321 Driving Park Avenue, Rochester, NY 14613

Property Description

Another Rockin’ Rochester Property! Seventeen units. Multiple income streams. An 8.87% cap rate. This distinctive mixed-use investment commands a prominent corner in Rochester’s historic Edgerton neighborhood, pairing classic brick architecture with a diversified mix of 14 apartments—10 one-bedroom and 4 studios—and 3 street-level commercial storefronts. Residential interiors feature hardwood floors, vinyl windows and abundant natural light. Separately metered electric and cooking gas, professionally leased and serviced on-site laundry, and 14 basement storage units complement the property’s income profile, with storage offering additional revenue potential. Significant recent investments include a GACO roof (2024), Bradford White hot water tank under warranty (2026), leased laundry equipment (2025), keyless entry (2025), Arlo camera system (2025) and upgraded LED lighting in common areas, exterior and Store 2 (2026). A new Certificate of Occupancy, issued September 4, 2026, is fully transferable at closing and valid through September 4, 2029. With an NOI of $110,851, recent capital improvements and room to expand ancillary income, 321–331 Driving Park Avenue offers a compelling combination of established income, character and long-term investment potential.