397-399 University Ave

Rochester, NY 14607

$499,900
Price
6
Beds
2,628 Sq. Ft.
$190 / Sq. Ft.
2,628
Sq. Ft.
$190
per Sq. Ft.
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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...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. 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.
  1. Listed by Charity J. Traub • Howard Hanna
    P: (585)-381-4770 C: (585)-673-3794 charitytraub@howardhanna.com

Property Details for 397-399 University Avenue

Subdivision Comm Complex
Laidlaw Resub
Styles Of Residence
Triplex
On Waterfront
No
Parking Description
Paved, Parking Available, Two Or More Spaces
Nearest Cross Street
Alexander
LISTING UPDATED: 04/11/2026 07:20 PM

Property Details for 397-399 University Avenue

StatusActive
MLS #R1672250
Days on Market1
Taxes$8,659 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1920
Lot Size0.11 AC / 4,792 SF
CountyMonroe County
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Location

Listing Courtesy of Howard Hanna
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Building Information for 397-399 University Avenue

Stories2Residences3Year Built1920Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

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$3,239 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,517

Property Taxes

$722

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 397-399 University Avenue

Summary
Location and General Information
  • Elementary School District: Rochester
  • High School District: Rochester
  • Middle Or Junior School District: Rochester
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $8,659.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 2628.0
  • Land Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Square Feet: 4792.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-106-820-0002-033-000-0000
  • Road Frontage: City Street
  • Lot Number: 33
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $370,000
  • Year Built: 1920
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 5
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Available
  • Water Supply: Not Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing, Pex Plumbing
  • Exterior Features: Fence
  • Fencing: Partial
  • Foundation Description: Block
  • Patio And Porch Features: Covered, Porch
  • Roof Description: Asphalt, Shingle
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 6
  • HVAC Type: Window Units
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Ceramic Tile, Hardwood, Luxury Vinyl, Varies
  • Heating: Gas, Radiators
  • Heating YN: Yes
  • Interior Features: Ceiling Fans, Storage, Programmable Thermostat
  • Laundry Features: Common Area
  • Levels: Two
  • Sq Ft Total: 2628.0
  • Main Level Bathrooms: 0
  • Window Features: Leaded Glass, Storm Windows, Thermal Windows
Multi Family
Multi-Family Information
  • Gross Annual Income: $4,900.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Operating Expense Includes: Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $1,395.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Den/Family Room,Eat-In Kitchen,Porch
  • Unit Type Total Rent: $1,395.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1395
Unit 2
  • Unit Type Actual Rent: $1,425.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dishwasher,Oven/ Range,Refrigerator,Den/Family Room,Eat-In Kitchen,Porch
  • Unit Type Total Rent: $1,425.00
  • Unit Type Lease Expires: 05-09-2026
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1425
Unit 3
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Den/Family Room,Eat-In Kitchen,Laundry-In Unit,Porch
  • Unit Type Total Rent: $2,200.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 04-01-2028
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 2200
Rental
Rental Information
  • Rent Includes: Gardener, Heat, Snow Removal, Trash Collection, Water

Property History for 397-399 University Avenue

DateEvent & SourcePriceAppreciation
Apr 10, 2026

Listed (Active)

WNYREIS #R1672250

$499,900—
DateEvent & SourcePrice
04/10/2026

Listed (Active)

WNYREIS #R1672250

$499,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 397-399 University Avenue

Taxable ValueLand$19,600Additions$311,866Total$331,466
Home Facts
Total Finished SqFt2,628 SqFtAbove Grade Finished SqFt2,628 SqFtStories2Lot Size4,792 SqFtStyleTriplexYear Built1920Year Renovated2010CountyMONROEAPN261400 106.82-2-33

Schools near 397-399 University Avenue

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
School 23 Francis Parker
Public - PK to 6
Anna Murray-Douglass Academy
Public - PK to 6
School Of The Arts
Public - 7 to 12
School 35 Pinnacle
Public - PK to 6
Rating
School
Distance
School 23 Francis Parker
PublicPK to 6

Anna Murray-Douglass Academy
PublicPK to 6

School Of The Arts
Public7 to 12

School 35 Pinnacle
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 397-399 University Avenue, Rochester, NY 14607

397-399 University Avenue is a multi-family home for sale in Rochester, NY 14607. This property was listed for sale on April 10, 2026 by Howard Hanna, it's currently listed at $499,900. This listing's school district is Rochester City School District. Nearby schools include School 23 Francis Parker, Anna Murray-Douglass Academy and School Of The Arts. 397-399 University Avenue is a 6-bed, 4-bath, 2,628 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.