196 Driving Park Avenue, Rochester, NY 14613
Local realty services provided by:HUNT Real Estate ERA
196 Driving Park Avenue,Rochester, NY 14613
$399,900
- 4 Beds
- - Baths
- 5,313 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Fri, Apr 1712:00 pm - 01:00 pm
Listed by: mark j. palazzo
Office: rich realty
MLS#:R1673542
Source:NY_GENRIS
Price summary
- Price:$399,900
- Price per sq. ft.:$75.27
About this home
Investment Opportunity – 8 Unit Multifamily. Well-positioned 8-unit multifamily property offering immediate value-add potential with minimal renovation risk. Featuring a desirable unit mix of four one-bedroom apartments and four studio units, this property is ideal for investors looking to lease up and stabilize.
Current Income:
• 1BR – $980
• 1BR – $1,149 (includes utilities)
• 1BR – $700
• 5 Units currently vacant and ready for lease-up
Utilities & Mechanical Systems:
• Separate forced hot air furnaces for each unit
• Individual electric panels (circuit breakers)
• Separate hot water tanks
Tenants pay their own utilities, helping reduce operating expenses.
Property Features:
• Solid all-brick construction
• Large lot
• Tear-off roof completed in 2024
• Certificate of Occupancy valid through 1/22/2028
• Vacant units to be delivered rent-ready
Annual Expenses:
• Taxes: $6,638
• Insurance: $2,812
• Trash: $1,400
Investment Highlights:
Over 60% of the building is vacant, allowing a new owner to control tenant selection and maximize rental income from day one. Ideal for investors seeking a straightforward lease-up strategy with strong potential for increased cash flow and appreciation.
Cash buyers please or please provide a bank term sheet indicating a willingness to lend on a near vacant building.
Don’t miss this opportunity to acquire a high-upside asset with key improvements already completed. Schedule your showing today....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:R1673542
- Added:3 day(s) ago
- Updated:April 17, 2026 at 10:41 PM
Rooms and interior
- Bedrooms:4
- Basement:Yes
- Basement Description:Full
- Living area:5,313 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Pitched
- Year built:1920
- Building area:5,313 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Irregular Lot, Near Public Transit
- Construction Materials:Brick
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$399,900
- Price per sq. ft.:$75.27
- Tax amount:$6,639
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