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    38 Averill Ave, Unit 36 Rochester, NY 14620

    For Sale
    $450,000

    Fully rented four-family in the vibrant South Wedge neighborhood.

    Lot size:
    0.10 Acres

    Property Features for 38 Averill Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    Source: Tru Agent Real Estate Agent Kelsey Delmotte

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

    Overview

    South Wedge Four-Family Investment Property

    This fully rented four-family property is located in the South Wedge neighborhood. The building contains four apartments, each featuring two bedrooms and one bathroom. Each unit has separate utilities and a secure entrance. A shared coin-operated or card-operated washer and dryer are located in the basement. A large, shared walk-up attic offers storage space or potential for finishing into an additional unit. One downstairs unit has been completely updated. The roof and driveway are scheduled for replacement and expansion in Summer 2025. All furnaces have been replaced within the last 7 years. New carpet has been installed in the hallway. The property is tenant-occupied and has a transferable Certificate of Occupancy (C of O) valid until August 2028. The property generates a gross yearly income of $50,000. The property is a short walk to local breweries and coffee shops, located just over the river from downtown, and near local hospitals with easy access to 490.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -77.6101848
    Latitude
    43.1439994

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    FAQs

    What type of property is this?
    Quadplex - Fully rented four-family in the vibrant South Wedge neighborhood.
    Where is this quadplex located?
    The property is located at 38 Averill Ave, Unit 36 Rochester, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Highly profitable investment property with $50k gross yearly income.; - Four 2-bed, 1-bath apartments, each with separate utilities and secure entrance.; - Prime location in the South Wedge, near breweries, coffee shops, downtown, and hospitals, with easy access to 490.
    (585) 613-5318
    Request Owner's contact information
    38 Averill Ave, Unit 36 Rochester, NY 14620
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    Rochester, NY 14620
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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
    38 Averill Ave, Unit 36 Rochester, NY 14620
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