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31 Genesee Street, 
Geneva, NY 14456

$339,000


6

Beds


3

Baths


3,366

Sq Ft


Multi-Family

Active

Listed by

Evan Schaefer

Norchar, LLC.

585-244-4444

Last updated:

July 16, 2025, 02:50 PM

MLS#

R1622153

Source:

NY GENRIS

About This Home

31 Genesee Street

Investor Opportunity: 31 Genesee Street in Geneva, NY is a fully occupied, low-capex 3-family property delivering a 10% cap rate on current operations, with an in-place NOI of $32,400/year. The building features three (3) separately metered, 2 Bedroom, 1 Bath apartments across three levels, including an upper unit with a private rear stairway entrance and a dedicated mudroom/storage area. The main level includes a shared storage room for larger items which is accessible to Apartments 2 and 3. Operational highlights include keypad entry, a secured utility room for mechanicals and owner storage, a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater. The property is fully occupied and will included all landlord-owned appliances at closing. Tenants pay for internet and electric in addition to rent. The property is professionally managed by a local management company whom could continue oversight for a new owner if preferred. The property will trade with a fresh Certificate of Occupancy, minimal capital expenditure needs, and strong rental demand in the Geneva market. This stabilized triplex checks all the boxes for investors seeking solid returns and low operational overhead.

Home Facts

Multi-Family

3 Baths

6 Bedrooms

Built in 1880

Price Summary

339,000

$100 per Sq. Ft.

MLS #:

R1622153

Last Updated:

July 16, 2025, 02:50 PM

Added:

16 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,366 Sq. Ft.


Structure

Structure

Architectural Style:

Triplex

Building Area:

3,366 Sq. Ft.

Year Built:

1880


Lot

Lot Size (Sq. Ft):

12,197


Finances & Disclosures

Finances

Price:

$339,000

Price per Sq. Ft:

$100 per Sq. Ft.

Source:NY GENRIS
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