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Multifamily Property with Boarding Rooms
New
For Sale
$65,000

470 Lyell Avenue, Rochester, NY 14606

CommercialSale, Rochester, NY

Property Size6,540 SF
Lot Size0.15 Acres
Price / SF$9.94
Days on Market6

Property Features for 470 Lyell Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking 6
Subdivision Myrtle Hill
Lot features Rectangular, Rectangular Lot
Elementary school district Rochester
Middle school district Rochester
High school district Rochester
Directions 390 N, turn right on Lyell Avenue.
Standard status Active
APN 261400-105-660-0001-045-000-0000
Size 6,540 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Annual Amount 5437

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Natural Gas, Forced Air
Water source Public

Building Details

Year built 1897
Floors in Building 3
Roof type Asphalt
Listing Agency: RE/MAX Plus · RE/MAX International
Listed By: Nunzio Salafia · License #10491200430
Added: Sep 8 Changed: Sep 12 Last Checked: Sep 13 at 11:06PM
MLS# R1712931

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.

Investment Insights

Based on property information with market context.

Built in 1897, this 6,540-square-foot multifamily property includes 14 boarding rooms along with a separate one-bedroom unit featuring its own kitchen and bathroom. The building sits on a 0.1504-acre lot and is served by public water and public sewer.

The third floor experienced a fire contained to one room, with smoke damage extending throughout that floor. The property is offered in its existing condition and includes an asphalt roof, forced-air heating, electric heating, and natural gas service. Located at 470 Lyell Avenue in Rochester, the property carries Commercial zoning.

Key Highlights

  • 14 boarding rooms plus a separate 1‑bedroom unit
  • Separate kitchen and bathroom serve the 1‑bedroom unit
  • 6,540 square feet on a 0.1504‑acre lot

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
View Realmo Analytics

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 - Income property with 14 boarding rooms, a separate one-bedroom unit, and documented third-floor fire and smoke damage.
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 boarding rooms plus a separate 1‑bedroom unit; Separate kitchen and bathroom serve the 1‑bedroom unit; 6,540 square feet on a 0.1504‑acre lot
More about this property
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