and three comfortable bedrooms. Downstairs has its own private entrance and includes a one bedroom, one bathroom setup with a full kitchen, perfect for an in-law suite, rental income, or guest space. You’ll also find a one car garage and a fully fenced 0.24 acre backyard with plenty of room to relax, entertain, or make it your own. This property has a ton of flexibility and potential depending on what you’re looking to do. Group showings 4/2 from 4-6pm, 4/4 from 12-3pm and 4/7 from 4-6pm. Delayed Negotiations 4/8 at 12pm. There is also a tax rebate incentive included in the attachments to convert this property back to a single family home.

Key facts

• 0.24 acre lot
• Garage
• Built 1950

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $225k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive. Per door: $165/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 8.1% vs local median 4.5% in East Rochester — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#155 in NY, #2,400 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment D+, crime D.
• East Rochester Union Free School District (suburban): math 50% / reading 51% proficiency, ranked #371 of 590 in NY (top 63%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: East Rochester Elementary School (math 42% / reading 57%, grade D, #1,085 of 2,108 statewide, top 56%, 458 students, 48% FRL); East Rochester Junior-Senior High School (math 57% / reading 47%, grade D+, #946 of 1,100 statewide, top 88%, 515 students, 51% FRL).
• Market conditions: 35 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,169 units permitted in Monroe County in 2024 (591 in 5+ unit buildings).
• This rent runs 44% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Monroe County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $225,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.30%
• DSCR: 1.28
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.76×
• Total profit: $-15,219
• Equity at exit: $33,548

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $14,616
• Equity at exit: $19,454

Cash invested: $63,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14445

• Home prices YoY: -9.5%
• Active inventory: 35
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $2,688 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$519 /mo · $6,231/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$564
• Net cashflow: $331

Break-even live

Break-even rent $2,270

Max offer price $225,000

Occupancy floor 83%

Sensitivity live

Price	-10% $458	-5% $394	+0% $331	+5% $267	+10% $203
Rent	-10% $118	-5% $224	+0% $331	+5% $437	+10% $543
Rate	-1.0pp $444	-0.5pp $388	base $331	+0.5pp $272	+1.0pp $213

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,688
Total (2 units)			$2,688

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
214 E Spruce St East Rochester, NY	3.0	1.0	972	$1,750	$1.80	46d	1	0.66mi
223 E Filbert St East Rochester, NY	3.0	1.5	1512	$2,475	$1.64	5d	1	0.70mi
214 Magnolia Ave East Rochester, NY	3.0	1.0	1200	$1,600	$1.33	26d	1	0.77mi
218 1/2 Magnolia Ave East Rochester, NY	3.0	1.5	1200	$1,400	$1.17	46d	1	0.78mi
330 E Chestnut St East Rochester, NY	3.0	2.0	1200	$2,100	$1.75	13d	1	0.91mi
405 Garfield Ave East Rochester, NY	3.0	1.0	1228	$2,000	$1.63	5d	1	0.98mi

Listing history 4 events

1. 2026-04-11
   status Pending 1052-char remark

   Show marketing remark (1052 chars)

   Don’t miss this awesome duplex opportunity in East Rochester. This ranch-style home offers 1,336 sq ft with two separate living spaces, making it a great option for an owner-occupant, investor, or anyone looking for a multi-generational setup. The main upstairs unit features beautifully updated hardwood floors and luxury vinyl plank, along with a spacious open kitchen, full bathroom, and three comfortable bedrooms. Downstairs has its own private entrance and includes a one bedroom, one bathroom setup with a full kitchen, perfect for an in-law suite, rental income, or guest space. You’ll also find a one car garage and a fully fenced 0.24 acre backyard with plenty of room to relax, entertain, or make it your own. This property has a ton of flexibility and potential depending on what you’re looking to do. Group showings 4/2 from 4-6pm, 4/4 from 12-3pm and 4/7 from 4-6pm. Delayed Negotiations 4/8 at 12pm. There is also a tax rebate incentive included in the attachments to convert this property back to a single family home.

2. 2026-04-11
   status Pending

   Show marketing remark (1052 chars)

   Don’t miss this awesome duplex opportunity in East Rochester. This ranch-style home offers 1,336 sq ft with two separate living spaces, making it a great option for an owner-occupant, investor, or anyone looking for a multi-generational setup. The main upstairs unit features beautifully updated hardwood floors and luxury vinyl plank, along with a spacious open kitchen, full bathroom, and three comfortable bedrooms. Downstairs has its own private entrance and includes a one bedroom, one bathroom setup with a full kitchen, perfect for an in-law suite, rental income, or guest space. You’ll also find a one car garage and a fully fenced 0.24 acre backyard with plenty of room to relax, entertain, or make it your own. This property has a ton of flexibility and potential depending on what you’re looking to do. Group showings 4/2 from 4-6pm, 4/4 from 12-3pm and 4/7 from 4-6pm. Delayed Negotiations 4/8 at 12pm. There is also a tax rebate incentive included in the attachments to convert this property back to a single family home.

