Seven-Unit Apartment
314 Park Ave, Rochester, NY 14607
For Sale
$1,100,000
Pending
Each residence includes its own full basement and unfinished walk-up attic for additional storage.
Property Size9,730 SF
Days on Market59
Property Features for 314 Park Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Tickle Realty, LLC
Listed By:
Arthur E. Morris Jr.
(585) 662-3505
Source:
Elliman
Added: Sep 12
Changed: Oct 31
Last Checked: Nov 8 at 7:06AM
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 Tickle Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this seven-unit apartment property contains approximately 9,730 square feet and offers seven three-bedroom residences. Two apartments have 1.5 baths, while the other five include one full bath. Every unit has its own full basement and unfinished walk-up attic, creating substantial storage areas. Six apartments are occupied under existing leases, and one is available for immediate rental.
Located at 314 Park Ave in Rochester’s Park Avenue neighborhood, the property records a Walk Score of 91, a Bike Score of 77, and a Transit Score of 52. Residents pay their own gas and electric utilities, while water is paid by ownership. The current Certificate of Occupancy remains valid through 12/11/2028.
Located at 314 Park Ave in Rochester’s Park Avenue neighborhood, the property records a Walk Score of 91, a Bike Score of 77, and a Transit Score of 52. Residents pay their own gas and electric utilities, while water is paid by ownership. The current Certificate of Occupancy remains valid through 12/11/2028.
Key Highlights
- Seven 3‑bedroom apartments within approximately 9,730 square feet
- Unit mix includes two apartments with 1.5 baths and five with 1 full bath
- Each apartment has its own full basement and unfinished walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,814
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,280
$2.0M
Cap Rate 7%
$1,425,914
$1.4M
Cap Rate 9%
$1,109,044
$1.1M
Market Conditions
NOI Build-Up for 9,730 SF
Gross rent
$192.7K $19.80/SF
− Vacancy
−$11.2K −$1.15/SF
EGI
$181.5K $18.65/SF
− OpEx
−$81.7K −$8.39/SF
NOI
$99.8K $10.26/SF
Area
Rochester, NY
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,280
Cap Rate 7%
$1,425,914
Cap Rate 9%
$1,109,044
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,814 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,582 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,621
Businesses Nearby
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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
$304,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Rochester, NY
Properties on Market for Apartment buildings in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes its own full basement and unfinished walk-up attic for additional storage.
Where is this apartment building located?
The property is located at 314 Park Ave Rochester, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Seven 3‑bedroom apartments within approximately 9,730 square feet; Unit mix includes two apartments with 1.5 baths and five with 1 full bath; Each apartment has its own full basement and unfinished walk‑up attic
