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Six-Unit Apartment Building
For Sale
$279,900

363 Lake Avenue, Rochester, NY 14608

Well-maintained six-unit building offers 1-bedroom, 1-bath layouts with eat-in kitchens and current mixed occupancy.

Property Size6,098 SF
Price / SF$45.90
Days on Market167

Property Features for 363 Lake Avenue

General Information

Standard status Active
Size 6,098 SF
Property subtype Multi Family

Additional Details

Multifamily Units 6

Building Details

Tenancy Multi
Listing Agency: Keller Williams Realty Greater Rochester
Listed By: Anthony C. Butera · License #10491209556
Source: Nicholcityrealty
Added: Mar 28 Changed: Sep 9 Last Checked: Sep 10 at 9:19AM

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 Keller Williams Realty Greater Rochester

Investment Insights

Based on property information with market context.

This well-maintained six-unit apartment building is a turnkey opportunity featuring six 1-bedroom, 1-bath units. Each unit includes an eat-in kitchen and a spacious layout. Current occupancy is mixed: four units are rented, one unit is owner-occupied, and one unit is vacant and producing monthly gross income of $2,900.

The property is located at 363 Lake Ave in Rochester, NY 14608.

For buyers seeking a straightforward multi-unit setup, the existing unit mix and current rental situation provide a ready-to-manage configuration within a single asset.

Key Highlights

  • 6‑unit apartment building in the City of Rochester, built in 1900
  • Six 1‑bedroom, 1‑bath units with eat‑in kitchens
  • Mixed occupancy: 4 units rented, 1 owner‑occupied, and 1 vacant unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Accounting Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency

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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

908
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
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?
Apartment building - Well-maintained six-unit building offers 1-bedroom, 1-bath layouts with eat-in kitchens and current mixed occupancy.
Where is this apartment building located?
The property is located at 363 Lake Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 6‑unit apartment building in the City of Rochester, built in 1900; Six 1‑bedroom, 1‑bath units with eat‑in kitchens; Mixed occupancy: 4 units rented, 1 owner‑occupied, and 1 vacant unit
More about this property
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