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$5,495,000
R1700623 MLS
Willow Gardens Apartment Complex at 2600 Dewey Avenue, Rochester, NY 14616 is a rare opportunity to acquire a 56-unit multifamily community offered at $5,495,000.... Comprised of five brick buildings totaling approximately 44,724 square feet, the property features a desirable mix of 40 one-bedroom and 16 two-bedroom apartments.... Extensively upgraded, Willow Gardens has seen significant recent capital improvements, including 11 brand-new boilers, 10 new water tanks, new windows, glass block, and new slider doors to exterior decks. Approximately 45 units have been renovated with new kitchens, bathrooms, flooring, and more, while all common areas have also been upgraded.... Roofs were replaced approximately 10 years ago with 30-year asphalt shingles. Positioned north of Ridge Road between McCall and Stone, the asset benefits from a strong Rochester-area rental market.... Current gross monthly rents are approximately $60,010, with projected annual rental income of $720,120 and a pro forma NOI of $540,000 before management/vacancy and repair assumption. Huge value add when you bring rents up to market.... The property is 2 parcels. Tax address is 2594-2609 Dewey and 2610-2638 Dewey. Bank term sheet from a local bank requested for more information and before showings. Please allow 48 hours for seller to notify tenants for showings. Rent roll and expense information available after submission of bank term sheet or proof of funds if cash purchase. Cash or your own mortgage please. Seller can not hold paper.

2600 Dewey Avenue, Rochester

$1,550,000
R1642896 MLS
A premier investment opportunity in Rochester’s St. Paul Quarter neighborhood. This stately three-story mixed-use building offers ±17,842 square feet of income generating space across five beautifully updated residential units and two high visibility commercial suites. Originally built in 1910 and recently renovated throughout, the property blends historic architecture with modern convenience. The residential component includes a luxurious owner’s suite and three fully furnished apartments ideal for executive or short-term rentals. All five units feature updated finishes and thoughtful layouts, with elevator access to each floor. At street level, two commercial storefront suites provide ideal visibility and foot traffic along St. Paul Street’s urban corridor. The building also holds a rare amenity for the downtown core, a 13-car enclosed parking garage, adding significant value for both residents and commercial tenants. The structure spans a 0.23 acre lot with approximately 68 feet of frontage along St. Paul, and is zoned CCD-R (Center City Riverfront), supporting a wide range of mixed-use and redevelopment potential. The building sits within a designated Opportunity Zone, offering tax incentivized investment upside. The property is fully leased, generating stable in-place income with minimal deferred maintenance. Nestled in Rochester’s historic St. Paul Quarter, once known as “Clothier’s Row,” the building stands among architecturally significant structures that once powered the city’s garment and manufacturing industries. Today, it shares the block with preserved landmarks like the H.H. Warner and Edwards buildings and features an acclaimed public mural installation titled (“Some Things are Better Left Unseen”) as part of Rochester’s WALL\THERAPY street art initiative. Blending architectural character with stable income and urban infill appeal, 114–118 St. Paul Street is a standout mixed-use opportunity well suited for owner occupants, or investors seeking long term value in the heart of Rochester.

114-118 Saint Paul Street, Rochester

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