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.
TownhomeProperty Type
1922Year Built
5,210 sq ftLot Size
$88Est. Price/Sq.Ft.
2 car garageParking
Listing by Curtis Amesbury• Weichert Realtors - Lilac Properties
•585-613-4606 (broker)
•camesbury@cemproperty.com (broker)
Listing by Sierra Mendes• Weichert Realtors - Lilac Properties
•585-613-4606 (broker)
•camesbury@cemproperty.com (broker)
Contact: 585-613-4606
Bought with Jesse Sanfilippo• Keller Williams Realty Greater Rochester
Listing by Hunt Real Estate ERA/Columbus, (585) 352-7866
See all
Provided by Redfin
Sale history for 586 Ridgeway Ave
Date
Event
Price
UNYREIS #R1650217
Feb 10, 2026
Sold
$189,900
$77/sq ft
Nov 13, 2025
Pending
—
Nov 10, 2025
Listed
$179,900
$73/sq ft
UNYREIS #R1528824
Jun 13, 2024
Sold
$159,900
$65/sq ft
Mar 30, 2024
Pending
—
Mar 29, 2024
Listed
$159,900
$65/sq ft
Beautifully maintained Large 2 unit, side by side units, with each unit having 3 bedroom units with full baths, dining room, living room, eat-in kitchen, basement and attic space. 2 car garage. Each unit has a garage space. Appliances remain. Fully rented.
UNYREIS #R1311570
Feb 26, 2021
Sold
$102,000
$41/sq ft
Jan 22, 2021
Pending
—
Dec 15, 2020
Listed
$94,900
$39/sq ft
Large 3 bedroom units with full baths, dining room, living room, eat in kitchen, basement and attic space. Along with 2 car garage. Each unit shares one side of garage and space behind. Appliances in Kitchen remain. Furnace in front unit is 1 year old, age of furnace for back unit unknown. Hot water tanks approx. 6 years old. Parts of roof replaced 2019, both plywood and shingle. New carpet in back unit new 2019. Some new windows 3-4 years ago. Rents are $710 in back, and $700 in front. Saturday showings preferred by front tenants.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
40 ft.
Lot depth
130 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Townhouse
County
Monroe County
APN
261400-090-400-0002-077-000-0000
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
—
Features
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Last updated by owner on Apr 16, 2026.
R-1
Low-Density Residential District
The R-1 Low-Density Residential District is intended to maintain residential areas at relatively low densities. The R-1 District is a distinct urban area that is characterized predominantly by owner-occupied, single-family detached and attached homes but often contains a diverse mix of other preexisting higher-density residential uses. Each R-1 neighborhood is unique in character, composition and scale. The district requirements are intended to preserve and promote neighborhoods characterized by unobstructed front yards and pedestrian-scale streetscapes and to protect against undesirable uses and residential conversions.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Office
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 2
Parking
Features: Paved, 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
Window Features: Thermal Windows
Flooring: Hardwood, Resilient, Varies
Exterior
Building Information
Stories (Total): 2
Year Built Details: Existing
Roof Details: Asphalt
Construction Details: Aluminum Siding, Composite Siding, Wood Siding
Lot Information
Lot Size Area: 0.1196
Lot Size Acres: 0.1196
Lot Size Dimensions: 40X130
Lot Features: Corner Lot, Rectangular, Rectangular Lot
Road Frontage Type: Main Thoroughfare
Property Information
Foundation Details: Block
Resale
Financial
Assessments and Fees
Assessed Value: $129,200
Tax Information
Annual Tax Amount: $4,365
Rental Information
Owner Pays: Snow Removal, Trash Collection, Water
Tenant Pays: All Utilities
Rent Includes: Snow Removal, Trash Collection, Water
Utilities
Utility Information
Utilities: Cable Available, Sewer Connected, Water Connected