Exceptional 4 unit multi-family investment property in Macedon, NY offering an outstanding opportunity for both investors and owner-occupant landlords. This freshly remodeled 3871sqft building is move-in ready and positioned to generate strong rental income in a highly convenient location. Each apartment comes equipped with brand-new kitchen appliances. The massive first-floor unit offers premium living space rarely found in multi-family properties and is ideal for an owner-occupant or high-end rental. This unit includes 1.5 bathrooms, a walk-in closet, dedicated laundry room, and a large living room with a gas fireplace. From an operational standpoint, the property is designed for efficiency with separate utilities, individual water heaters, and separate electrical panels for each unit, simplifying management and reducing owner expenses. The property features durable scratch/water-resistant laminate flooring throughout along with many newer vinyl replacement windows. Three of the four units include in-unit laundry hookups, a desirable feature for tenants that can support higher rents and lower turnover. Based on market rents averaging approximately $1,200 per unit, the property has the potential to generate over $57,000 in gross annual rental income, creating more than $50,000 in annual cash flow potential. Exterior amenities include a large attached two-car garage, ample driveway parking, and additional parking available in the adjacent lot, providing plenty of space for residents and guests. The location is a major advantage. Situated in Macedon, New York, the property is within walking distance to Lowe’s, Walmart, Tractor Supply, and other major retailers, while being just 5 minutes from Perinton Square and less than 15 minutes from Pittsford, offering easy access to shopping, dining, and employment centers throughout the greater Rochester area. Whether you are looking for a cash-flowing four-unit investment property near Rochester, NY, a house-hack opportunity, or a turnkey multi-family building in Macedon, this property delivers strong rental potential, modern updates, and an excellent location. Showings begin Thursday, March 19th at 8am.
Property Details
Price:
$425,000
MLS #:
R1666258
Status:
ActiveUnderContract
Beds:
4
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
macedon543000
Listed Date:
Mar 16, 2026
Finished Sq Ft:
3,871
Total Sq Ft:
3,871
Lot Size:
34,848 sqft / 0.80 acres (approx)
Year Built:
1875
Units:
4
See this Listing
Schools
School District:
Palmyra-Macedon
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Laminate, Varies
Heating
Electric, Baseboard
Levels
Two
Exterior
Construction Materials
Vinyl Siding
Garage Spaces
2
Lot Features
Agricultural, Rectangular, Rectangular Lot
Parking Features
Common, Paved, Parking Available, Two Or More Spaces
Roof
Asphalt
Stories
2
Financial
Taxes
$8,293
Map
Community
- Address248 State Route 31 Macedon NY
- CityMacedon
- CountyWayne
- Zip Code14502
Market Summary
Current real estate data for Multi Family in Macedon as of Apr 23, 2026
2
Multi Family Listed
26
Avg DOM
90
Avg $ / SqFt
$500,000
Avg List Price
Property Summary
- 248 State Route 31 Macedon NY is a Multi Family for sale in Macedon, NY, 14502. It is listed for $425,000 To schedule a showing of MLS#r1666258 at 248 State Route 31 in Macedon, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of RE/MAX Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 248 State Route 31
Macedon, NY



