Three-Story Multifamily
For Sale
$250,000
1067 Dewey Avenue, Rochester, NY 14613
Updated exterior, added improvements, and a new roof distinguish this three-story residential income property.
Property Size2,150 SF
Price / SF$116.28
Days on Market55
Property Features for 1067 Dewey Avenue
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,441
Building Details
Building Size
2,150 SF
Year Built
1910
Stories
3
Listing Agency:
Hunt Real Estate ERA/Columbus
Listed By:
DeQuan Drake · License #10401383704
(585) 471-9561
Source:
Highfallssir
Added: Aug 13
Changed: Sep 30
Last Checked: Oct 5 at 8:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hunt Real Estate ERA/Columbus
Investment Insights
Based on property information with market context.
This multifamily property at 1067 Dewey Ave comprises 2,150 square feet across three stories. The layout includes four bedrooms and three full bathrooms, with natural light throughout the home. Exterior updates, additions, and a new roof contribute to the property’s current physical profile.
The property is in Rochester, NY, near neighborhood amenities and parks, with highway access available for regional commuting. Walk Score is 55, Bike Score is 75, and Transit Score is 42, reflecting a somewhat walkable, very bikeable setting with some transit service.
The property is in Rochester, NY, near neighborhood amenities and parks, with highway access available for regional commuting. Walk Score is 55, Bike Score is 75, and Transit Score is 42, reflecting a somewhat walkable, very bikeable setting with some transit service.
Key Highlights
- 2,150‑square‑foot multifamily property arranged across 3 stories
- 4 bedrooms and 3 full bathrooms
- Newly updated exterior with additions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,056
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,120
$441.1K
Cap Rate 7%
$315,086
$315.1K
Cap Rate 9%
$245,067
$245.1K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$42.6K $19.80/SF
− Vacancy
−$2.5K −$1.15/SF
EGI
$40.1K $18.65/SF
− OpEx
−$18.0K −$8.39/SF
NOI
$22.1K $10.26/SF
Area
Rochester, NY
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,120
Cap Rate 7%
$315,086
Cap Rate 9%
$245,067
Alternative Uses
Best Use
Apartment 5plus
$315.1K
$275.7K – $367.6K
NOI $22,056 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.0K
$515.4K – $687.1K
NOI $41,228 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 14613, NY
14,882
Population
6,561
Households
2.3
Avg Household Size
31
Median Age
14%
College-Educated
77%
High-School Grad
1.9 sq mi
ZIP Area
7,833
Density / Sq Mi
$33,370
Median Household Income
$29,530
Median Earnings
$939
Median Rent
$108,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated exterior, added improvements, and a new roof distinguish this three-story residential income property.
Where is this multifamily property located?
The property is located at 1067 Dewey Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,150‑square‑foot multifamily property arranged across 3 stories; 4 bedrooms and 3 full bathrooms; Newly updated exterior with additions
