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USANYRochesterJ W Etts773 & 777 Meigs Street
773 Lower | Image 1

773 & 777 Meigs Street, Rochester, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$649,000

640

MLS® R1701534

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 3338 sqft
Garage No
Taxes $19,119
Days Active 0
Lot Size 0.07999999821186066 Acres
Approx. Age 1900
Avg. Price Per Sqft $194
MLS® Number R1701534

Property Address: 773 & 777 Meigs Street, Rochester, NY, 14620

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own 2 proven noi/roi winners in the highly renter-desired south wedge! With a 7.1% cap rate and amazing 9.6% debt yield (assum. 80/20), it’s a no-brainer for first time investors and the experts!!!!! Amazing opportunity for owner-occupant plus renter, too! Sister properties right next door to each other, for ease of management and maintenance! Each house has a 2/1 and a 1/1, with off street parking and private entrances! 773: designers dream w/charming front porch and 2nd story deck- gorgeous full interior renovations totaling over $75, 000 in both apartments, restored hardwoods, eat in kitchens, family rooms, baths, bedrooms! New A/C and full exterior siding and 2014 tear off roof! All furniture/décor remains! Existing mgt co. Can remain in service to new owner. Currently operating as a short-term rental, could be longer. Upper is 2 bedroom/1 bath w/private 2nd story deck. Lower is 1 bedroom/1 bath w/private porch. 777: 12-month rental "work horse" with 0% vacancy over last five years!! – original hardwoods, full kitchens, baths, washers and dryers in each, w/ basement storage. Both upper and lower units are rented: lower mtm with 2-year tenancy, upper 12-month lease ends august, may renew. Additional capital improvements include: hot water tanks, new roofs 2014, new windows 2012, air cond. 2019, gutters 2019!! See attachments for individual noi and expenses, and more detailed information on all. These properties are located in a charming neighborhood within the historic south wedge area, a vibrant city community where you &/or your tenants are within walking distance to artisan food/bake shops, eclectic restaurants, cafes, and bars, the genesee (river) gateway park, highland park and it’s annual lilac festival. Plentiful demand from renters working or learning at the univ. Of roch, rit, urmc, highland hospital, the city, and beyond. Square footage difference is the total sqft of both 773(1, 652) & 777(1, 686) combined. Tax totals are also combined. 773 meigs is $9, 111 total & 777 meigs is $10, 008 total. Delayed negotiations until wednesday 8/5 @ 12:00pm.
MLS® NumberR1701534
Laundry Level
Central VacNo
FireplaceNo
Acreage0.08
Exterior
GarageNo
Approx. Age1900
BasementFull
DrivewayCommon, Paved, Parking Available
Garage Spaces0
HeatGas, Forced Air, Hot Water
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 27, 2026List Date
$649,000List Price
  • Commute

Commute

Starting Address
Destination Address
773 & 777 Meigs Street, Rochester, NY

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