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Classic Three-Family Home in Rochester

481 Meigs Street Rochester, NY 14607

Pending

$249,900

MULTI_FAMILY - Rochester, NY

Property size:

2,192 SF

Lot size:

0.13 Acres

Pending

$249,900

MULTI_FAMILY - Rochester, NY

Property size:

2,192 SF

Lot size:

0.13 Acres

Added:: May 5, 2026
Days on Market:: 70
Last Refresh:: Jul 13 at 7:06 pm

Property Features for 481 Meigs Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 3
Rooms: Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2, Basement, Bathroom 1, Bedroom 1
Parking features: Garage
Appliances: GasWaterHeater
Standard status: Pending
APN: 261400-121-570-0003-039-000-0000
Size: 2,192 SF
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Annual Amount: 6893

Utilities

Heating system: Natural Gas, Forced Air
Water source: Public

Building Details

Year built: 1900
Floors in Building: 2
Number of units: 3
Flooring type: Hardwood, Tile, Varies
Building materials: WoodSiding

Listing agent Scott G. Tantalo License #10301209654

Listing office Keller Williams Realty Greater Rochester 1770 Long Pond Road, Rochester, NY

Listing date May 5, 2026

MLS# R1676232 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.

Investment Insights

Based on property information with market context.

Located in the Pearl-Meigs-Monroe neighborhood of Rochester, this three-family home at 481 Meigs Street offers investment potential. The property includes a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit, both currently rented for $1,050 per month. Additionally, there is a studio apartment that is currently used as a short-term rental through Air BNB with bookings through June. The studio is fully furnished and averages $1260 per month. The property features a basement with coin-operated laundry for additional income, a newer roof, three newer furnaces, a freshly painted exterior, and hardwood floors throughout all units. Each apartment has a 100 Amp service. Designated off-street parking is available, along with a 3.5 bay garage. The property comes with a transferrable Certificate of Occupancy. All appliances are included in the sale. The lot size is 0.1286 acres, and the property size is 2192 square feet.

Key Highlights

Three‑family home built in 1900 with upper 1 bed/1 bath, lower 2 bed/1 bath, and a studio unit
Upper unit rented for $1,050/mo and lower unit rented for $1,050/mo
Studio is rented through Air BNB and is fully furnished; bookings are scheduled through June

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.4k	$19.80
− Vacancy	−$2.5k	−$1.15
EGI	$40.9k	$18.65
− OpEx	−$18.4k	−$8.39
NOI	$22.5k	$10.26

2,192 SF · lease $19.80/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$360.4K

$315.3K – $420.5K (±1% cap)

NOI $25,227 @ 7.0% cap · market cap 10.09%

Second Best

Apartment 5plus

$321.2K

$281.1K – $374.8K (±1% cap)

NOI $22,486 @ 7.0% cap · market cap 9.00%

Theoretical Best

Office A

$600.5K

$525.4K – $700.6K (±1% cap)

NOI $42,034 @ 7.0% cap · market cap 16.82%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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For sale
Triplexes
NY
Rochester
14607
481 Meigs Street

What type of property is this?

Triplex - Three-family home in desirable neighborhood with income potential.

Where is this triplex located?

The property is located at 481 Meigs Street Rochester, NY.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: Three‑family home built in 1900 with upper 1 bed/1 bath, lower 2 bed/1 bath, and a studio unit; Upper unit rented for $1,050/mo and lower unit rented for $1,050/mo; Studio is rented through Air BNB and is fully furnished; bookings are scheduled through June

481 Meigs Street Rochester, NY 14607

MULTI_FAMILY - Rochester, NY

Property Features for 481 Meigs Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Automotive Repair and Paint Facility

Two-Story Brewery Building with Beer Garden

Medical Office Building with Exam Rooms

Retail-Office Building With Rear Shop

Climate-Controlled Self-Storage Facility

Office Building with Handicap Lift

Updated Multifamily Apartment Building

Rochester Restaurant Opportunity For Sale

Free-Standing Office Building

Rochester Multifamily Investment Opportunity

Freestanding Office Building with Parking

Brick 19-Unit Apartment Building

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