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    Turnkey Triplex with In-Unit Laundry Title is generated by Realmo AI

    399 E University Avenue W, Rochester, NY 14607

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    Claim this Listing
    For Sale
    $499,900

    MULTI_FAMILY - Other - Rochester, NY

    Property size:
    2,628 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $190/SF
    Added:
    Jun 6, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 21 at 7:06 am

    Property Features for 399 E University Avenue W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 4, Basement
    Patio and Porch features
    Porch
    Interior features
    CeilingFans
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    261400-106-820-0002-033-000-0000
    Size
    2,628 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8659

    Utilities

    Heating system
    Steam, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Tile, Laminate, Hardwood, Varies
    Building materials
    VinylSiding, CopperPlumbing
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Charity J. Traub

    Listing agent Charity J. Traub License #10401352033

    Listing office Keller Williams Realty Greater Rochester 2000 Winton Road S Bldg #1, Suite 201 Bldg #1, Suite 201, Rochester, NY

    Listing date Jun 6, 2026

    MLS# R1688322 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multifamily property with Year Built 1920 and updated interiors throughout
    • First‑floor unit features 3 bedrooms, 2 full bathrooms, private porch, and in‑unit laundry
    • Upstairs 2‑bedroom, 1‑bath apartment
    • Separate 1‑bedroom, 1‑bath unit next door with laundry access in the basement
    • Updated kitchens and bathrooms, plus updated windows, gutters, and laminate flooring
    • Individual electrical panel boxes and gas water heater; steam heat and window A/C units

    Overview

    Completely transformed and move-in ready, this triplex at 399 E University Avenue W in Rochester, NY offers three separate residential units. The rare first-floor unit features three bedrooms, two full bathrooms, a private porch, updated kitchen and bath finishes, and in-unit laundry. The upstairs unit is a spacious two-bedroom, one-bath apartment, and there is also a separate one-bedroom, one-bath unit next door. Additional interior updates include laminate flooring and fresh finishes throughout, along with modernized building elements such as updated windows and gutters.

    The property is situated in Rochester near restaurants, boutique shopping, cafes, and popular local destinations, with convenient everyday access to neighborhood amenities. Each unit has its own electrical panel box, supporting a straightforward, tenant-friendly setup.

    For tenants and owner-occupants, the unit mix provides flexible living arrangements across three bedrooms and two-bedroom and one-bedroom options. Practical in-home laundry access is supported by in-unit laundry on the first floor and complimentary basement laundry access for the one-bedroom unit. With refreshed mechanical and finish components, this is presented as a turnkey, ready-to-occupy multifamily option for buyers seeking a move-in-ready configuration.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $45.7k $17.40
    − Vacancy −$2.5k −$0.96
    EGI $43.2k $16.44
    − OpEx −$13.0k −$4.93
    NOI $30.2k $11.51
    2,628 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $432.1K
    $378.1K – $504.1K (±1% cap)
    NOI $30,245 @ 7.0% cap · market cap 6.05%
    Second Best
    Apartment 5plus
    $385.1K
    $337.0K – $449.3K (±1% cap)
    NOI $26,959 @ 7.0% cap · market cap 5.39%
    Theoretical Best
    Office A
    $719.9K
    $629.9K – $839.9K (±1% cap)
    NOI $50,395 @ 7.0% cap · market cap 10.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.592128
    Latitude
    43.157916

    FAQs

    What type of property is this?
    Triplex - Three-unit income property with updated kitchens and bathrooms and laundry convenience for tenants.
    Where is this triplex located?
    The property is located at 399 E University Avenue W Rochester, NY.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Multifamily property with Year Built 1920 and updated interiors throughout; First‑floor unit features 3 bedrooms, 2 full bathrooms, private porch, and in‑unit laundry; Upstairs 2‑bedroom, 1‑bath apartment
    More about this property
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