Stabilized Multifamily Property in
For Sale
$397,000
Pending
91 Wellington Ave W, Rochester, NY 14611
Six-unit multifamily property with strong cash flow in Rochester, NY.
Property Size4,672 SF
Days on Market120
Property Features for 91 Wellington Ave W
General Information
Standard status
Pending
Size
4,672 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,271
Building Details
Building Size
4,672 SF
Year Built
1925
Stories
3
Units
6
Listing Agency:
(585) 957-2661
Listed By:
Maria Reed
(585) 957-2661
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 20 at 9:44AM
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 Maria Reed
Investment Insights
Based on property information with market context.
The property at 91 Wellington Avenue is a stabilized six-unit multifamily building located in Rochester, New York. It offers a strong in-place cash flow. The building comprises three studio apartments, two one-bedroom apartments, and one two-bedroom apartment, supported by a total of eight bathrooms. The property generates an annual gross rent of $69,600, with a Net Operating Income of approximately $58,023, translating to a 14.6% cap rate. Tenants are responsible for all utilities except water. This asset is suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth. It is ideal for buy-and-hold investors, 1031 exchange buyers, or operators looking for a strong cash-flowing asset in an affordable Northeast market. The property has a bike score of 58, indicating it is bikeable, a walk score of 76, indicating it is very walkable, and a transit score of 42, indicating some transit options are available.
Key Highlights
- Attractive 14.6% cap rate at the $397,000 asking price
- Strong in‑place cash flow with a Net Operating Income of approximately $58,023
- Stabilized 6‑unit multifamily property with functional layouts
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 14611, NY
18,586
Population
8,292
Households
2.2
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
2.9 sq mi
ZIP Area
6,409
Density / Sq Mi
$29,870
Median Household Income
$27,109
Median Earnings
$1,024
Median Rent
$77,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with strong cash flow in Rochester, NY.
Where is this apartment building located?
The property is located at 91 Wellington Ave W Rochester, NY.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Attractive 14.6% cap rate at the $397,000 asking price; Strong in‑place cash flow with a Net Operating Income of approximately $58,023; Stabilized 6‑unit multifamily property with functional layouts
