New

$425,000

For Sale

A day ago

248 State Route 31, Macedon, NY

Name: 248 State Route 31, For Sale in Macedon - eXp Realty
Brand: re/max realty group
SKU: R1666258
Price: 425000 USD

MLS® R1666258

4 Bed

4 Bath

3871 sqft

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size 3871 sqft

Garage Yes

Taxes $6,053

Days Active 1

Lot Size 0.8 acres

Approx. Age 1875

Avg. Price Per Sqft $109

MLS® Number R1666258

Property Address: 248 State Route 31, Macedon, NY, 14502-8893

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional 4 unit multi-family investment property in Macedon, NY offering an outstanding opportunity for both investors and owner-occupant landlords. This freshly remodeled 3871sqft building is move-in ready and positioned to generate strong rental income in a highly convenient location. Each apartment comes equipped with brand-new kitchen appliances. The massive first-floor unit offers premium living space rarely found in multi-family properties and is ideal for an owner-occupant or high-end rental. This unit includes 1.5 bathrooms, a walk-in closet, dedicated laundry room, and a large living room with a gas fireplace. From an operational standpoint, the property is designed for efficiency with separate utilities, individual water heaters, and separate electrical panels for each unit, simplifying management and reducing owner expenses. The property features durable scratch/water-resistant laminate flooring throughout along with many newer vinyl replacement windows. Three of the four units include in-unit laundry hookups, a desirable feature for tenants that can support higher rents and lower turnover. Based on market rents averaging approximately $1, 200 per unit, the property has the potential to generate over $57, 000 in gross annual rental income, creating more than $50, 000 in annual cash flow potential. Exterior amenities include a large attached two-car garage, ample driveway parking, and additional parking available in the adjacent lot, providing plenty of space for residents and guests. The location is a major advantage. Situated in Macedon, New York, the property is within walking distance to Lowe’s, Walmart, Tractor Supply, and other major retailers, while being just 5 minutes from Perinton Square and less than 15 minutes from Pittsford, offering easy access to shopping, dining, and employment centers throughout the greater Rochester area. Whether you are looking for a cash-flowing four-unit investment property near Rochester, NY, a house-hack opportunity, or a turnkey multi-family building in Macedon, this property delivers strong rental potential, modern updates, and an excellent location. Showings begin Thursday, March 19th at 8am.

MLS® NumberR1666258

Laundry Level

Central VacNo

FireplaceNo

Acreage0.8

Exterior

GarageYes

Approx. Age1875

BasementFull

DrivewayCommon, Paved, Parking Available, Two Or More Spaces

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 16, 2026List Date

$425,000List Price

Commute

Commute

Starting Address

Destination Address

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