140 Genesee St · Geneva, NY 14456

$134,900

5 bd · 1.5 ba · 3,280 sqft · SingleFamily public records · 147 Days on market

Built 1890 7,386 sqft lot $41/sqft · 53% below area ↓ 10% since listing

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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 +21.2/30.0
• 1% rule +8.7/10.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• Livability +3.9/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 140 Genesee Street – a grand 3,280 sq ft single-family Greek Revival home, blending timeless charm with key updates. Features include 5 bedrooms, 1.5 baths, total of 10 rooms, hardwood floors, enclosed second-floor porch, full unfinished basement and under house garage. Recent improvements include a new 200-amp electric service. Set on a corner lot, just minutes from downtown Geneva’s shops, restaurants, and schools. A unique opportunity to restore or customize a home with true historic appeal.

Key facts

• Historic appeal
• Hardwood floors
• Corner lot

Tags

• HARDWOOD FLOORS
• ENCLOSED SECOND-FLOOR PORCH
• FULL UNFINISHED BASEMENT
• CORNER LOT
• NEW 200-AMP ELECTRIC SERVICE
• HISTORIC APPEAL

What this means for you Summary

Snapshot

• This is a 5-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.0% in Geneva — 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 (#177 in NY, #2,760 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, crime D+, employment D.
• Geneva City School District (town): math 36% / reading 43% proficiency, ranked #528 of 590 in NY (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 122 active listings in the ZIP; 284 units permitted in Ontario County in 2024 (69 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Ontario County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.5% of price; built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.37% ✓
• Cap rate: 8.02%
• Cash-on-cash: 6.18%
• DSCR: 1.27
• GRM: 6.1

CMA / ARV

• ARV (median comp): $284,000
• List price: $134,900
• Delta: -52.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 N Main St	0.16mi	5/3.0	3,032 (-8%)	14mo	$195,000	$64	62
51 Sherrill St	0.47mi	5/3.5	3,100 (-6%)	5mo	$290,000	$94	56
3 N Genesee St	0.35mi	6/2.5 (+1)	3,718 (+13%)	3mo	$278,000	$75	50
253 Washington St	0.72mi	5/2.5	2,856 (-13%)	17mo	$294,900	$103	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -6.6%
• Equity multiple: 0.76×
• Total profit: $-9,248
• Equity at exit: $20,114

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $8,829
• Equity at exit: $11,664

Cash invested: $37,772 (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 14456

• Home prices YoY: -15.8%
• Active inventory: 122
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,846 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$501 /mo · $6,007/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $194

Break-even live

Break-even rent $1,600

Max offer price $134,900

Occupancy floor 84%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-17
   status $134,900 Pending 147 DOM
2. 2026-06-17
   days on market $134,900 Active 147 DOM
3. 2026-06-16
   days on market $134,900 Active 146 DOM
4. 2026-06-15
   days on market $134,900 Active 145 DOM
5. 2026-06-13
   days on market $134,900 Active 143 DOM
6. 2026-06-12
   days on market $134,900 Active 142 DOM
7. 2026-06-09
   days on market $134,900 Active 139 DOM
8. 2026-06-08
   days on market $134,900 Active 138 DOM
9. 2026-06-07
   days on market $134,900 Active 137 DOM
10. 2026-06-07
    days on market $134,900 Active 136 DOM
11. 2026-06-04
    days on market $134,900 Active 133 DOM
12. 2026-06-02
    days on market $134,900 Active 132 DOM
13. 2026-06-01
    days on market $134,900 Active 131 DOM
14. 2026-05-31
    days on market $134,900 Active 130 DOM
15. 2026-05-18
    price $134,900 522-char remark

    Show marketing remark (522 chars)

    Welcome to 140 Genesee Street – a grand 3,280 sq ft single-family Greek Revival home, blending timeless charm with key updates. Features include 5 bedrooms, 1.5 baths, total of 10 rooms, hardwood floors, enclosed second-floor porch, full unfinished basement and under house garage. Recent improvements include a new 200-amp electric service. Set on a corner lot, just minutes from downtown Geneva’s shops, restaurants, and schools. A unique opportunity to restore or customize a home with true historic appeal.

