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    512 Lyell Ave Rochester, NY 14606

    Sponsored
    For Sale
    $349,000

    Five-unit building, strong rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property located at 512 Lyell Ave, Rochester, NY 14606, presents a compelling investment opportunity. The building comprises five apartment units, currently generating over $4,000 in monthly rental income. Situated in Monroe County, this property offers convenient access to Rochester's amenities and infrastructure. The building's mixed-use zoning allows for flexibility, with a ground-floor laundromat space that was closed in January 2024. While currently inactive, this space presents a potential revenue stream with upgrades to the existing laundry equipment. The asking price for this five-unit apartment building is $349,000. The property's strong rental income stream makes it an attractive investment for those seeking a stable return. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a well-located, income-producing property in a growing market. The property's location at 43.164650982128194 latitude and -77.6426471833667 longitude provides easy access to local transportation and services. Serious inquiries only.

    Property Features for 512 Lyell Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $349,000 asking price.
    • Mixed‑use, multifamily apartment building.
    • Five‑unit building generating $4,000+ monthly rent.
    • First‑floor laundromat closed January 2024; requires equipment upgrades for reopening.
    • Located at 512 Lyell Ave, Rochester, NY 14606.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grandma Gail's Wash ... Laundromat LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.642647183367
    Latitude
    43.164650982128

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit building, strong rental income.
    Where is this multifamily property located?
    The property is located at 512 Lyell Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: $349,000 asking price.; Mixed-use, multifamily apartment building.; Five-unit building generating $4,000+ monthly rent.
    Request Owner's contact information
    512 Lyell Ave Rochester, NY 14606
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    Rochester, NY 14606
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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
    512 Lyell Ave Rochester, NY 14606
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