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587 University Avenue, Rochester, 14607
ML Number: R1722445
List Price: $680,000
Description
Welcome to 587 University Avenue, a well-positioned three-unit property in Rochester’s desirable 14607 area. The first-floor unit is currently vacant and was previously rented for $2,800/month, offering an excellent opportunity for an owner-occupant or investor to occupy one unit while generating rental income from the remaining apartments.The second-floor unit features 3 bedrooms and 1.5 bathrooms and is leased through June 2027 at $1,500/month, with a detached garage available for an additional $100/month. The third-floor unit offers 2 bathrooms and is currently rented for $1,950/month.Recent updates include new HVAC systems on two units and a side condenser approximately 2 years ago, new electrical breakers and house meters approximately 20 years ago, and a water heater approximately 10 years old. Conveniently located near the University of Rochester, Strong Memorial Hospital, shopping, dining, and neighborhood amenities.A great opportunity for an owner-occupant looking to offset their housing costs or an investor seeking a multifamily property with established rental income and additional income potential. Delayed Negotiations until 10/30/2026 @4:20 PM.
Aerial View of this Location
| Property Type: | Multi-Family Res (2-4) units |
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| Bedrooms: | 10 |
| Full Bath(s): | 5 |
| Half Bath(s): | 2 |
| Living Area (SqFt): | 5,109 |
| Lot Size (Acres): | 0.2300 |
| Year Built: | 1893 |
| Address: | 587 University Avenue |
|---|---|
| City: | Rochester |
| County: | Monroe |
| State: | NY |
| Zip Code: | 14607 |
| School District: | Rochester |
| List Price: | $680,000 |
|---|---|
| Assessed Value: | $0 |
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Property Features
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| On Waterfront: | No |
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| # Fireplaces: | 5 |
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Listing courtesy of East Ave Realty.
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