3. 2026-03-31
   listed $225,000 Active 1052-char remark

   Show marketing remark (1052 chars)

   Don’t miss this awesome duplex opportunity in East Rochester. This ranch-style home offers 1,336 sq ft with two separate living spaces, making it a great option for an owner-occupant, investor, or anyone looking for a multi-generational setup. The main upstairs unit features beautifully updated hardwood floors and luxury vinyl plank, along with a spacious open kitchen, full bathroom, and three comfortable bedrooms. Downstairs has its own private entrance and includes a one bedroom, one bathroom setup with a full kitchen, perfect for an in-law suite, rental income, or guest space. You’ll also find a one car garage and a fully fenced 0.24 acre backyard with plenty of room to relax, entertain, or make it your own. This property has a ton of flexibility and potential depending on what you’re looking to do. Group showings 4/2 from 4-6pm, 4/4 from 12-3pm and 4/7 from 4-6pm. Delayed Negotiations 4/8 at 12pm. There is also a tax rebate incentive included in the attachments to convert this property back to a single family home.

4. 2026-03-31
   listed $225,000 Active

   Show marketing remark (1052 chars)

   Don’t miss this awesome duplex opportunity in East Rochester. This ranch-style home offers 1,336 sq ft with two separate living spaces, making it a great option for an owner-occupant, investor, or anyone looking for a multi-generational setup. The main upstairs unit features beautifully updated hardwood floors and luxury vinyl plank, along with a spacious open kitchen, full bathroom, and three comfortable bedrooms. Downstairs has its own private entrance and includes a one bedroom, one bathroom setup with a full kitchen, perfect for an in-law suite, rental income, or guest space. You’ll also find a one car garage and a fully fenced 0.24 acre backyard with plenty of room to relax, entertain, or make it your own. This property has a ton of flexibility and potential depending on what you’re looking to do. Group showings 4/2 from 4-6pm, 4/4 from 12-3pm and 4/7 from 4-6pm. Delayed Negotiations 4/8 at 12pm. There is also a tax rebate incentive included in the attachments to convert this property back to a single family home.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $6,231 · $519/mo
• Projected year-2 tax: $6,231 · $519/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $32,256
• − Mortgage interest: −$12,603
• − Property taxes: −$6,231
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,580
• − Management: −$2,580
• − Depreciation: −$6,545
• Taxable income: $590
• Est. tax owed @ 24.0%: −$142
• After-tax cash flow: $3,825/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: East Rochester Union Free School District
• NCES district ID: 3609930
• Math proficiency: 50% ▼ -16.00%
• Reading proficiency: 51% ▲ 5.00%
• Median HH income: $50,308
• Composite: 43.23/100
• National rank: #3058
• State rank: #371 of 590 in NY

Livability — East Rochester

• Score: 78/100
• State rank: #155
• US rank: #2400

Category grades

Amenities A+ Commute B+ Cost of living A+ Crime D Employment D+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Rochester, NY
• County: Monroe County · 674,131 people
• City population: 7,529
• Metro: Rochester, NY
• Population (ZIP): 7,529
• Household income: $73,625
• Rent vs Own: 40.2% rent · 59.8% own
• Severe rent burden: 216.0

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 759,460 people
• By 2030: 757,154 · -0.3%
• By 2040: 740,644 · -2.5%
• By 2050: 714,443 · -5.9%
• By 2075: 645,883 · -15.0%
• By 2100: 547,084 · -28.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Black 3% Two or more races 3%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 4% Portuguese 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Tagalog/Filipino 1%

Political lean MEDSL · Monroe

• 2024 margin: D (+19.1) · D 59.5% · R 40.5%
• 2008→2024 swing: +1.4pp toward D · 2008: 17.7pp · 2024: 19.1pp
• All cycles: 2024: D+19.1 2020: D+21.0 2016: D+14.1 2012: D+17.4 2008: D+17.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -28.80%
• Current HPI: 273.7033
• Rent YoY: —
• Metro: Rochester, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+0.0% since first listed

4 events — show timeline

• 2026-04-11 Pending — UNYREIS
• 2026-04-11 Pending — UNYREIS
• 2026-03-31 Listed $225,000 UNYREIS
• 2026-03-31 Listed $225,000 UNYREIS

Property tax history

+16.8%/yr

Latest (2025): $6,231 · +118.5% YoY. Source: county tax records.