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Multifamily Property with Boarding Rooms

470 Lyell Avenue, Rochester, NY 14606

For Sale
$65,000
Pending

CommercialSale, Rochester, NY

Property Size6,540 SF
Lot Size0.15 Acres
Days on Market63

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 Pending
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), Forced Air, Natural Gas
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 NY #10491200430
Added: Sep 8 Changed: Oct 30 Last Checked: Nov 9 at 1:06PM
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.

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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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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
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Market

Average Price Trend$/SF for Multifamily properties in Rochester, NY

$63.01 Jul
$65.35 Aug
$72.72 Sep
$73.7 Oct

Properties on Market for Multifamily properties 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?
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
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