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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 7/15/2025 |
|---|---|---|---|
| YEAR BUILT | 1880 | COMMUNITY | Geneva-City-320500 |
| COUNTY | Ontario | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Geneva |
|---|---|
| Elementary School | North Street Elementary |
| Jr. High School | Geneva Middle |
| High School | Geneva High |
| ADDITIONAL DETAILS | |
| AREA | Geneva-City-320500 |
|---|---|
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Brick |
| HEAT | Gas, Hot Water |
| INTERIOR | Programmable Thermostat |
| LOT | 0.28 acre(s) |
| LOT DESCRIPTION | Rectangular, Rectangular Lot, Residential Lot |
| LOT DIMENSIONS | 60x198 |
| PARKING | Paved,Parking Available,Two or More Spaces |
| SEWER | Connected |
| STORIES | 2 |
| STYLE | Triplex |
| TAXES | 5300 |
| UTILITIES | Sewer Connected,Water Connected, |
| WATER | Connected,Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Evan Schaefer, NORCHAR, LLC
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2025.
