Courtesy: Century 21 Steve Davoli RE
315-789-4569
Offered to the open market for the first time in over 160 years, this circa 1862 brick colonial is a rare opportunity to own a piece of Geneva’s rich history. Built by Thomas Smith, co-founder of the W & T Smith Nursery Company, this stately residence was the first grand home on Castle Street and has remained in the Smith family for generations. Spanning 4,700+ sq. ft. and set on nearly 2 acres, this home offers 5 to 7 bedrooms, 3.5 bathrooms, and an original two-story carriage house. Perfect as a single-family residence or an exceptional Bed & Breakfast, the property combines timeless character with extensive modern updates. The home has recently undergone a comprehensive renovation, including a brand-new roof, complete re-wiring, all new plumbing, renovated bathrooms, and a brand-new kitchen designed for today’s lifestyle. Original wood flooring has been beautifully refinished, and the entire home has been freshly painted, providing a move-in-ready experience while preserving historic charm. Steeped in history, this residence reflects the legacy of the Smith family, who immigrated from England in the 1830s and built one of Geneva’s most influential businesses. The nursery they founded flourished across Castle Street, and the family’s grand homes became neighborhood landmarks. Thomas Smith’s residence, completed in 1862, was the first of these remarkable properties, later joined by others built by his brother William Smith, founder of William Smith College, and Thomas’s son. The elegant architecture, generous room sizes, and carriage house create endless possibilities for the next owner. Whether you envision a private family retreat, a boutique inn, or a blend of historic living and modern convenience, 546 Castle Street offers unmatched potential and a chance to continue a legacy over a century in the making.
Courtesy: NORCHAR, LLC
585-244-4444
Investor Opportunity: 31 Genesee Street in Geneva, NY is a fully occupied, low-capex 3-family property delivering a 11% cap rate on current operations, with an in-place NOI of $34,575/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.
Geneva is located in New York. Geneva, New York has a population of 12,577. Geneva is less family-centric than the surrounding county with 22.04% of the households containing married families with children. The county average for households married with children is 28.73%.
The median household income in Geneva, New York is $56,019. The median household income for the surrounding county is $70,694 compared to the national median of $69,021. The median age of people living in Geneva is 30.2 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 16.8 degrees. The average rainfall is approximately 34.8 inches per year, with 58.3 inches of snow per year.
