397-399 University Avenue Rochester, NY $ 499,900
397-399 University Avenue
$ 499,900
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397-399 University Avenue

Rochester, NY, 14607
$ 499,900
Bedrooms6 Baths4.0 Sq 2,628

Monthly Estimate*

$ 3,078

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Multi-Family Home for sale in Rochester, NY

for $499,900 with 6 bedrooms and 4 full baths. This 2,628 square foot home was built in 1920 on a lot size of 0.11.

A remarkable three-unit investment opportunity located just minutes from great restaurants, boutique shopping, cafes, and popular local hotspots. This lovingly-maintained multifamily property offers strong rental potential and is an excellent addition to any portfolio—ideal for both new and experienced investors. The first-floor unit features three bedrooms, two full bathrooms, and the convenience of in-unit laundry. Upstairs, there is a spacious two-bedroom, one-bath apartment, along with a separate one-bedroom, one-bath unit next door. The one-bedroom apartment also includes complimentary laundry access in the basement. Each unit offers comfortable living space with updated kitchens and bathrooms, making this property appealing to both tenants and owner-occupants. Recent improvements include updated windows, gutters, and fresh interior finishes throughout. Additional highlights include a partially fenced yard, off-street parking, and many updates that make this a true turnkey investment opportunity. • Group Showings: Sunday, April 12th: 6:00–7:00 PM Tuesday, April 14th: 2:00–3:00 PM Thursday, April 16th: 6:00–7:00 PM. Must be accompanied by an agent. Offers Due April 16th, 2026 at 9:00 PM.

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Multi-Family Active

Price

$ 499,900

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,659

Style

Triplex

Lot Size

0.11

Year Built

1920

Town/City

Rochester

County/Region

Monroe

MLS | Web ID

R1672250

Features
Interior
Interior Amenities CeilingFans Storage ProgrammableThermostat
Basement Full
Flooring CeramicTile Hardwood LuxuryVinyl Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features LeadedGlass StormWindows ThermalWindows
Fireplace Y/N No
Half Baths 0
Laundry Features CommonArea
Total Bedrooms 6
Main Level Bathrooms 0
Total Baths 4
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General
Sewer Connected
Heating Gas ForcedAir
Cooling WindowUnits
Utilities CableAvailable HighSpeedInternetAvailable SewerConnected WaterAvailable
Possession CloseOfEscrow SubjectToTenantRights
Roof Asphalt Shingle
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Covered Porch
Architectural Style Triplex
Construction Materials VinylSiding CopperPlumbing PexPlumbing
School District Rochester
Year Built 1920
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 4900.0
County Monroe
Property Type Residential
Subdivision Name Laidlaw Resub
Rent Includes Gardener Heat SnowRemoval TrashCollection Water
Full Baths 4
Status Active
Directions 397 University Ave is located in the Neighborhood of the Arts. From I-490 take the Goodman Street exit north then turn left onto University Ave. The property will be on your right shortly after Alex
City Rochester
Senior Community Y/N No
High School District Rochester
Number Of Units Total 3
MLS Area Rochester City-261400
Lot Size Units Acres
Lot Size Square Feet 4792.0
Year Built Details Existing
Tax Annual Amount 8659.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Rochester
Elementary School District Rochester
Tax Assessed Value 370000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 33
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Exterior
Exterior Amenities Fence
Fencing Partial
Parking Features Paved ParkingAvailable TwoOrMoreSpaces
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source NotConnected Public
Lot Size Area 0.11
Foundation Details Block
Building Area Total 2628.0
Lot Dimensions 38X129
Lot Size Acres 0.11
Waterfront Y/N No
Number of Separate Gas Meters 5
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
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Internal Only
Street Number 1 397
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* Excluded Features
List By
Howard Hanna

Broker

(585) 673-3794

Phone

Affordability Calculator

$3,800
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$722
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1445827 Elementary School
1445318 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2026$499,900 Listed Price

Map


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397-399 University Avenue, Rochester, NY, 14607 is a Multi-Family Home for sale at $499,900 with 2,628 sqft and a lot size of 0.11. 397-399 University Avenue has 6 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 14607 which is in Rochester, NY