BEDS10
BATHS5 full 2 partial
SQUARE FEET5,109
MLS#R1722445
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONC Johnson
SCHOOLRochester
Property Description
Welcome to 587 University Avenue, a well-positioned three-unit property in Rochester's desirable 14607 area. The first-floor unit is currently vacant and was previously rented for $2,800/month, offering an excellent opportunity for an owner-occupant or investor to occupy one unit while generating rental income from the remaining apartments.The second-floor unit features 3 bedrooms and 1.5 bathrooms and is leased through June 2027 at $1,500/month, with a detached garage available for an additional $100/month. The third-floor unit offers 2 bathrooms and is currently rented for $1,950/month.Recent updates include new HVAC systems on two units and a side condenser approximately 2 years ago, new electrical breakers and house meters approximately 20 years ago, and a water heater approximately 10 years old. Conveniently located near the University of Rochester, Strong Memorial Hospital, shopping, dining, and neighborhood amenities.A great opportunity for an owner-occupant looking to offset their housing costs or an investor seeking a multifamily property with established rental income and additional income potential. Delayed Negotiations until 10/30/2026 @4:20 PM.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Fireplaces: 5
Garage: 2
Heating: Gas, Forced Air
Home Style: Triplex
Lot Size: 0.23 Acres
Stories: 2.0
Taxes: $13,410
Year Built: 1893
Amenities
Cedar Closet(s)
Ceiling Fan(s)
Entrance Foyer
Feature Descriptions
Days on Site: 8
Exterior: Blown-In Insulation, Brick, Frame
Flooring: Hardwood, Laminate, Tile, Varies
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 63X161
Parcel#: 261400-121-270-0001-011-000-0000
Parking: Paved, Parking Available, Two or More Spaces, Garage
Parking Notes: Paved, Parking Available, Two or More Spaces, Garage
Sewer: Connected
Units: 3
Utilities: Sewer Available, Sewer Connected, Water Available, Water Connected
Water: Connected, Not Connected, Public
Window: Leaded Glass
Local Schools
School District: Rochester
Listed By / Shown By
Listing By
Agency Name: East Ave Realty
Agency Phone: 585-623-3397
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
Estimate Your Payment
Estimated Payment
$ 2,829.22 per month $1,513.39 Principal & Interest $1,117.50 Property Tax $198.33 Homeowner's Insurance
587 University Avenue | MLS# R1722445
This multi-family property located at 587 University Avenue, Rochester, NY 14607 is currently listed for sale with an asking price of $680,000. University Avenue is located within the Rochester school district. Search Rochester real estate on www.mjpeterson.com today.