Mixed-Use Building with
1274-1278 Dewey Ave Rochester, NY 14613
1274-1278 Dewey Ave, Rochester, NY, 14613
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For Sale
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Fully occupied mixed-use building with two storefronts and three apartments, substantially renovated with new windows and mini-split systems.
Property Size3,858 SF
Price / SF$129.57
Days on Market40
Property Features for 1274-1278 Dewey Ave
General Information
- Standard status
- Active
- Size
- 3,858 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1900
Listing agency
Howard Hanna Real Estate Services
Listed by
Courtney Crandall · License #10401355052
Source
Crexi
Added: Jun 12 Updated: Jul 21 at 5:12PM Checked: Jul 21 at 5:12PM
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 Real Estate Services
Investment Insights
Based on property information with market context.
This fully occupied mixed-use building includes 2 commercial storefronts and 3 residential apartments: a studio, a one-bedroom, and a two-bedroom. All units are currently occupied. The property has undergone extensive renovations, with recent improvements including new windows, updated kitchens and bathrooms, mini-split systems throughout, along with new flooring and ceilings. Photos were taken after renovation and before tenants moved in.
The City of Rochester location provides convenient access to public transportation, shopping, dining, employment centers, and major highways. The property is supported by a certificate of occupancy that is good through 12/28.
Current rental income is reported as over $6,300 per month. With substantial interior upgrades already completed, the building is presented as turnkey with reduced maintenance concerns.
The City of Rochester location provides convenient access to public transportation, shopping, dining, employment centers, and major highways. The property is supported by a certificate of occupancy that is good through 12/28.
Current rental income is reported as over $6,300 per month. With substantial interior upgrades already completed, the building is presented as turnkey with reduced maintenance concerns.
Key Highlights
- Fully occupied mixed‑use building with 2 commercial storefronts and 3 residential apartments.
- Apartment unit mix includes a studio, 1‑bedroom, and 2‑bedroom, all currently producing $6,300+/mo in rent.
- Extensive renovations include new windows, updated kitchens and bathrooms, and refreshed flooring and ceilings.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.1k | $17.40 |
| − Vacancy | −$3.7k | −$0.96 |
| EGI | $63.4k | $16.44 |
| − OpEx | −$19.0k | −$4.93 |
| NOI | $44.4k | $11.51 |
3,858 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Retail
$747.5K
$654.1K – $872.1K
NOI $52,325 @ 7.0% cap · market cap 10.47%
Second Best
Mixed Use
$669.6K
$585.9K – $781.3K
NOI $46,875 @ 7.0% cap · market cap 9.38%
Theoretical Best
Office A
$1.06M
$924.8K – $1.23M
NOI $73,981 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Mixed-use property - Fully occupied mixed-use building with two storefronts and three apartments, substantially renovated with new windows and mini-split systems.
Where is this mixed-use property located?
The property is located at 1274-1278 Dewey 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: Fully occupied mixed‑use building with 2 commercial storefronts and 3 residential apartments.; Apartment unit mix includes a studio, 1‑bedroom, and 2‑bedroom, all currently producing $6,300+/mo in rent.; Extensive renovations include new windows, updated kitchens and bathrooms, and refreshed flooring and ceilings.
