622 Monroe Ave, Rochester, NY 14607
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.