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Multifamily Boarding House Property
For Sale
$65,000

470 Lyell Avenue, Rochester, NY 14606

Includes a distinct living unit with its own kitchen and bathroom.

Property Size6,540 SF
Days on Market18

Property Features for 470 Lyell Avenue

General Information

Standard status Active
Size 6,540 SF
Property subtype Business

Property Condition

Severity Major Repairs Needed
Evidence fire

Taxes and HOA fees

Annual Taxes $5,437

Building Details

Building Size 6,540 SF
Year Built 1897
Listing Agency: RE/MAX Plus
Listed By: Nunzio Salafia · License #10491200430
Source: Griffith-realty
Added: Sep 8 Changed: Sep 20 Last Checked: Sep 24 at 6:25PM

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 RE/MAX Plus

Investment Insights

Based on property information with market context.

Built in 1897, this multifamily property includes a 14-room boarding house configuration along with a separate one-bedroom unit. The additional living space has its own kitchen and bathroom, creating a distinct residential component within the property.

The building is being offered in its existing condition. A fire on the third floor was contained to one room, while smoke damage extends throughout that floor. The property is located at 470 Lyell Ave in Rochester, New York, with a Walk Score of 52, a Bike Score of 50, and a Transit Score of 38.

Key Highlights

  • 14‑room boarding house configuration
  • Separate one‑bedroom unit with its own kitchen and bathroom
  • Third‑floor fire was contained to one room

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Cafe & Coffee Shop Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

661
Businesses Nearby

Demographics for 14606, NY

28,252
Population
11,712
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
83%
High-School Grad
9.4 sq mi
ZIP Area
3,006
Density / Sq Mi
$57,287
Median Household Income
$38,682
Median Earnings
$978
Median Rent
$150,500
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?
Multifamily property - Includes a distinct living unit with its own kitchen and bathroom.
Where is this multifamily property located?
The property is located at 470 Lyell Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: 14‑room boarding house configuration; Separate one‑bedroom unit with its own kitchen and bathroom; Third‑floor fire was contained to one room
More about this property
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