Active Under Contract
248 State Route 31, Macedon NY 14502
MLS# R1666258
$425,000
Price
4
Beds
4
Baths
3,871
Living Area (Sq.Ft.)
0.8
Lot Area (Acres)
$425,000
Price
4
Beds
4
Baths
3,871
Living Area (Sq.Ft.)
0.8
Lot Area (Acres)
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.
Status
Active Under Contract
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1875
Parcel Number
543000-061-111-0000-143-732-0000
Unit Number
--
Lot Features
Agricultural, Rectangular, Rectangular Lot
Levels
Two
Stories
2
Bath Rooms Full
4
Property Condition
Resale
Elementary School District
Palmyra-Macedon
Middle Or Junior School District
Palmyra-Macedon
High School District
Palmyra-Macedon
Location
Listing Agent
Amber R McGuckin
Listing Office
RE/MAX Realty Group
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, F H A, Usda Loan, Va Loan
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-03-16
Owner Pays
Other, See Remarks
Rent Includes
Other, See Remarks
Fire Places Total
0
Flooring
Laminate, Varies
Heating
true
Heating Features
Electric, Baseboard
Appliances
Gas Water Heater
Garage
true
Garage Spaces
2
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Sewer Connected, Water Connected
Parking Features
Common, Paved, Parking Available, Two Or More Spaces
Foundation Details
Block
Basement
Full
Construction Materials
Vinyl Siding
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.