1344 Dewey Avenue #1342, Rochester, NY 14613
Local realty services provided by:CENTURY 21 Bridgeway Realty
1344 Dewey Avenue #1342,Rochester, NY 14613
$599,900
- 8 Beds
- - Baths
- 7,260 sq. ft.
- Multi-family
- Active
Listed by: mark j. palazzo
Office: rich realty
MLS#:R1673600
Source:NY_GENRIS
Price summary
- Price:$599,900
- Price per sq. ft.:$82.63
About this home
10-Unit Value-Add Opportunity – Complete the renovations | 1342–1344 Dewey Ave
Strong opportunity to acquire a 10-unit multifamily property with most of the heavy lifting already completed. This asset consists of 8 one-bedroom units and 2 basement studio units, offering immediate income potential with additional upside after remaining renovations are completed. C of O transfers to new buyer and expires November 2027.
Property Highlights:
• 10 total units: 8 one-bedroom, 2 studio (basement)
• 8 units delivered with some renovations still needed to be done (basement units, up to 4 of the one bedrooms and some kitchens need some work)
• Separate electric and cooking gas
• Heat and hot water included
• Updated interiors featuring newer kitchens, hardwood and vinyl plank flooring
• Replacement windows and new exterior doors
• Steam boiler (2020)
• Security camera system included
Value-Add Potential:
The property has already undergone significant improvements, including remediation from minor neighboring fire impact. Finalize remaining updates to unlock additional income and force appreciation.
Exterior & Major Systems:
• Flat torch-down roof currently being freshly silver-coated
• Clean mechanicals and solid infrastructure already in place
Additional Parcel:
• 1346 Dewey Ave included (separate parcel) – parking lot with existing garage (must be demolished)
Investment Highlights:
• Immediate cash flow from rent-ready units
• Proven value-add without full renovation scope
• Ability to increase income through unit completion and lease-up
• Efficient path to stabilization and long-term returns
Expenses before the fire next door:
City tax: $5,056; County tax $2,424; Insurance $6,234; House meter utilities $6,000; Refuse $2,000
Cash buyers only or buyers with a bank term sheet from a bank willing to finance a vacant building in need of some renovations. The plan is group showings with the first not yet scheduled....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:R1673600
- Added:1 day(s) ago
- Updated:April 15, 2026 at 07:38 PM
Rooms and interior
- Bedrooms:8
- Basement:Yes
- Basement Description:Partial
- Living area:7,260 sq. ft.
Heating and cooling
- Heating:Gas, Hot Water
Structure and exterior
- Year built:1920
- Building area:7,260 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Irregular Lot, Near Public Transit
- Levels:3 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$599,900
- Price per sq. ft.:$82.63
- Tax amount:$7,481
Parking
- Parking description:Garage, One Space
- Garage:Yes
- Garage spaces:1
New listings near 1344 Dewey Avenue #1342
- New
$119,900Active6 beds 2 baths2,696 sq. ft.274 Champlain Street, Rochester, NY 14608
MLS# R1669934Listed by: EXP REALTY, LLC - New
$149,900Active3 beds 1 baths1,026 sq. ft.131 Langford Road, Rochester, NY 14615
MLS# R1671700Listed by: REVOLUTION REAL ESTATE - New
$189,900Active4 beds 1 baths1,224 sq. ft.134 Tryon Park, Rochester, NY 14609
MLS# R1672456Listed by: KELLER WILLIAMS REALTY GREATER ROCHESTER - New
$234,900Active3 beds 2 baths1,566 sq. ft.269 Hartsdale Road, Rochester, NY 14622
MLS# R1673682Listed by: ELYSIAN HOMES BY MARK SIWIEC AND ASSOCIATES - New
$199,900Active3 beds 1 baths1,055 sq. ft.139 Camille Drive, Rochester, NY 14612
MLS# R1673688Listed by: ELYSIAN HOMES BY MARK SIWIEC AND ASSOCIATES - New
$299,900Active3 beds 3 baths1,856 sq. ft.99 Old English Drive, Rochester, NY 14616
MLS# R1673747Listed by: CENTURY 21 APEX - New
$279,900Active3 beds 3 baths2,072 sq. ft.136 Chimney Hill Road, Rochester, NY 14612
MLS# R1673750Listed by: KELLER WILLIAMS REALTY GREATER ROCHESTER - New
$199,900Active3 beds 1 baths1,322 sq. ft.65 Camden Street, Rochester, NY 14612
MLS# R1672465Listed by: KELLER WILLIAMS REALTY GREATER ROCHESTER - New
$200,000Active4 beds 2 baths1,724 sq. ft.48 Chester Avenue, Rochester, NY 14623
MLS# R1673350Listed by: KELLER WILLIAMS REALTY GREATER ROCHESTER - New
$533,800Active3 beds 3 baths2,179 sq. ft.75 Mount Cassino, Rochester, NY 14612
MLS# R1671819Listed by: EMPIRE REALTY GROUP