16. 2026-04-30
    price $139,900 522-char remark

    Show marketing remark (522 chars)

    Welcome to 140 Genesee Street – a grand 3,280 sq ft single-family Greek Revival home, blending timeless charm with key updates. Features include 5 bedrooms, 1.5 baths, total of 10 rooms, hardwood floors, enclosed second-floor porch, full unfinished basement and under house garage. Recent improvements include a new 200-amp electric service. Set on a corner lot, just minutes from downtown Geneva’s shops, restaurants, and schools. A unique opportunity to restore or customize a home with true historic appeal.

17. 2026-03-02
    status Active 522-char remark

    Show marketing remark (522 chars)

    Welcome to 140 Genesee Street – a grand 3,280 sq ft single-family Greek Revival home, blending timeless charm with key updates. Features include 5 bedrooms, 1.5 baths, total of 10 rooms, hardwood floors, enclosed second-floor porch, full unfinished basement and under house garage. Recent improvements include a new 200-amp electric service. Set on a corner lot, just minutes from downtown Geneva’s shops, restaurants, and schools. A unique opportunity to restore or customize a home with true historic appeal.

18. 2026-03-01
    historical 522-char remark

    Show marketing remark (522 chars)

    Welcome to 140 Genesee Street – a grand 3,280 sq ft single-family Greek Revival home, blending timeless charm with key updates. Features include 5 bedrooms, 1.5 baths, total of 10 rooms, hardwood floors, enclosed second-floor porch, full unfinished basement and under house garage. Recent improvements include a new 200-amp electric service. Set on a corner lot, just minutes from downtown Geneva’s shops, restaurants, and schools. A unique opportunity to restore or customize a home with true historic appeal.

19. 2026-01-19
    listed $149,900 Active 522-char remark

    Show marketing remark (522 chars)

    Welcome to 140 Genesee Street – a grand 3,280 sq ft single-family Greek Revival home, blending timeless charm with key updates. Features include 5 bedrooms, 1.5 baths, total of 10 rooms, hardwood floors, enclosed second-floor porch, full unfinished basement and under house garage. Recent improvements include a new 200-amp electric service. Set on a corner lot, just minutes from downtown Geneva’s shops, restaurants, and schools. A unique opportunity to restore or customize a home with true historic appeal.

ⓘ 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: $6,007 · $501/mo
• Projected year-2 tax: $6,007 · $501/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,155
• − Mortgage interest: −$7,556
• − Property taxes: −$6,007
• − Insurance: −$674
• − Repairs & maintenance: −$1,772
• − Management: −$1,772
• − Depreciation: −$3,924
• Taxable income: $449
• Est. tax owed @ 24.0%: −$108
• After-tax cash flow: $2,225/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: Geneva City School District
• NCES district ID: 3611970
• Math proficiency: 36% ▲ 3.00%
• Reading proficiency: 43% ▲ 11.00%
• Median HH income: $44,012
• Composite: 33.48/100
• National rank: #5448
• State rank: #528 of 590 in NY

Livability — Geneva

• Score: 78/100
• State rank: #177
• US rank: #2760

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Geneva, NY
• Population (ZIP): 19,864

Population outlook (Ontario County) Hauer SSP2

• Today (2025): 111,230 people
• By 2030: 111,401 · +0.2%
• By 2040: 109,535 · -1.5%
• By 2050: 104,895 · -5.7%
• By 2075: 92,999 · -16.4%
• By 2100: 73,723 · -33.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 13% Two or more races 7% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9%
• Common ancestry: Iranian 5% Slovak 3% Italian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 87% English-only · Spanish 7% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Ontario

• 2024 margin: Toss-up / Even · D 49.4% · R 50.6%
• 2008→2024 swing: -1.0pp toward R · 2008: -0.1pp · 2024: -1.2pp
• All cycles: 2024: R+1.2 2020: R+0.0 2016: R+8.6 2012: R+1.6 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.56%
• Current HPI: 307.9168
• Rent YoY: —
• Metro: —
• 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

-10.0% since first listed

5 events — show timeline

• 2026-05-18 Price Changed $134,900 WNYREIS
• 2026-04-30 Price Changed $139,900 WNYREIS
• 2026-03-02 Relisted — WNYREIS
• 2026-03-01 Listing Removed — WNYREIS
• 2026-01-19 Listed $149,900 WNYREIS

Property tax history

+18.7%/yr

Latest (2025): $6,007 · +0.3% YoY. Source: county tax records.