South Wedge Multifamily Investment
For Sale
$299,000
Pending
204 Cypress St, Rochester, NY 14620
Charming four-unit property in the South Wedge neighborhood.
Property Size3,600 SF
Days on Market107
Property Features for 204 Cypress St
General Information
Standard status
Pending
Size
3,600 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,476
Building Details
Building Size
3,600 SF
Year Built
1920
Stories
2
Units
4
Listing Agency:
Howard Hanna Lake Group
(315) 694-1229
Listed By:
Mark A. Moon
(315) 694-1229
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 10 at 6:04AM
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 Howard Hanna Lake Group
Investment Insights
Based on property information with market context.
This charming four-unit multifamily property is located in the South Wedge neighborhood, offering convenient access to the University of Rochester, Strong Memorial Hospital, Highland Hospital, downtown attractions, and various restaurants. The property is fully occupied and features a mix of unit types, including three one-bedroom, one-bath units and one studio unit. There are four electric meters and five gas meters, with a single water meter for the building. The owner provides hot water, and a coin-operated washer and dryer are available for tenants. Tenants are responsible for their own heat and electric expenses. Heating is supplied by four updated gas furnaces, with one new furnace installed in October 2025. A new roof was installed on both the house and the garage in 2023. The property includes a private backyard and a garage, which could be suitable for owner occupancy if desired. Off-street parking is available. The city records previously listed an incorrect total square footage; the correct approximate square footage for the residential structure is 3600. This property presents a nice investment opportunity to start or expand an existing portfolio. The bike score is 77, indicating it is very bikeable. The walk score is 66, indicating it is somewhat walkable, and the transit score is 39, indicating some transit options are available.
Key Highlights
- Fully occupied 4‑unit building offering immediate rental income.
- New roof installed in 2023 on both the house and garage.
- Prime South Wedge location, near U of R, Strong & Highland hospitals, downtown, and restaurants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 14620, NY
24,185
Population
13,060
Households
1.9
Avg Household Size
35
Median Age
56%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
5,497
Density / Sq Mi
$59,525
Median Household Income
$40,467
Median Earnings
$1,193
Median Rent
$197,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Charming four-unit property in the South Wedge neighborhood.
Where is this quadplex located?
The property is located at 204 Cypress St Rochester, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully occupied 4‑unit building offering immediate rental income.; New roof installed in 2023 on both the house and garage.; Prime South Wedge location, near U of R, Strong & Highland hospitals, downtown, and restaurants.
