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    The Largest CRE Database in the US with Over 1 Million Listings

    416 Central Ave Rochester, NY 14605

    Sponsored
    For Sale
    $199,999

    MULTI_FAMILY - Other - Rochester, NY

    Property size:
    4,331 SF
    Lot size:
    0.11 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 416 Central Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 2, Basement, Bedroom 1, Bathroom 2, Bathroom 1
    Bedrooms
    2
    Bathrooms
    2
    APN
    261400-106-640-0001-048-000-0000
    Interior features
    ProgrammableThermostat
    Appliances
    GasWaterHeater
    Size
    4,331 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Varies, Hardwood
    Building materials
    BlownInInsulation, Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Evan Schaefer
    Evan Schaefer

    NORCHAR (585) 333-2906

    Listing agent Evan Schaefer (585) 244-4444 License #10301220657

    Listing date Feb 17, 2026

    MLS# R1633302 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Center City District

    Located in the heart of the Center City District, this 4,331 square foot up/down duplex presents a unique investment opportunity for an owner-occupant. The property features flexible zoning and on-site storage space. Most recently, it has been utilized as a short/mid-term rental, with the owner using the back of the building for storage. A private, gated concrete driveway and rear yard, enhanced with Edison-style lights, provide secure storage, outdoor dining space, or tenant parking. Central Avenue also offers ample street parking. The first-floor unit is currently tenant-occupied on a month-to-month basis. The second floor is vacant, making it ideal for owner occupancy or additional rental income. Zoned within the CCD-B (Center City Base District), the property allows for a wide variety of uses. The current transferable Certificate of Occupancy reflects a two-family dwelling with storage. Previously, the building operated as office and storage space prior to its residential conversion, offering future owners multiple pathways for use or repositioning. In the late 1980s, the location housed a restaurant, further indicating the zoning district's potential allowances. Interior features include a forced-air furnace (approximately 10 years old), similarly aged water tanks, a 200 AMP electrical service, laundry facilities, and a dry basement for additional storage. Recent capital improvements include a roof (approximately 15 years old), new gutters (planned for 2025), and new attic insulation (installed in 2022). A climate-controlled storage area/workshop, approximately 500 square feet, is located at the rear of the building. The property is located near the Inner Loop connecting to I-490, Amtrak, the Rochester Public Market, Blue Cross Arena, Innovative Field, and the Strong Museum of Play. It is situated on a 0.11-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.60595
    Latitude
    43.163076

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    FAQs

    What type of property is this?
    Live-work space - Mixed-use property with residential income potential in Rochester, NY.
    Where is this live-work space located?
    The property is located at 416 Central Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: - Unique investment opportunity in the heart of the Center City District with flexible CCD-B zoning.; - Up/down duplex configuration (4,331 SF) offers residential income potential; second floor is currently vacant.; - Includes a ~500 SF climate-controlled storage area/workshop, ideal for various uses, potentially generating supplemental rental income.
    (585) 337-1764
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    416 Central Ave Rochester, NY 14605
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    Rochester, NY 14605
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    416 Central Ave Rochester, NY 14605
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    We can help!
    Listing Contact
    Evan Schaefer
    Evan Schaefer
    Real Estate License ID: 10301220657
    (585) 337-1764 (585) 244-4444
    Learn more
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