$229,000
500 1/2 Lyell Avenue
Rochester, NY, 14606
Investor Alert! Welcome to this fully vacant 4-unit building, offering a clean slate and strong rental potential right from the start! Each unit features 2 bedrooms and 1 full bathroom, with a layout that suits a wide range of tenants.
Units 1, 2, and 4 have been thoughtfully updated throughout, showcasing durable LVP flooring, fresh finishes, and modern fixtures. These units also come equipped with a stove/oven and refrigerator, making them fully move-in ready.
A blacktop parking area at the rear of the building provides convenient off-street parking—an added bonus for tenants and a desirable amenity that enhances overall appeal. And with all four units currently vacant, you have full control over tenant selection and rental strategy from day one.
Each unit has the potential to generate $800–$1,000/month in rent, offering a projected gross monthly income of $3,200–$4,000. Whether you’re a seasoned investor or just getting started, this is a rare chance to secure an income-producing asset with the potential for immediate cash flow!
Units 1, 2, and 4 have been thoughtfully updated throughout, showcasing durable LVP flooring, fresh finishes, and modern fixtures. These units also come equipped with a stove/oven and refrigerator, making them fully move-in ready.
A blacktop parking area at the rear of the building provides convenient off-street parking—an added bonus for tenants and a desirable amenity that enhances overall appeal. And with all four units currently vacant, you have full control over tenant selection and rental strategy from day one.
Each unit has the potential to generate $800–$1,000/month in rent, offering a projected gross monthly income of $3,200–$4,000. Whether you’re a seasoned investor or just getting started, this is a rare chance to secure an income-producing asset with the potential for immediate cash flow!
Property Details
Price:
$229,000
MLS #:
R1602684
Status:
Active
Beds:
6
Baths:
4
Address:
500 1/2 Lyell Avenue
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Myrtle Hill Subn
Neighborhood:
Rochester City-261400
City:
Rochester
Listed Date:
May 7, 2025
State:
NY
Finished Sq Ft:
3,732
Total Sq Ft:
3,732
ZIP:
14606
Lot Size:
5,718 sqft / 0.13 acres (approx)
Year Built:
1900
Units:
4
Schools
School District:
Rochester
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Luxury Vinyl, Tile, Varies
Heating
Electric, Baseboard
Exterior
Construction Materials
Brick, Copper Plumbing, Pex Plumbing
Parking Features
Paved, Parking Available
Financial
Taxes
$6,433
Mortgage Calculator
Map
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Listing courtesy of Elysian Homes by Mark Siwiec and Associates,
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated Jun-01-2025 9:07:14 am.
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated Jun-01-2025 9:07:14 am.
500 1/2 Lyell Avenue
Rochester, NY
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