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7-Unit Multifamily Property
For Sale
$625,000
Pending

366-366 Alexander St, Rochester, NY 14620

Two-building residential asset with varied unit layouts, basement storage, laundry facilities, and on-site parking.

Property Size7,719 SF
Days on Market18

Property Features for 366-366 Alexander St

General Information

Standard status Pending
Size 7,719 SF
Total Parking Spaces 8
Property subtype Residential Income

Financials

Cap Rate 8.9%
Gross Income $80,688

Units

Unit Mix 4 x 1BR, 2 x studio, 1 x 2BR
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $12,021

Amenities

coin-operated laundry
basement storage rooms

Building Details

Buildings 2
Tenancy Multi
Listing Agency: Hunt Real Estate ERA/Columbus
Listed By: John M. Denniston
Source: Exprealty
Added: Sep 8 Changed: Sep 23 Last Checked: Sep 24 at 3:57PM

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 Hunt Real Estate ERA/Columbus

Investment Insights

Based on property information with market context.

This 7,719-square-foot multifamily property comprises a primary building and a detached carriage house with seven total units. The main structure contains four one-bedroom apartments and two studios, along with six basement storage rooms and coin-operated laundry. The carriage house adds a separate two-bedroom apartment. Eight parking spaces serve the property.

The contractor-owner has completed extensive improvements and maintained the buildings consistently since 2009. Several tenants have long-term occupancy, and current rents are described as below market. The property is situated near East Avenue and Alexander Street, toward University Avenue on the south side of Alexander. The reported cap rate is 8.9%.

Key Highlights

  • 7‑unit property totaling 7,719 SF across two buildings
  • Unit mix includes four 1‑bedroom apartments, two studios, and one 2‑bedroom carriage house unit
  • Six basement storage rooms and coin‑operated laundry

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Butcher Supermarket Garden Center

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

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,051
Businesses Nearby

Demographics for 14620, NY

24,185
Population
13,060
Households
1.9
Avg Household Size
35
Median Age
56%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
5,497
Density / Sq Mi
$59,525
Median Household Income
$40,467
Median Earnings
$1,193
Median Rent
$197,700
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 - Two-building residential asset with varied unit layouts, basement storage, laundry facilities, and on-site parking.
Where is this apartment building located?
The property is located at 366-366 Alexander St Rochester, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 7‑unit property totaling 7,719 SF across two buildings; Unit mix includes four 1‑bedroom apartments, two studios, and one 2‑bedroom carriage house unit; Six basement storage rooms and coin‑operated laundry
More about this property
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