$1,675,000
$120K PRICE DROP

Estimated payment $10,981/month

Total Views 36,188
7 Beds
-- Bath
22,532 Sq Ft
$74 Price per Sq Ft

Highlights

  • 0.67 Acre Lot
  • Ceramic Tile Flooring
  • 5-minute walk to Brown Square Park
  • Property is near public transit
  • Forced Air Heating and Cooling System

About This Home

Presenting a fully renovated mixed-use property located at 511-527 State Street in Rochester, NY 14608. This prime investment consists of two buildings situated on a .64-acre lot, offering cross access between State Street and Frankfort Street and providing the convenience of off-street parking. The front building on State Street includes office suites, a warehouse, and 8 fully remodeled residential apartments, while the rear building on Frankfort Street features additional remodeled office suites and a small warehouse. Together, the buildings offer a total of 24 units, with 14 commercial tenants and 8 residential tenants in place, along with 2 vacant commercial units ready for leasing opportunities.Originally built in 1910, the property underwent a complete renovation in 2015, including an elevator, modern sprinkler systems throughout, and electronic entry for enhanced security. The apartments and office spaces have been updated, giving the property a fresh, contemporary appeal. Located on a bus line and within walking distance to popular destinations like Frontier Field, Monroe Community College, High Falls, Genesee Brewery, and various restaurants and shopping, the property also benefits from its proximity to downtown RochesAter, making it an ideal location for both commercial and residential tenants. Zoned CCD-R (Center City Riverfront), this property offers a range of potential uses for investors looking to capitalize on Rochester’s thriving Center City.

Listing Agent

Michael Conroy

Listing by eXp Realty, LLC Brokerage Phone: 585-735-7739 License #10301220294 Listed on: 12/02/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,758

Year Built

  • Built in 1910

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 116x271
  • Irregular Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 7 Bedrooms
  • 22,532 Sq Ft Home
  • 4-Story Property
  • Ceramic Tile Flooring
  • Washer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Disposal

Parking

  • No Garage
  • Shared Driveway

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Shared Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 261400-106-610-0001-040-003-0000

Community Details

Overview

  • 7 Units
  • Benjamin Wright Subdivision

Building Details

  • Operating Expense $103,969
  • Gross Income $275,509

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,758

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: All Utilities
  • Year Built: 1910
  • Attribution Contact: 585-735-7739
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Irregular Lot, Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: Benjamin Wright
  • Directions: Head South on State Street. The property is located on the West Side of State Street, just before Jay Street.
  • Flooring: Ceramic Tile, Luxury Vinyl, Varies
  • Garage Yn: No
  • Year Built Details: Existing
  • Property Sub Type Additional: Commercial
  • Special Features: VirtualTour

Interior Features

  • Appliances: Common Water Heater, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator
  • Basement: None
  • Basement YN: No
  • Total Bedrooms: 7
  • Stories: 4
  • Stories: 4

Exterior Features

  • Acres: 0.67
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: One Space, Driveway, No Garage, Shared Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Rochester

Lot Info

  • Parcel Number: 261400-106-610-0001-040-003-0000
  • Lot Dimensions: 116X271
  • Lot Size Sq Ft: 29185.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 275509.0
  • Annual Operating Expense: 103969.0

Tax Info

  • Tax Annual Amount: 20758.0
  • Tax Lot: 40

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Price Changed $1,675,000 -5.6% $74 / Sq Ft
02/11/2025 02/11/25 Price Changed $1,775,000 -1.1% $79 / Sq Ft
12/02/2024 12/02/24 For Sale $1,795,000 -- $80 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1579705

Upstate New York Real Estate Information Services (UNYREIS)