Open House
Active
196 Driving Park Avenue, Rochester NY 14613
MLS# R1673542
$399,900
Price
4
Beds
-
Baths
5,313
Living Area (Sq.Ft.)
0.227
Lot Area (Acres)
$399,900
Price
4
Beds
-
Baths
5,313
Living Area (Sq.Ft.)
0.227
Lot Area (Acres)
Friday, April 17, 2026
4:00 PM - 5:00 PM
Investment Opportunity – 8 Unit Multifamily. Well-positioned 8-unit multifamily property offering immediate value-add potential with minimal renovation risk. Featuring a desirable unit mix of four one-bedroom apartments and four studio units, this property is ideal for investors looking to lease up and stabilize. <br> <br>Current Income: <br>• 1BR – $980 <br>• 1BR – $1,149 (includes utilities) <br>• 1BR – $700 <br>• 5 Units currently vacant and ready for lease-up <br> <br> <br>Utilities & Mechanical Systems: <br>• Separate forced hot air furnaces for each unit <br>• Individual electric panels (circuit breakers) <br>• Separate hot water tanks <br> <br> <br>Tenants pay their own utilities, helping reduce operating expenses. <br> <br> <br>Property Features: <br>• Solid all-brick construction <br>• Large lot <br>• Tear-off roof completed in 2024 <br>• Certificate of Occupancy valid through 1/22/2028 <br>• Vacant units to be delivered rent-ready <br> <br> <br>Annual Expenses: <br>• Taxes: $6,638 <br>• Insurance: $2,812 <br>• Trash: $1,400 <br> <br> <br>Investment Highlights: <br>Over 60% of the building is vacant, allowing a new owner to control tenant selection and maximize rental income from day one. Ideal for investors seeking a straightforward lease-up strategy with strong potential for increased cash flow and appreciation. <br> <br> <br>Cash buyers please or please provide a bank term sheet indicating a willingness to lend on a near vacant building. <br>Don’t miss this opportunity to acquire a high-upside asset with key improvements already completed. Schedule your showing today.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1920
Parcel Number
261400-090-820-0003-046-000-0000
Unit Number
--
Subdivision Name
Bantels
Lot Features
Irregular Lot, Near Public Transit
Levels
Two
Lot Size Dimensions
117X83
Stories
2
Community Features
Other,SeeRemarks
Property Condition
Resale
Elementary School District
Rochester
Middle Or Junior School District
Rochester
High School District
Rochester
Location
Listing Agent
Mark J. Palazzo
Listing Office
Rich Realty
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Other, See Remarks
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-04-14
Owner Pays
Other, See Remarks
Rent Includes
Other, See Remarks
Fire Places Total
0
Flooring
Other, See Remarks
Heating
true
Heating Features
Gas, Forced Air
Appliances
Gas Water Heater, See Remarks
Garage
--
Garage Spaces
--
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Pitched
Utilities
Sewer Connected, Water Connected
Basement
Full
Construction Materials
Brick
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.