Updated Triplex with Private
399 E University Avenue W, Rochester, NY 14607
For Sale
$488,900
Residential, Rochester, NY
Property Size2,628 SF
Lot Size0.11 Acres
Price / SF$186.04
Days on Market157
Property Features for 399 E University Avenue W
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
private porch
in-unit laundry
basement laundry access
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Keller Williams Realty Greater Rochester
(585) 362-8900
Listed By:
Charity J. Traub · License #10401352033
(585) 360-5558
Added: Jun 6
Changed: Nov 6
Last Checked: Nov 9 at 9:06AM
MLS# R1688322
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.
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Investment Insights
Based on property information with market context.
This Rochester triplex contains 2,628 square feet across three apartments. The first-floor residence has three bedrooms, two full bathrooms, a private porch, and in-unit laundry. The upper level includes a two-bedroom, one-bath apartment and a separate one-bedroom, one-bath unit with basement laundry access. Updated kitchens and bathrooms are complemented by laminate, tile, and hardwood flooring, fresh interior finishes, updated windows, and gutters.
Built in 1920 on a 0.11-acre lot, the property also features individual electrical panel boxes, vinyl siding, copper plumbing, a fenced exterior, an asphalt shingle roof, natural gas and steam heating, window-unit cooling, and public water. The basement provides additional functional space, while the unit mix supports flexible occupancy across the building.
Built in 1920 on a 0.11-acre lot, the property also features individual electrical panel boxes, vinyl siding, copper plumbing, a fenced exterior, an asphalt shingle roof, natural gas and steam heating, window-unit cooling, and public water. The basement provides additional functional space, while the unit mix supports flexible occupancy across the building.
Key Highlights
- 2,628‑square‑foot triplex on a 0.11‑acre lot
- Three‑unit layout: 3‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath apartments
- First‑floor unit includes a private porch and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,245
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,900
$604.9K
Cap Rate 7%
$432,071
$432.1K
Cap Rate 9%
$336,056
$336.1K
Market Conditions
NOI Build-Up for 2,628 SF
Gross rent
$45.7K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$43.2K $16.44/SF
− OpEx
−$13.0K −$4.93/SF
NOI
$30.2K $11.51/SF
Area
Rochester, NY
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,900
Cap Rate 7%
$432,071
Cap Rate 9%
$336,056
Alternative Uses
Best Use
Multifamily LT 5
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$385.1K
$337.0K – $449.3K
NOI $26,959 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$719.9K
$629.9K – $839.9K
NOI $50,395 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,712
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 Triplexes in Rochester, NY
Properties on Market for Triplexes in Rochester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer updated kitchens and baths, separate electrical panels, and laundry access for residents.
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 $488,900.
What are key features of this property?
This property features: 2,628‑square‑foot triplex on a 0.11‑acre lot; Three‑unit layout: 3‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath apartments; First‑floor unit includes a private porch and in‑unit laundry
