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586 Ridgeway Avenue, Rochester, NY 14615

$189,900
: 6
BD
: 2
BA
: 2,458
SqFt

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Sold Price: $189,900
List Price: $179,900
Status: CLOSED
MLS#: R1650217
Closing Date: Feb 10, 2026
Year Built: 1922
Bedrooms: 6
Bathrooms: 2
Acres: 0.12
Living Area: 2,458
Subdivision: Summit Grove
Region: Rochester City
Neighborhood: Summit Grove

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Property Description

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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Additional Information

Taxes: $4,365
Style: Duplex
School District: Rochester
Water: Connected, Public
Sewer: Connected
Garage Spaces: 2