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Donald Erbes
REALTOR®, Lic. Real Estate Salesperson
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397-399 University Avenue, Rochester, NY 14607

$499,900
  • 397-399 University Avenue, Rochester, NY 14607 Main Photo

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New to the Market Active
BEDS6 BATHS4 full SQUARE FEET2,628 MLS#R1672250
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLaidlaw Resub SCHOOLRochester

Property Description

A remarkable three-unit investment opportunity located just minutes from great restaurants, boutique shopping, cafes, and popular local hotspots. This lovingly-maintained multifamily property offers strong rental potential and is an excellent addition to any portfolio-ideal for both new and experienced investors. The first-floor unit features three bedrooms, two full bathrooms, and the convenience of in-unit laundry. Upstairs, there is a spacious two-bedroom, one-bath apartment, along with a separate one-bedroom, one-bath unit next door. The one-bedroom apartment also includes complimentary laundry access in the basement. Each unit offers comfortable living space with updated kitchens and bathrooms, making this property appealing to both tenants and owner-occupants. Recent improvements include updated windows, gutters, and fresh interior finishes throughout. Additional highlights include a partially fenced yard, off-street parking, and many updates that make this a true turnkey investment opportunity. Group Showings: Sunday, April 12th: 6:00-7:00 PM Tuesday, April 14th: 2:00-3:00 PM Thursday, April 16th: 6:00-7:00 PM. Must be accompanied by an agent. Offers Due April 16th, 2026 at 9:00 PM.

397-399 University Avenue | MLS# R1672250

This multi-family property located at 397-399 University Avenue, Rochester, NY 14607 is currently listed for sale with an asking price of $499,900. 397-399 University Avenue is located within the Rochester school district. Search Rochester real estate on derbes.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Window Unit(s)
Heating: Gas, Radiator(s)
Home Style: Triplex
Lot Size: 0.11 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $8,659
Year Built: 1920

Amenities

Ceiling Fan(s)
Storage
Programmable Thermostat
Fence

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 5
Exterior: Vinyl Siding, Copper Plumbing, PEX Plumbing
Fencing: Partial
Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Varies
Laundry: Common Area
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 38X129
Parcel#: 261400-106-820-0002-033-000-0000
Parking: Paved, Parking Available, Two or More Spaces
Parking Notes: Paved, Parking Available, Two or More Spaces
Patio/Porch: Covered, Porch
Sewer: Connected
Units: 3
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Available
Water: Not Connected, Public
Window: Leaded Glass, Storm Window(s), Thermal Windows

Local Schools

School District: Rochester

Listed By / Shown By

Listing By

Agency Name: Howard Hanna
Agency Contact: 585-673-3794

Shown By

Agent Name: Donald Erbes
Agent Phone: (716) 984-1631
Agency Title: MJ Peterson Real Estate

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Estimated Payment

$ 1,979.95 per month $1,112.56 Principal & Interest $721.58 Property Tax $145.80 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/16/2026. The listing information on this page last changed on 04/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/16/2026 12:24:57 AM EST) or New York State Alliance MLS (last updated Wed 04/15/2026 4:49:08 PM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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