1344 Dewey Avenue #1342, Rochester, NY 14613
Local realty services provided by:ERA Team VP Real Estate
1344 Dewey Avenue #1342,Rochester, NY 14613
$399,900
- 8 Beds
- - Baths
- 7,260 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Fri, Apr 1711:00 am - 12:00 pm
Listed by: mark j. palazzo
Office: rich realty
MLS#:R1673600
Source:NY_GENRIS
Price summary
- Price:$399,900
- Price per sq. ft.:$55.08
About this home
10-Unit Value-Add Opportunity – Complete the renovations | 1342–1344 Dewey Ave
Strong opportunity to acquire a 10-unit multifamily property with most of the heavy lifting already completed. This asset consists of 8 one-bedroom units and 2 basement studio units, offering immediate income potential with additional upside after remaining renovations are completed. C of O transfers to new buyer and expires November 2027.
Property Highlights:
• 10 total units: 8 one-bedroom, 2 studio (basement)
• 8 units delivered with some renovations still needed to be done (basement units, up to 4 of the one bedrooms and some kitchens need some work)
• Separate electric and cooking gas
• Heat and hot water included
• Updated interiors featuring newer kitchens, hardwood and vinyl plank flooring
• Replacement windows and new exterior doors
• Steam boiler (2020)
• Security camera system included
Value-Add Potential:
The property has already undergone significant improvements, including remediation from minor neighboring fire impact. Finalize remaining updates to unlock additional income and force appreciation.
Exterior & Major Systems:
• Flat torch-down roof currently being freshly silver-coated
• Clean mechanicals and solid infrastructure already in place
Additional Parcel:
• 1346 Dewey Ave included (separate parcel) – parking lot with existing garage (must be demolished)
Investment Highlights:
• Immediate cash flow from rent-ready units
• Proven value-add without full renovation scope
• Ability to increase income through unit completion and lease-up
• Efficient path to stabilization and long-term returns
Expenses before the fire next door:
City tax: $5,056; County tax $2,424; Insurance $6,234; House meter utilities $6,000; Refuse $2,000
Cash buyers only or buyers with a bank term sheet from a bank willing to finance a vacant building in need of some renovations. The plan is group showings with the first not yet scheduled....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:R1673600
- Added:3 day(s) ago
- Updated:April 17, 2026 at 10:41 PM
Rooms and interior
- Bedrooms:8
- Basement:Yes
- Basement Description:Partial
- Living area:7,260 sq. ft.
Heating and cooling
- Heating:Gas, Hot Water
Structure and exterior
- Year built:1920
- Building area:7,260 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Irregular Lot, Near Public Transit
- Levels:3 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$399,900
- Price per sq. ft.:$55.08
- Tax amount:$7,481
Parking
- Parking description:Garage, One Space
- Garage:Yes
- Garage spaces:1
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