91 Wellington Avenue W, Rochester, NY 14611
- $397,000
- 3
- BD
- 4,672
- SqFt
- List Price
- $397,000
- Status
- PENDING
- MLS#
- R1656304
- Price Change
- ▲ $57,000 1768604783
- Year Built
- 1925
- Stories
- 3
- Bedrooms
- 3
- Acres
- 0.21
- Living Area
- 4,672
- Subdivision
- Hawthorne Terrace
- Region
- Rochester City
- Neighborhood
- Hawthorne Terrace
Property Description
91 Wellington Avenue is a stabilized 6-unit multifamily property located in Rochester, New York, offering strong in-place cash flow at a compelling basis. The property consists of 3 studios, 2 one-bedroom units, and 1 two-bedroom unit, supported by 8 total bathrooms, allowing for functional layouts and tenant flexibility.The building generates $69,600 in annual gross rent with a Net Operating Income of approximately $58,023, translating to an attractive 14.6% cap rate at the $397,000 asking price. Expenses are straightforward and conservative, with tenants paying all utilities except water. This asset is well-suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth.Ideal for buy-and-hold investors, 1031 exchange buyers, or operators looking for a strong cash-flowing asset in an affordable Northeast market. Property Highlights 6 units total 3 Studios | 2 One-Bedrooms | 1 Two-Bedroom.
Additional Information
- Taxes
- $5,271
- Interior Features
- Skylights, Natural Woodwork
- Exterior Features
- Blacktop Driveway, Fence, Private Yard, See Remarks
- School District
- Rochester
- Elementary School
- Dr Charles Lunsford #19
- High School
- Joseph C Wilson Magnet Commencement Academy
- Water
- Connected, Public
- Sewer
- Connected
- Garage Spaces
- 1
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Listing courtesy of Berkshire Hathaway HS Zambito. Contact: