Three-Family Residential
625 Roosevelt Avenue Rome, NY 13440
MULTI_FAMILY - Other - Rome, NY
Property size:
2,552 SFLot size:
0.49 AcresPrice / SF:
$107/SF- Added:
- Jul 1, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 10 at 7:06 am
Property Features for 625 Roosevelt Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 1
- Parking features
- Garage
- Patio and Porch features
- Patio, Deck
- Exterior features
- Deck, Fence, Patio, PrivateYard
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 301301-242-044-0002-050-000-0000
- Size
- 2,552 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6626
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Varies, Vinyl
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Alicia Collver License #10301220677 (315) 794-2994
Listing office Coldwell Banker Faith Properties 2811 Genesee St, Utica, NY (315) 735-2222
Listing date Jul 1, 2026
MLS# S1695210
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.
This fully renovated three-family residential building is configured for separate living arrangements within a single structure. The property includes interior updates and refreshed exterior landscaping, along with two basement washer/dryer hookups. Additional storage and utility flexibility are supported by a full basement and a spacious attic. Each unit is separately metered with all separate utilities, which can simplify individual utility management for an owner.
Set on a residential lot in Rome, the home offers private off-street parking with a long private driveway. Exterior features also include a detached 3-car garage, which can provide storage and may support additional revenue uses depending on an owner’s plan. The property includes a deep backyard for private outdoor space.
Two units are currently occupied with existing tenants, while the third unit has been recently vacated. This setup may suit an investor looking for an income-producing building with the ability to occupy or re-rent the remaining unit. With dedicated utilities by unit and established in-home laundry hookups, the property is designed for straightforward day-to-day management and resident convenience.
Set on a residential lot in Rome, the home offers private off-street parking with a long private driveway. Exterior features also include a detached 3-car garage, which can provide storage and may support additional revenue uses depending on an owner’s plan. The property includes a deep backyard for private outdoor space.
Two units are currently occupied with existing tenants, while the third unit has been recently vacated. This setup may suit an investor looking for an income-producing building with the ability to occupy or re-rent the remaining unit. With dedicated utilities by unit and established in-home laundry hookups, the property is designed for straightforward day-to-day management and resident convenience.
Key Highlights
- Three‑family home built in 1945 with multiple bedrooms and three bathrooms across the property
- Each unit is separately metered with all separate utilities; two units are currently occupied and the third was recently vacated
- 3‑car detached garage plus private off‑street parking and a long private driveway
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $13.80 |
| − Vacancy | −$2.2k | −$0.86 |
| EGI | $33.0k | $12.94 |
| − OpEx | −$9.9k | −$3.88 |
| NOI | $23.1k | $9.06 |
2,552 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,114 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$672.5K
$588.4K – $784.6K
NOI $47,075 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated three-unit property with separate utilities, private parking, and multiple storage areas.
Where is this triplex located?
The property is located at 625 Roosevelt Avenue Rome, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Three‑family home built in 1945 with multiple bedrooms and three bathrooms across the property; Each unit is separately metered with all separate utilities; two units are currently occupied and the third was recently vacated; 3‑car detached garage plus private off‑street parking and a long private driveway
