Introducing a prime investment opportunity in the heart of Rochester, NY – 571 Lake Ave. This 23-unit brick apartment building with 4 storage garages offers immense potential for rental income growth. Built in 1910, the property features a mix of units including 1 studio, 18 one-bedroom, and 4 two-bedroom apartments over 18,816 square feet. Currently, the rents are significantly below market value, presenting a unique opportunity for a savvy investor to enhance cash flow.
With separate utilities, a solid payment history from all cash tenants, and the potential to increase rents and utilize the garage units, this property is a lucrative find. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don’t miss out on the chance to own a piece of Rochester’s real estate market with 571 Lake Ave.
Cap does not include potential income from garage units. Also does not include management/vacancy or repair assumption. Proof of funds and proof of financing requester before all showings. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
With separate utilities, a solid payment history from all cash tenants, and the potential to increase rents and utilize the garage units, this property is a lucrative find. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don’t miss out on the chance to own a piece of Rochester’s real estate market with 571 Lake Ave.
Cap does not include potential income from garage units. Also does not include management/vacancy or repair assumption. Proof of funds and proof of financing requester before all showings. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
Property Details
Price:
$1,095,000
MLS #:
R1611866
Status:
Active
Beds:
0
Baths:
0
Address:
571 Lake Avenue
Type:
Single Family
Subtype:
Other
Subdivision:
Mc Crackenville & Street
Neighborhood:
Rochester City-261400
City:
Rochester
Listed Date:
Jun 3, 2025
State:
NY
Finished Sq Ft:
28,224
Total Sq Ft:
28,224
ZIP:
14613
Lot Size:
15,656 sqft / 0.36 acres (approx)
Year Built:
1910
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Schools
School District:
Rochester
Interior
Appliances
Gas Water Heater, See Remarks
Cooling
Other, See Remarks
Flooring
Ceramic Tile, Hardwood, Varies
Heating
Gas, Other, See Remarks, Forced Air
Laundry Features
Coin Operated
Exterior
Community Features
Laundry Facilities, Other, See Remarks
Construction Materials
Brick
Exterior Features
See Remarks
Parking Features
None
Roof
Other, See Remarks
Financial
Taxes
$24,001
Map
Community
- Address571 Lake Avenue Rochester NY
- SubdivisionMc Crackenville & Street
- CityRochester
- CountyMonroe
- Zip Code14613
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Listing courtesy of Rich Realty,
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated Jun-06-2025 8:40:50 pm.
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated Jun-06-2025 8:40:50 pm.
571 Lake Avenue
Rochester, NY
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