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    512 Lyell Ave Rochester, NY 14606

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    For Sale
    $289,900

    5,500+ SF brick building with apartments and laundromat equipment.

    Property size:
    5,646 SF
    Lot size:
    0.15 Acres

    Property Features for 512 Lyell Ave

    General Information

    Size
    5,646 SF
    Lot size
    0.15 Acres

    Source: Century 21 - Turner Brokers | Lakewood Agent Gameel Omar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Laundromat

    This 5,500+ SF brick building features a mix of residential and commercial space. The second floor houses four apartments: three one-bedroom units, each renting for $700, and one two-bedroom unit renting for $900. The first floor includes a studio apartment renting for $650 and a commercial space previously used as a fully operational laundromat. All laundromat equipment is included with the property. The building is in excellent condition, with functional upgrades such as newer electric service and newer tank-less hot water heaters. A new Certificate of Occupancy was issued in 2023. The building's total monthly rent is $3,650. The commercial space is currently vacant but was previously rented for $1,200. Additionally, a billboard on the property generates $1,500 annually.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grandma Gail's Wash ... Laundromat LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6426139
    Latitude
    43.164975

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    FAQs

    What type of property is this?
    Apartment building - 5,500+ SF brick building with apartments and laundromat equipment.
    Where is this apartment building located?
    The property is located at 512 Lyell Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - High Income Potential: Earn $3650 monthly from apartments, with potential for $1200 more from vacant commercial space and $1500 annually from billboard.; - Fully Operational Laundromat Included: First floor studio comes with all laundromat equipment.; - Newer Upgrades: Benefit from newer electric service and tank-less hot water heaters.
    (716) 763-7506
    Request Owner's contact information
    512 Lyell Ave Rochester, NY 14606
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    512 Lyell Ave
    Rochester, NY 14606
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    Realmo Value Estimation

    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.

    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.

    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
    512 Lyell Ave Rochester, NY 14606
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