196 Driving Park Avenue, Rochester, NY 14613
Local realty services provided by:CENTURY 21 Turner Brokers
196 Driving Park Avenue,Rochester, NY 14613
$399,900
- 4 Beds
- - Baths
- 5,313 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Fri, Apr 1712:00 pm - 01:00 pm
Listed by: mark j. palazzo
Office: rich realty
MLS#:R1673542
Source:NY_GENRIS
Price summary
- Price:$399,900
- Price per sq. ft.:$75.27
About this home
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.
Current Income:
• 1BR – $980
• 1BR – $1,149 (includes utilities)
• 1BR – $700
• 5 Units currently vacant and ready for lease-up
Utilities & Mechanical Systems:
• Separate forced hot air furnaces for each unit
• Individual electric panels (circuit breakers)
• Separate hot water tanks
Tenants pay their own utilities, helping reduce operating expenses.
Property Features:
• Solid all-brick construction
• Large lot
• Tear-off roof completed in 2024
• Certificate of Occupancy valid through 1/22/2028
• Vacant units to be delivered rent-ready
Annual Expenses:
• Taxes: $6,638
• Insurance: $2,812
• Trash: $1,400
Investment Highlights:
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.
Cash buyers please or please provide a bank term sheet indicating a willingness to lend on a near vacant building.
Don’t miss this opportunity to acquire a high-upside asset with key improvements already completed. Schedule your showing today....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:R1673542
- Added:2 day(s) ago
- Updated:April 16, 2026 at 10:46 PM
Rooms and interior
- Bedrooms:4
- Basement:Yes
- Basement Description:Full
- Living area:5,313 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Pitched
- Year built:1920
- Building area:5,313 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Irregular Lot, Near Public Transit
- Construction Materials:Brick
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$399,900
- Price per sq. ft.:$75.27
- Tax amount:$6,639
New listings near 196 Driving Park Avenue
- New
$549,900Active5 beds 4 baths3,251 sq. ft.267 Westminster Road, Rochester, NY 14607
MLS# R1672318Listed by: HOWARD HANNA - New
$217,900Active2 beds 2 baths1,262 sq. ft.295 Hidden Valley Road, Rochester, NY 14624
MLS# R1672727Listed by: HOWARD HANNA - New
$59,000Active3 beds 2 baths1,288 sq. ft.207 Herald Street, Rochester, NY 14621
MLS# R1672977Listed by: RE/MAX REALTY GROUP - New
$79,900Active4 beds 2 baths1,508 sq. ft.749 Avenue D, Rochester, NY 14621
MLS# R1673709Listed by: RISE REAL ESTATE SERVICES LLC - New
$599,900Active3 beds 3 baths1,796 sq. ft.360 Rumford Road, Rochester, NY 14626
MLS# R1673815Listed by: WCI REALTY - New
$169,900Active3 beds 2 baths1,616 sq. ft.610 Magee Avenue, Rochester, NY 14613
MLS# R1673959Listed by: GLAMACK REALTORS - New
$649,900Active4 beds 4 baths2,528 sq. ft.75 Pickwick Drive, Rochester, NY 14618
MLS# R1674124Listed by: 31 NORTH REALTY GROUP - New
$599,900Active2 beds 2 baths2,063 sq. ft.5 Saint Johnsville, Rochester, NY 14618
MLS# R1674180Listed by: COLDWELL BANKER CUSTOM REALTY - New
$179,900Active4 beds 2 baths1,958 sq. ft.295 Glenwood Avenue, Rochester, NY 14613
MLS# R1674208Listed by: VARDAR MESUT - Open Sat, 11:30am to 1pmNew
$199,900Active3 beds 2 baths2,006 sq. ft.131 Shadowbrook Drive, Rochester, NY 14616
MLS# R1672314Listed by: KELLER WILLIAMS REALTY GREATER ROCHESTER