485 Meigs Street, Rochester, NY 14607
- Added:
- May 5, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 27 at 7:06 am
Property Features for 485 Meigs Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 261400-121-570-0003-040-000-0000
- Size
- 1,900 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6800
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Carpet, Tile
- Architectural style
- Other
Listing agent Scott G. Tantalo License #10301209654 (585) 259-8627
Listing office Keller Williams Realty Greater Rochester 1770 Long Pond Road, Rochester, NY (585) 758-8400
Listing date May 5, 2026
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.
HighLights
- Two‑family home built in 1850 with a 2 bed/1 bath upper unit and a 1 bed/1 bath lower unit
- Upper unit is rented month‑to‑month for $1,200 to a long‑term tenant
- Lower unit rented for $1,200/month and is listed on Furnished Finder; sold fully furnished
- Basement includes coin‑operated laundry for added income
- Gleaming hardwood floors throughout both units; additional flooring includes tile and carpet
- Utilities and services: public water, forced‑air natural gas heat, gas water heater, and 150‑amp service; designated off‑street parking and two‑car garage
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $17.40 |
| − Vacancy | −$1.8k | −$0.96 |
| EGI | $31.2k | $16.44 |
| − OpEx | −$9.4k | −$4.93 |
| NOI | $21.9k | $11.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.59642
- Latitude
- 43.144862
