Welcome to 481 Meigs Street (14607)! This classic three-family home offers excellent potential for long-term investment income. Located in the heart of Rochester’s highly desirable Pearl–Meigs–Monroe neighborhood, you’ll enjoy close proximity to local dining, shopping, and entertainment. The upper is a 1 bed, 1 bath unit is currently rented for $1,050/mo. The lower unit, also rented for $1,050 per month, is a 2 bed, 1 bath unit. The Studio is a short term rental and rented through Air BNB. Bookings are through June, but not beyond. This Studio comes fully furnished making it completely turnkey averaging 1260/mo. Additional features include a basement with coin-operated laundry for added income, newer roof, 3 newer furnaces, freshly painted exterior, gleaming hardwood floors throughout all units, 100 Amp services for each apartment, and designated off-street parking with 3.5 bay garage. The property also comes with a transferrable C of O. All appliances will convey with the sale. Don’t miss your chance to add this solid, income-producing property to your portfolio! Negotiations begin Wednesday, May 13th at 4:00 PM.
Multi-familyProperty Type
1900Year Built
5,600 sq ftLot Size
$130Price/Sq.Ft.
3 car garageParking
Listing by Scott Tantalo• Keller Williams Realty Greater Rochester
•585-758-8400 (broker)
•chuckhilbert@kw.com (broker)
Contact: 585-259-8627
Bought with Robert Piazza Palotto• High Falls Sotheby's International Realty
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.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Office
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 3
Parking
Features: Garage, See Remarks, Two Or More Spaces
Interior
Bathroom Information
# of Full Bathrooms: 3
Room Information
Has Basement
Basement Information: Full
Equipment
Appliances: Gas Water Heater
Interior Features
Flooring: Hardwood, Tile, Varies
Multi Unit Information
# Of Units Total: 3
# Of Units In Community: 3
# Of Separate Gas Meters: 3
# Of Separate Electric Meters: 3
Multi Unit Financial Information
Operating Expense Includes: Water/Sewer
Unit Type 1
Unit Description: Oven/ Range,Refrigerator,Eat-In Kitchen
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Total Rent: $1,050
Actual Rent: $1,050
Actual Rent Range: 1050
Unit is Leased
Unit Type 2
Unit Description: Oven/ Range,Refrigerator,Eat-In Kitchen
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Total Rent: $1,050
Actual Rent: $1,050
Actual Rent Range: 1050
Unit is Leased
Unit Type 3
Unit Description: Oven/ Range,Refrigerator,Dining Area With Living Room
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Total Rent: $1,260
Actual Rent: $1,260
Actual Rent Range: 1260
Exterior
Building Information
Stories (Total): 2
Year Built Details: Existing
Construction Details: Wood Siding
Lot Information
Lot Size Area: 0.1286
Lot Size Acres: 0.1286
Lot Size Dimensions: 40X140
Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Road Frontage Type: City Street
Property Information
Resale
Financial
Assessments and Fees
Assessed Value: $293,000
Tax Information
Annual Tax Amount: $6,893
Rental Information
Owner Pays: Trash Collection, Water
Rent Includes: Trash Collection, Water
Utilities
Utility Information
Utilities: Sewer Connected, Water Connected
Sewer: Connected
Water Source: Connected, Public
Heating & Cooling
Has Heating
Heating: Gas, Forced Air
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 2,192
Stories: 2.5
Lot Size: 5,600 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Monroe County
APN: 261400A12157000030390000000
Home facts updated by county records on Sep 1, 2026
Around this home
Schools
School 35 Pinnacle
Public PreK-6 • Assigned • 0.6mi
4/10
School Of The Arts
Public 7-12 • Assigned • 1.0mi
3/10
James Monroe High School
Public 9-12 • Assigned • 0.2mi
1/10
Provided by GreatSchools
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, 1 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
84
66
79
60
75
55
62
45
49
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$286,000 – $347,000
Reach more buyers when you sell with Redfin. Plus, you'll save $3,010 in fees.