$399,900

For Sale

9 days ago

1342 - 1344 Dewey Ave, Rochester, NY

Name: 1342 - 1344 Dewey Ave, For Sale in Rochester - eXp Realty
Brand: Rich Realty
SKU: R1673600
Price: 399900 USD

MLS® R1673600

8 Bed

0 Bath

7260 sqft

1 Parking

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 7260 sqft

Garage Yes

HOA Fees

Taxes $7,481

Days Active 9

Approx. Age 1920

Avg. Price Per Sqft $55

MLS® Number R1673600

Property Address: 1342-1344 Dewey Ave, Rochester, NY, 14613-1154

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

Description

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.

MLS® NumberR1673600

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1920

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 14, 2026List Date

$399,900List Price

Commute

Commute

Starting Address

Destination Address

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