Three-Unit Residential Income
New
For Sale
$589,900
106 Argyle St, Rochester, NY 14607
Well-maintained three-unit building with off-street parking and shared basement laundry.
Days on Market7
Property Features for 106 Argyle St
General Information
Standard status
Active
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Building Details
Building Size
3,415 SF
Year Built
1890
Stories
3
Tenancy
Multi
Listing Agency:
(585) 775-5110
Listed By:
Laura Greene
(585) 775-5110
Source:
Elliman
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 30 at 6:51AM
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 Laura Greene
Investment Insights
Based on property information with market context.
This owner-occupied three-unit residential income property is arranged with one apartment on each floor. The first-floor apartment features soaring ceilings, hardwood floors, and updated kitchen and bath finishes, and is currently configured as a one-bedroom with flexibility to convert to a two-bedroom. The second-floor unit includes an open living concept with a gas fireplace, two bedrooms, built-in storage, and a sleeping porch, with French doors leading to a rooftop deck. The third-floor apartment has a private entrance, a full bathroom, and three generously sized rooms with ample closet space.
The building includes a front porch and off-street parking, and all units share basement laundry. It is described as being located between Park and East Avenue in Rochester’s Park Avenue neighborhood, on a street known for porches and within walking distance of restaurants, cafes, boutique shopping, and museums.
As currently configured, the property offers a practical mix of private entries, decks, and shared common services through the basement laundry.
The building includes a front porch and off-street parking, and all units share basement laundry. It is described as being located between Park and East Avenue in Rochester’s Park Avenue neighborhood, on a street known for porches and within walking distance of restaurants, cafes, boutique shopping, and museums.
As currently configured, the property offers a practical mix of private entries, decks, and shared common services through the basement laundry.
Key Highlights
- 1890‑built, owner‑occupied three‑unit property in Rochester’s Park Avenue neighborhood
- Two‑floor, plus third‑floor, unit layout with private entrances including one unit with a private entrance on the third floor
- First‑floor unit features soaring ceilings, gum wood trim, and hardwood floors; kitchen and bath updated using repurposed materials from the home
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 | $59.4k | $17.40 |
| − Vacancy | −$3.3k | −$0.96 |
| EGI | $56.1k | $16.44 |
| − OpEx | −$16.8k | −$4.93 |
| NOI | $39.3k | $11.51 |
3,415 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.5K
$491.3K – $655.1K
NOI $39,303 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$500.5K
$437.9K – $583.9K
NOI $35,032 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$935.5K
$818.6K – $1.09M
NOI $65,486 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 14607, NY
16,298
Population
11,971
Households
1.4
Avg Household Size
32
Median Age
60%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
9,587
Density / Sq Mi
$56,270
Median Household Income
$44,018
Median Earnings
$1,129
Median Rent
$304,100
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?
Triplex - Well-maintained three-unit building with off-street parking and shared basement laundry.
Where is this triplex located?
The property is located at 106 Argyle St Rochester, NY.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 1890‑built, owner‑occupied three‑unit property in Rochester’s Park Avenue neighborhood; Two‑floor, plus third‑floor, unit layout with private entrances including one unit with a private entrance on the third floor; First‑floor unit features soaring ceilings, gum wood trim, and hardwood floors; kitchen and bath updated using repurposed materials from the home
