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7-Unit Multifamily Property

366-366 Alexander St, Rochester, NY 14620

For Sale
$625,000
Pending

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

Property Size7,719 SF
Days on Market63

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

Site & Location

Neighborhood Neighborhood of the Arts

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 · License NY 30DE0572894
Source: Exprealty
Added: Sep 8 Changed: Nov 9 Last Checked: Nov 8 at 6:29AM

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

Rey
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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

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

Average Price Trend$/SF for Apartment buildings in Rochester, NY

$73.25 Jul
$80.38 Aug
$78.21 Sep
$73.47 Oct

Properties on Market for Apartment buildings in Rochester

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

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
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