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    622 Monroe Ave Rochester, NY 14607

    Sponsored
    For Sale
    $360,000

    Four-unit building, 7.6% cap rate.

    Property size:
    3,673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a four-unit apartment building located at 622 Monroe Avenue in Rochester, New York. Built in 1925, this two-story building boasts a total of 3,673 square feet situated on a 0.24-acre lot. The property is classified as a Class C multifamily building and currently commands an attractive 7.60% capitalization rate, making it an ideal addition to any investor's portfolio. The asking price is $360,000. The property is zoned C-2 Community Center, offering potential for future development or expansion, subject to local regulations. The building's four units provide consistent rental income. The property's Assessment Parcel Number (APN) is 261400 121.58-1-45.001. This well-located property in Monroe County, New York, with its zip code 14607, presents a compelling opportunity for immediate income generation and long-term appreciation. The coordinates are 43.1452 latitude and -77.5907748 longitude. Serious inquiries are encouraged.

    Property Features for 622 Monroe Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,673 SF
    Class
    C
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1925
    Stories
    2
    Units
    4

    HighLights

    • Four‑unit apartment building at 622 Monroe Ave, Rochester, NY.
    • 3,673 sq ft on a 0.24‑acre lot, built in 1925.
    • Class C multifamily building with a 7.60% cap rate.
    • Asking price: $360,000.
    • C‑2 zoning allows for potential future development.
    • APN: 261400 121.58‑1‑45.001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.5907748
    Latitude
    43.1452

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit building, 7.6% cap rate.
    Where is this multifamily property located?
    The property is located at 622 Monroe Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Four-unit apartment building at 622 Monroe Ave, Rochester, NY.; 3,673 sq ft on a 0.24-acre lot, built in 1925.; Class C multifamily building with a 7.60% cap rate.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    622 Monroe Ave Rochester, NY 14607
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