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Updated Two-Family Home with Garage
For Sale
$197,900
Pending

4501 Lake Ave, Rochester, NY 14612

Maintained duplex with separate apartments, finished attic rooms, basement workshop space, and a detached two-car garage.

Property Size2,004 SF
Days on Market16

Property Features for 4501 Lake Ave

General Information

Standard status Pending
Size 2,004 SF
Total Parking Spaces 2
Property subtype Multi Family

Units

Unit Mix 1 x 2BR, 1 x 1BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,816

Building Details

Building Size 2,004 SF
Year Built 1900
Buildings 1
Units 2
Listed By: Mary Lobene
Source: Elliman
Added: Sep 10 Changed: Sep 18 Last Checked: Sep 24 at 12:54PM

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 Mary Lobene

Investment Insights

Based on property information with market context.

This maintained two-family home offers a two-bedroom first-floor apartment and a one-bedroom upper apartment. The lower residence includes an eat-in kitchen, formal dining and living rooms, a rear-entry mudroom, and an enclosed front porch. Upstairs, the apartment features an updated kitchen and bath, an oversized living room, one bedroom, and access to two finished attic rooms that are not included in the stated square footage. A full-height basement provides utility, storage, and workshop areas.

Property improvements include vinyl thermopane replacement windows, a high-efficiency hot-water gas boiler installed in 2024 with spray-foam insulation, a 50-gallon gas hot-water tank installed in 2020, separate circuit-breaker electric services, and an architectural roof replaced in 2011. The landscaped grounds include a grape arbor over the rear driveway, while the full two-car garage has individual doors. The property is located on Lake Ave in Rochester, near summer beach activities, restaurants, and boating access. There is no recent C of O, and the home is being sold as-is.

Key Highlights

  • Two‑family layout with 2‑bedroom and 1‑bedroom apartments
  • High‑efficiency hot‑water gas boiler installed in 2024 with spray‑foam insulation
  • 50‑gallon gas hot‑water tank installed in 2020

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby

Demographics for 14612, NY

34,844
Population
16,063
Households
2.2
Avg Household Size
47
Median Age
36%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
2,026
Density / Sq Mi
$81,598
Median Household Income
$46,250
Median Earnings
$1,069
Median Rent
$187,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Maintained duplex with separate apartments, finished attic rooms, basement workshop space, and a detached two-car garage.
Where is this duplex located?
The property is located at 4501 Lake Ave Rochester, NY.
What is the asking price?
The asking price for this property is $197,900.
What are key features of this property?
This property features: Two‑family layout with 2‑bedroom and 1‑bedroom apartments; High‑efficiency hot‑water gas boiler installed in 2024 with spray‑foam insulation; 50‑gallon gas hot‑water tank installed in 2020
More about this property
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