$339,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $3,187
- Utilities
- $2,008
- Transportation
- $0
- Other (entertainment)
- $138
Quick facts
At a glance
Home features
Lot features
Rectangular, RectangularLot, ResidentialLot
Schools
Neighborhood — 14456
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 22,224 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | 4.00% | 8.00% | 20.00% |
| Population Density | 295 | 395 | — |
| Male | 10,709 | 9,381,926 | 147,432,321 |
| Female | 11,516 | 9,969,168 | 151,655,844 |
| Never Married | 6,152 | 4,946,391 | 63,775,926 |
| Married | 8,352 | 7,166,701 | 123,120,365 |
| Separated | 816 | 1,159,673 | 12,639,686 |
| Widowed | 1,518 | 1,110,245 | 15,467,586 |
| Divorced | 1,671 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 7,998 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.55 | 2.64 | 2.60 |
| Medial Age | 35.94 | 36.53 | 35.46 |
| Median House Hold Income | $40,133 | $49,847 | $48,276 |
| Average House Hold Income | $49,495 | $70,032 | $63,629 |
| P C I | $18,962 | $26,569 | $24,529 |
| M D I | $34,961 | $42,210 | $41,133 |
| A T H E | $43,346 | $54,185 | $50,898 |
| S T R | 7.13% | 4.00% | — |
| W C J | 78.33% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 7/15/2025. Provided courtesy of NORCHAR, LLC via Buffalo MLS. Information deemed reliable but not guaranteed.