Discover a turn-key investment opportunity at 72 Madison St, a recently updated two-family home currently rented at strong market rates and delivering immediate, reliable cash flow. With modern improvements already completed and solid, long-term tenancy in place, this property offers a low-maintenance and high-performing addition to any real estate portfolio. Ideally situated near local colleges, Seneca Lake, the NYS Wine Trail, popular coffee shops, parks, and everyday amenities, this property sits in a high-demand area known for consistent rental interest. Its desirable location—paired with quality updates—helps ensure lasting tenant appeal and reduced vacancy risk. Whether you’re a seasoned investor or entering the market for the first time, 72 Madison St presents a rare opportunity to acquire a well-performing asset in a desirable and growing region.
Multi-familyProperty Type
1900Year Built
5,170 sq ftLot Size
$100Price/Sq.Ft.
2 spacesParking
Listing by Mark Bellucci• Acropolis Realty Group LLC
•315-396-0493 (broker)
•sfcase@gmail.com (broker)
Bought with John Parrott• Coldwell Banker Finger Lakes
Great opportunity for an investor looking to grow their portfolio. This 2 unit offers off street parking, separate utilities and a fully fenced yard. The upper unit consists of 3 bedrooms with a large enclosed back porch and newer boiler. The lower apartment is also a 3 unit with formal dining and front porch. Located close to the colleges.
UNYREIS #R178595
Sep 17, 2012
Sold
$70,000
$35/sq ft
Mar 13, 2012
Listed
$74,900
$37/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,392
$5,900 + $119,000
$124,900
2025
$4,392 (−2.4%)
$5,900 + $119,000
$124,900
2024
$4,499 (+8.6%)
$5,900 + $119,000
$124,900
2023
$4,142 (+3.0%)
$5,900 + $80,600
$86,500
2022
$4,021 (+4.3%)
$5,900 + $80,600
$86,500
2021
$3,853 (+0.6%)
$5,900 + $80,600
$86,500
2020
$3,832 (+117.4%)
$5,900 + $80,600
$86,500
2018
$1,763 (+4.4%)
$4,500 + $73,000
$77,500
2017
$1,689
$4,500 + $73,000
$77,500
2016
$1,688 (+7.5%)
$4,500 + $73,000
$77,500
2015
$1,570 (+0.5%)
$4,500 + $73,000
$77,500
2014
$1,562
$4,500 + $65,500
$70,000
Public record
Beds
5
Baths
2
Stories
2
Lot width
47 ft.
Lot depth
110 ft.
Lot size
5,170 Sq. Ft.
Year renovated
—
Sq. Ft.
2,008
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Ontario County
APN
320500A10406500010080000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Property details
Parking
Parking
Features: Two Or More Spaces
Interior
Bathroom Information
# of Full Bathrooms: 2
Room Information
Has Basement
Basement Information: Full
Equipment
Appliances: Gas Water Heater
Interior Features
Flooring: Varies, Vinyl
Multi Unit Information
# Of Units Total: 2
# Of Units In Community: 2
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 2
Multi Unit Financial Information
Operating Expense Includes: Professional Management, Water/Sewer
Unit Type 1
Unit Description: ,Eat-In Kitchen
# of Bedrooms: 3
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Total Rent: $1,363
Actual Rent: $1,363
Actual Rent Range: 1363
Unit Type 2
Unit Description: ,Eat-In Kitchen
# of Bedrooms: 3
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Total Rent: $1,250
Actual Rent: $1,250
Actual Rent Range: 1250
Exterior
Building Information
Stories: 2
Stories (Total): 2
Year Built Details: Existing
Construction Details: Vinyl Siding
Lot Information
Lot Size Area: 0.1187
Lot Size Acres: 0.1187
Lot Size Dimensions: 47X110
Lot Features: Rectangular, Rectangular Lot, Residential Lot
Road Frontage Type: City Street
Property Information
Resale
Financial
Assessments and Fees
Assessed Value: $124,900
Tax Information
Annual Tax Amount: $4,499
Rental Information
Owner Pays: Water
Rent Includes: Water
Utilities
Utility Information
Utilities: Sewer Connected, Water Connected
Sewer: Connected
Water Source: Connected, Public
Heating & Cooling
Has Heating
Heating: Gas, Forced Air
Public facts
Beds: 5
Baths: 2.0
Sq. Ft.: 2,008
Stories: 2.0
Lot Size: 5,170 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Ontario County
APN: 320500A10406500010080000000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
West Street Elementary School
Public K-2 • Assigned • 0.5mi
Geneva Middle School
Public 6-8 • Assigned • 1.3mi
6/10
Geneva High School
Public 9-12 • Assigned • 1.3mi
5/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Geneva, NY • 14456
Average low and high temperatures (°F)
30
21
33
21
50
32
59
40
66
49
79
61
85
67
79
62
76
57
63
46
49
37
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 2.4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
2.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$213,000 – $258,000
Sell confidently with a local market expert in Geneva.