367-369 Genesee St, Rochester, NY

Highlights:

• Townhome Style Apartments
• Tenant Paid Utilities
• Basement Storage
• Located on a Bus Line

Description:

Now available at a reduced price, this 7-unit multifamily property offers a significant upside for investors. Each townhome-style unit features 3 bedrooms, 1 full bathroom, and approximately 1,100 SF of living space, plus private basements and attics—ideal for tenants seeking spacious, functional layouts.

Recent improvements include a half-roof tear-off and replacement. All units are separately metered with tenant-paid utilities, keeping operational costs low.

Six of the seven units are currently vacant, offering an excellent opportunity to complete repairs and prepare the property for full lease-up. With market rents at approximately $1,400/month, the projected gross income at full occupancy is $9,800/month.

Located near schools, parks, and local businesses, this asset combines scale, value, and long-term income potential—all for under $550K.

The 19th Ward is a well-established neighborhood on Rochester’s southwest side, known for its classic architecture, community pride, and access to local amenities. Home to a diverse population, the area features a mix of early 20th-century homes, parks, and schools.

Located near the University of Rochester and Genesee Valley Park, it offers convenient access to major roads, shopping, and public transit—making it a strong rental market for families, students, and professionals alike.

Documents: