Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    636 University Ave, Unit 3 Rochester, NY 14607

    View on Map
    Sponsored
    For Sale
    $399,900

    MULTI_FAMILY - Other - Rochester, NY

    Property size:
    3,175 SF
    Lot size:
    0.09 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 12 at 12:06 am

    Property Features for 636 University Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Drapes
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Basement
    Bedrooms
    7
    Bathrooms
    3
    APN
    261400-121-270-0002-054-000-0000
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    CeilingFans, WindowTreatments, ProgrammableThermostat
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Size
    3,175 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Tile, Laminate, Hardwood, Varies, Carpet
    Building materials
    WoodSiding, CopperPlumbing, PexPlumbing
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jerome Davis
    Jerome Davis

    Empire Realty Group (585) 746-9196

    Listing agent Jerome Davis (585) 347-4900 License #30DA0957272

    Listing date Mar 12, 2026

    MLS# R1666319

    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

    Remodeled Three-Unit Multifamily Property

    This three-unit multifamily property is located in Rochester, NY, offering proximity to restaurants, shopping, and local attractions. The property is suitable for both new and experienced investors. Each unit is generously sized and well-maintained. The owner's unit has been completely remodeled with a new kitchen and bathroom featuring maple kitchen cabinetry with quartz countertops, designer plumbing fixtures and hardware, stainless steel appliances, and a ceramic tile backsplash. The bathroom has been upgraded with a custom vanity, new tub surround, and ceramic tile flooring. Interior improvements include new carpeting and LifeProof laminate flooring throughout the first floor. The property has a new Certificate of Occupancy. Additional features include separate heating systems, individual electrical panel boxes, thermopane windows, and an architectural roof. The lot size is 0.0872 acres. The property size is 3175 square feet. Delayed negotiation March 18, 2026 at 9:00pm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.585635
    Latitude
    43.156361

    Nearby Similar for Sale

    • $699,900
      3,740 SF

      Long-Standing Rochester Restaurant Opportunity

      Restaurant for sale in Rochester with land and furnishings.
      559 E Ridge Rd, Rochester, NY 14621
      View Details
    • $324,900
      2,280 SF

      Versatile Commercial Building in Rochester

      Move-in ready commercial building with permitted use variance.
      70 Cooper Rd, Rochester, NY 14617
      View Details
    • $324,900
      3,027 SF

      Prime Mixed-Use Redevelopment Opportunity

      Mixed-use property in vibrant Rochester corridor, ready for redevelopment.
      606 Monroe Ave, Rochester, NY 14607
      View Details
    • $375,000
      3,600 SF

      Southwedge Retail Services Building

      Retail and distribution space in Rochester's Southwedge neighborhood.
      754 S Clinton Ave S, Rochester, NY 14620
      View Details
    • $199,999
      4,331 SF

      Mixed-Use Property in Center City District

      Mixed-use property with residential income potential in Rochester, NY.
      416 Central Ave, Rochester, NY 14605
      View Details
    • $450,000
      3,330 SF

      Functional Warehouse/Flex Space in Rochester

      Warehouse/flex space in Rochester's South Wedge neighborhood with parking.
      161 Comfort St, Rochester, NY 14620
      View Details
    • $799,900
      9,690 SF

      Rochester Commercial Opportunity Zone Property

      Commercial property in Rochester's Opportunity Zone with high traffic exposure.
      688-694 W Ridge Rd, Rochester, NY 14615
      View Details
    • $265,000
      16,586 SF

      Historic Rochester Building Redevelopment Opportunity

      16,586 SF building in downtown Rochester, prime for redevelopment.
      159 Alexander St, Rochester, NY 14607
      View Details
    • $299,900
      Pending

      Duplex with Separate Utilities

      Two-unit property with recent upgrades, ideal for owner-occupancy.
      14-16 Boardman St, Rochester, NY 14607
      View Details
    • $599,999
      13,300 SF

      Climate-Controlled Storage Facility Near University

      Premier Rochester self-storage facility with climate control and robust client base.
      169 Flanders St, Rochester, NY 14619
      View Details
    • New
      $425,000
      3,092 SF

      Turn-of-the-Century Park Avenue Duplex

      Stunning duplex in Rochester's desirable Park Avenue neighborhood.
      210 Culver Rd, Rochester, NY 14607
      View Details
    • $2,995,000
      55,000 SF

      Downtown Rochester Redevelopment Opportunity

      55,000 sq ft building in downtown Rochester for redevelopment.
      140 E Main St, Rochester, NY 14604
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained Rochester multifamily property with remodeled owner's unit.
    Where is this triplex located?
    The property is located at 636 University Ave, Unit 3 Rochester, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Completely remodeled owner's unit with **brand-new kitchen and bathroom featuring high-end finishes** (quartz countertops, stainless steel appliances, designer fixtures).; - Strong rental potential as a well-maintained three-unit multifamily property in a desirable location near restaurants, shopping, and local hotspots.; - Brand-new Certificate of Occupancy provides added peace of mind.
    (585) 749-1618
    Request Owner's contact information
    636 University Ave, Unit 3 Rochester, NY 14607
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    636 University Ave, Unit 3
    Rochester, NY 14607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    636 University Ave, Unit 3 Rochester, NY 14607
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jerome Davis
    Jerome Davis
    Real Estate License ID: 30DA0957272
    (585) 749-1618 (585) 347-4900 (585) 719-3500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!