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Three-Unit Multifamily Investment Opportunity

397-399 University Ave, Rochester, NY 14607

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For Sale

$499,900

Three-unit property near restaurants and shops with strong rental potential.

Type:Multi Family

HighLights

Strong rental potential as a three‑unit multifamily property.
Excellent location near restaurants, shopping, and local hotspots (Walk Score: 93).
Turnkey investment opportunity with updated kitchens, bathrooms, windows, gutters, and fresh interior finishes.
First‑floor unit features three bedrooms, two full bathrooms, and in‑unit laundry.
Off‑street parking and partially fenced yard.
Bike Score of 74 (Very Bikeable).

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Listing Contact

Charity J. Traub

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For Sale

$499,900

Three-unit property near restaurants and shops with strong rental potential.

Type:Multi Family

Added:: Apr 11, 2026
Days on Market:: 72
Last Refresh:: Apr 11 at 6:26 am

Property Features for 397-399 University Ave

General Information

Standard status: Active
Property subtype: Multi Family

Building Details

Year Built: 1920

We can help!

Listing Contact

Charity J. Traub

Listing agent Charity J. Traub License #10401352033

Listing office Keller Williams Realty Greater Rochester

Listing date Apr 11, 2026

Source Elliman

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 Keller Williams Realty Greater Rochester

HighLights

Strong rental potential as a three‑unit multifamily property.
Excellent location near restaurants, shopping, and local hotspots (Walk Score: 93).
Turnkey investment opportunity with updated kitchens, bathrooms, windows, gutters, and fresh interior finishes.
First‑floor unit features three bedrooms, two full bathrooms, and in‑unit laundry.
Off‑street parking and partially fenced yard.
Bike Score of 74 (Very Bikeable).

Overview

This three-unit multifamily property presents an investment opportunity near restaurants, boutique shopping, cafes, and local hotspots. The first-floor unit features three bedrooms, two full bathrooms, and in-unit laundry. Upstairs, a spacious two-bedroom, one-bath apartment is located next to a separate one-bedroom, one-bath unit. The one-bedroom apartment includes complimentary laundry access in the basement. Each unit offers living space with updated kitchens and bathrooms. Recent improvements include updated windows, gutters, and fresh interior finishes throughout. Additional features include a partially fenced yard and off-street parking. The property has a bike score of 74, indicating it is very bikeable, a walk score of 93, designating it as a walker's paradise, and a transit score of 49, suggesting some transit options are available.

Location Intelligence

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Triplexes

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Local Demand

City: Rochester
County: Monroe
State: New York
Longitude: -77.5922285
Latitude: 43.1578271

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For sale
Triplexes
NY
Rochester
14607
397-399 University Ave

What type of property is this?

Triplex - Three-unit property near restaurants and shops with strong rental potential.

Where is this triplex located?

The property is located at 397-399 University Ave Rochester, NY.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Strong rental potential as a three‑unit multifamily property.; Excellent location near restaurants, shopping, and local hotspots (Walk Score: 93).; Turnkey investment opportunity with updated kitchens, bathrooms, windows, gutters, and fresh interior finishes.