142 Erie St · Brockport, NY 14420

$159,900

3 bd · 2.0 ba · 1,558 sqft · MultiFamily public records · 6 Days on market

Built 1950 0.32 ac lot

---

Why this score? — see what drove the D+ 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 +14.9/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• DSCR +4.6/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +3.2/5.0
• 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: 1 unit. estimate disagrees with records

Listing remarks MLS

Well maintained ranch-style duplex on the banks of Erie Canal in a prime Brockport location! The larger unit features 2 bedrooms, spacious living room, dining room, full kitchen, and full bath. The second unit is a bright and spacious studio apartment with a lovely kitchen and full bath. Separate utilities for each unit (water shared). Full basement offers a half bath, work area, and abundant storage space. Recent updates include newer appliances, water heater, garage door, and gutters. Attached 2-car garage adds convenience and additional storage. Excellent opportunity for owner-occupants or investors alike. Walking distance to SUNY Brockport and easy access to downtown via the pedestrian bridge! Currently owner occupied. Delayed negotiations, Offers due June 2nd by noon

Key facts

• Ranch-style duplex
• Newer appliances
• Full basement

Tags

• RANCH-STYLE DUPLEX
• BRIGHT AND SPACIOUS STUDIO
• FULL BASEMENT
• ABUNDANT STORAGE SPACE
• NEWER APPLIANCES
• ATTACHED 2-CAR GARAGE

Property features AI

Exterior

• Parking: Attached garage; 2 garage spaces
• Utilities: Public water connected; Sewer connected
• Home design: Single-story home; Existing construction; Wood siding
• Construction: Wood siding construction; Full basement
• Exterior features: Blacktop driveway; City street frontage; Rectangular residential lot (approx. 0.32 acres, 117 x 115)

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 3 main-level bedrooms
• Flooring: Laminate; Tile; Varies
• Bathrooms: 2 full bathrooms; 1 half bathroom; 2 main-level bathrooms
• Heating & cooling: Gas forced-air heating
• Interior features: Dining area; Den; Separate/formal dining room; Eat-in kitchen; See remarks
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $160k.

Deal economics

• At list price, monthly cash flow is $-8 ($-95/yr) — negative.
• To cash-flow at today's rent, offer at most $158k (0.9% below list).
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $158k (0.9% below list) — sets the bar for cash-flow.
• Cap rate 6.7% vs local median 5.1% in Brockport — 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 73/100 on livability (#313 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: employment D+, crime F, amenities F.
• Brockport Central School District (town): math 45% / reading 55% proficiency, ranked #369 of 590 in NY (top 62%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.7%/yr); 79 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,169 units permitted in Monroe County in 2024 (591 in 5+ unit buildings).
• This rent runs 30% of the median local income ($76k/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 $1k of loan paydown is wiped out by about $5k 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 6 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.
• Current owner paid $125k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; flood insurance adds $56/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,500 (0.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 F 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 6.65%
• Cash-on-cash: 1.28%
• DSCR: 1.06
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -16.9%
• Equity multiple: 0.40×
• Total profit: $-26,672
• Equity at exit: $23,842

10-year hold

• IRR: -9.1%
• Equity multiple: 0.44×
• Total profit: $-24,928
• Equity at exit: $13,825

Cash invested: $44,772 (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 14420

• Home prices YoY: -10.6%
• Rents YoY: 2.7%
• Active inventory: 79
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,901 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$549 /mo · $6,592/yr
• Insurance: −$67
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-8

Break-even live

Break-even rent $1,911

Max offer price $158,500

Occupancy floor 95%

Sensitivity live

Price	-10% $83	-5% $37	+0% $-8	+5% $-53	+10% $-98
Rent	-10% $-158	-5% $-83	+0% $-8	+5% $67	+10% $142
Rate	-1.0pp $73	-0.5pp $33	base $-8	+0.5pp $-49	+1.0pp $-92

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 Ellis Dr Brockport, NY	3.0	1.0–1.5	756	$1,930	$2.55	4d	1	0.82mi
138 Woodlands Way Unit 138 Brockport, NY	3.0	1.5	1100	$1,700	$1.55	13d	1	1.31mi

Listing history 7 events

1. 2026-06-03
   statusdays on market $159,900 Pending 6 DOM
2. 2026-06-01
   days on market $159,900 Active 5 DOM
3. 2026-05-31
   days on market $159,900 Active 4 DOM
4. 2026-05-27
   listed $159,900 Active 782-char remark

   Show marketing remark (782 chars)

   Well maintained ranch-style duplex on the banks of Erie Canal in a prime Brockport location! The larger unit features 2 bedrooms, spacious living room, dining room, full kitchen, and full bath. The second unit is a bright and spacious studio apartment with a lovely kitchen and full bath. Separate utilities for each unit (water shared). Full basement offers a half bath, work area, and abundant storage space. Recent updates include newer appliances, water heater, garage door, and gutters. Attached 2-car garage adds convenience and additional storage. Excellent opportunity for owner-occupants or investors alike. Walking distance to SUNY Brockport and easy access to downtown via the pedestrian bridge! Currently owner occupied. Delayed negotiations, Offers due June 2nd by noon

5. 2026-05-27
   listed $159,900 Active

   Show marketing remark (782 chars)

   Well maintained ranch-style duplex on the banks of Erie Canal in a prime Brockport location! The larger unit features 2 bedrooms, spacious living room, dining room, full kitchen, and full bath. The second unit is a bright and spacious studio apartment with a lovely kitchen and full bath. Separate utilities for each unit (water shared). Full basement offers a half bath, work area, and abundant storage space. Recent updates include newer appliances, water heater, garage door, and gutters. Attached 2-car garage adds convenience and additional storage. Excellent opportunity for owner-occupants or investors alike. Walking distance to SUNY Brockport and easy access to downtown via the pedestrian bridge! Currently owner occupied. Delayed negotiations, Offers due June 2nd by noon

6. 2019-08-28
   soldstatus $125,000
7. 2005-12-15
   soldstatus $95,000

ⓘ 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: $6,592 · $549/mo
• Projected year-2 tax: $6,592 · $549/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,816
• − Mortgage interest: −$8,957
• − Property taxes: −$6,592
• − Insurance: −$1,466
• − Repairs & maintenance: −$1,825
• − Management: −$1,825
• − Depreciation: −$4,652
• Taxable loss: −$2,500
• Est. tax savings @ 24.0%: +$600
• After-tax cash flow: $505/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: Brockport Central School District
• NCES district ID: 3605580
• Math proficiency: 45% ▼ -14.00%
• Reading proficiency: 55% ▲ 1.00%
• Median HH income: $55,571
• Composite: 43.28/100
• National rank: #3044
• State rank: #369 of 590 in NY

Livability — Brockport

• Score: 73/100
• State rank: #313
• US rank: #5216

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brockport, NY
• County: Monroe County · 674,131 people
• City population: 20,375
• Metro: Rochester, NY
• Population (ZIP): 20,375
• Household income: $75,577
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 472.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 7% Black 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -31.08%
• Current HPI: 261.3695
• Rent YoY: ▲ 2.72%
• 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

+68.3% since first listed

4 events — show timeline

• 2026-05-27 Listed $159,900 UNYREIS
• 2026-05-27 Listed $159,900 UNYREIS
• 2019-08-28 Sold (Public Records) $125,000 Public Records
• 2005-12-15 Sold (Public Records) $95,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $6,592 · +2.8% YoY. Source: county tax records.