46 Boardman Street
About This Property
Discover this well-maintained two-unit multi-family property located in the highly desirable Pearl-Meigs-Monroe neighborhood of Rochester, NY. This classic city duplex offers two spacious 2-bedroom, 1-bath units - perfect for investors looking to grow their portfolio or owner-occupants seeking rental income.
Each unit features a comfortable layout with a mix of hardwood and vinyl flooring, combining timeless charm with easy maintenance. The kitchens and baths are functional and well-kept, and each unit enjoys ample natural light and generous living space.
One unit is currently tenant-occupied, providing immediate rental income, while the other is vacant and ready for occupancy - an ideal setup for a new owner to move in or place their own tenant at market rent.
Professionally managed by a reputable local team with a proven track record of success, this property offers peace of mind and hassle-free ownership.
Located just minutes from downtown Rochester, local eateries, parks, and public transportation, this property sits in a vibrant and walkable neighborhood with strong rental demand.
Highlights:
2 Units: Each with 2 Beds / 1 Bath
Hardwood & Vinyl Flooring Throughout
One Unit Vacant, One Occupied
Professionally Managed
Prime Pearl-Meigs-Monroe Location
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/23/2025
| |
4 Bed
|
2 Bath
|
2208 ft²
|
$265,000
4 Bed
2 Bath
2208 ft²
|
$242,500
-8.49%
06/27/2025
|
Richard Tyson
Rise Real Estate Services LLC
|
Building Info
About Pearl-Meigs-Monroe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017