$1,095,000
About this home
Introducing a prime investment opportunity in the heart of Rochester, NY - 571 Lake Ave. This 23-unit brick apartment building with 4 storage garages offers immense potential for rental income growth. Built in 1910, the property features a mix of units including 1 studio, 18 one-bedroom, and 4 two-bedroom apartments over 18, 816 square feet. Currently, the rents are significantly below market value, presenting a unique opportunity for a savvy investor to enhance cash flow. With separate utilities, a solid payment history from all cash tenants, and the potential to increase rents and utilize the garage units, this property is a lucrative find. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don't miss out on the chance to own a piece of Rochester's real estate market with 571 Lake Ave. Cap does not include potential income from garage units. Also does not include management/vacancy or repair assumption. Proof of funds and proof of financing requester before all showings. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $9,546
- Utilities
- $13,435
- Transportation
- $0
- Other (entertainment)
- $143
Quick facts
At a glance
Home features
Lot features
NearPublicTransit, Rectangular, RectangularLot
Neighborhood — 14613
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 16,223 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -5.00% | 8.00% | 20.00% |
| Population Density | 8,127 | 395 | — |
| Male | 7,890 | 9,381,926 | 147,432,321 |
| Female | 8,333 | 9,969,168 | 151,655,844 |
| Never Married | 5,116 | 4,946,391 | 63,775,926 |
| Married | 3,998 | 7,166,701 | 123,120,365 |
| Separated | 933 | 1,159,673 | 12,639,686 |
| Widowed | 546 | 1,110,245 | 15,467,586 |
| Divorced | 1,498 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 6,180 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.60 | 2.64 | 2.60 |
| Medial Age | 29.71 | 36.53 | 35.46 |
| Median House Hold Income | $32,869 | $49,847 | $48,276 |
| Average House Hold Income | $44,806 | $70,032 | $63,629 |
| P C I | $17,162 | $26,569 | $24,529 |
| M D I | $29,190 | $42,210 | $41,133 |
| A T H E | $40,396 | $54,185 | $50,898 |
| S T R | 8.00% | 4.00% | — |
| W C J | 74.82% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 6/3/2025. Provided courtesy of Rich Realty via Buffalo MLS. Information deemed reliable but not guaranteed.