Well-maintained 7-unit investment property near East Avenue and Alexander! Towards University Ave on the South side of Alexander. The main building features 4-1 bdrm, 2 studio units, six basement storage rooms, coin-operated laundry, and eight parking spaces. A detached carriage house offers an additional two-bedroom unit. Gross annual income is $80688, with rents currently below market and several long-term tenants. Annual expenses are $24769, resulting in an 8.9% cap rate. The contractor-owner has extensively improved and consistently maintained the property since 2009. Showings are BY APPOINTMENT ONLY in two group showings. Saturday, September 12, from 11:00 AM–12:30 PM and Sunday, September 13, from 11:00 AM–12:30 PM. Delayed negotiations until Tuesday, September 15, at 1:00 PM. Sq. Ft. includes both buildings.
Multi-familyProperty Type
1900Year Built
10,212 sq ftLot Size
$81Price/Sq.Ft.
1 spaceParking
Listing by John Denniston• Hunt Real Estate ERA/Columbus
•585-388-1400 (broker)
Listing by Nicolas Welch• Hunt Real Estate ERA/Columbus
East Avenue, located between Downtown Rochester and the Park Avenue area, is a historic and walkable Rochester neighborhood with grand mansions and a museum-lined streetscape. The neighborhood’s character concentrates around East Ave and Alexander St, where galleries, cocktail bars, and chef-driven dining set a polished, late-evening rhythm. The George Eastman Museum anchors the avenue with film culture and gardens, while the Memorial Art Gallery adds a campus-like arts presence nearby. Architectural cues shift from Gilded Age estates to brick apartment buildings and restored townhouses. Tree-canopied blocks lead toward the East End’s theaters and music rooms, keeping the streets active after dark.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Ceiling fans
Intercom system
On-site storage
Thermal windows
Kitchen
Dishwasher
Electric oven
Electric range
Refrigerator
Gas water heater
Laundry & utility
Common area laundry
Coin-operated machines
Flooring
Carpet
Hardwood
Tile
Varied flooring types
Heating & cooling
Gas heating
Forced air
Radiant heat
Wall air conditioning units
Exterior features
Blacktop driveway
Deck
Partial fencing
Near public transit
Residential setting
Home design
3-story building
Resale property
Parking
Driveway parking
One assigned space
No garage
Construction
Block, concrete and stone construction with vinyl siding
Architectural shingle roof
Utilities
Public water connected
Sewer connected
High-speed internet available
Cable available
Circuit breaker electrical service
HOA & community
Laundry facilities on-site
Financial info
Gross annual income reported for the multi-unit building: $80,688
Owner pays grounds care, snow removal and trash collection
Operating expenses may include electric, insurance, maintenance (structure and general), supplies, trash, snow removal and water/sewer; see remarks
Electricity and solar
View estimated energy costs and solar savings for this home
The R-2 Medium-Density Residential District provides a mix of housing choices. The inclusion of single-family residential, two-family residential and multifamily residential provides a diversity of housing choices while the bulk and density regulations maintain the lower-density scale of the neighborhoods. These residential areas are located proximate to neighborhood-scale shopping and service opportunities. The district requirements are intended to preserve, promote and protect a quality of urban residential living characterized by unobstructed front yards, pedestrian-scale streetscapes and buildings scaled and designed to be compatible with the neighborhood.
Zone overlays
Overlay Office District
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Rochester, NY • 14607
Average low and high temperatures (°F)
29
19
32
19
50
30
58
40
66
48
79
60
83
65
79
60
74
53
62
45
49
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 366 Alexander St #366
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.