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Five-Unit Apartment Building
For Sale
$299,995

257 Lake Ave, Rochester, NY 14608

Tenant-occupied multifamily property with updated apartments, off-street parking, and access to shopping, dining, transit, and expressways.

Property Size5,660 SF
Days on Market14

Property Features for 257 Lake Ave

General Information

Standard status Active
Size 5,660 SF
Property subtype Investment

Units

Unit Mix 2 x studio, 2 x 1BR, 1 x 2BR
Multifamily Units 5

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $3,884

Building Details

Building Size 5,660 SF
Year Built 1900
Stories 3
Units 5
Listing Agency:
Listed By: Becky M Sobolewski
Source: Elliman
Added: Jul 30 Changed: Aug 10 Last Checked: Aug 12 at 6:35AM

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 Becky M Sobolewski

Investment Insights

Based on property information with market context.

This five-unit apartment building in Rochester includes 2 studio apartments, 2 one-bedroom apartments, and 1 two-bedroom apartment. The units have been updated over time, and the property is fully tenant-occupied. Off-street parking adds practical convenience for residents.

The property is located near shopping, restaurants, public transportation, and major expressways. It has a Walk Score of 77, a Bike Score of 69, and a Transit Score of 40. Built in 1900, the building offers an established multifamily configuration with a mix of studio, one-bedroom, and two-bedroom units.

Key Highlights

  • Five‑unit apartment building with 2 studio, 2 one‑bedroom, and 1 two‑bedroom apartments
  • Fully tenant‑occupied with long‑term tenants
  • Units updated over time

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Dental Office Locksmith Acupuncture Skin Care Clinic

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

869
Businesses Nearby

Demographics for 14608, NY

13,177
Population
6,935
Households
1.9
Avg Household Size
33
Median Age
24%
College-Educated
83%
High-School Grad
1.8 sq mi
ZIP Area
7,321
Density / Sq Mi
$39,537
Median Household Income
$36,065
Median Earnings
$898
Median Rent
$180,300
Median Home Value

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?
Apartment building - Tenant-occupied multifamily property with updated apartments, off-street parking, and access to shopping, dining, transit, and expressways.
Where is this apartment building located?
The property is located at 257 Lake Ave Rochester, NY.
What is the asking price?
The asking price for this property is $299,995.
What are key features of this property?
This property features: Five‑unit apartment building with 2 studio, 2 one‑bedroom, and 1 two‑bedroom apartments; Fully tenant‑occupied with long‑term tenants; Units updated over time
More about this property
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