488 Meigs St

Rochester, NY 14607

$519,000
Last Sold Price
4
Beds
4,437 Sq. Ft.
$117 / Sq. Ft.
4,437
Sq. Ft.
$117
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 2/21/25
Closed 2/21/25

Description

Back on the Market, the deal died due to the buyer's financing. Welcome to this turn-key opportunity in a prime location! This opportunity includes over $50,000 in upgrades and furnishings! This four-family dwelling is a fantastic investment. It boasts four thoughtfully designed units and three fully furnished apartments with luxury modern and farmhouse finishes! This multi-family rental opportunity generates $6,400 monthly and has room to grow. Whether you invest traditionally or Airbnb/short-term,...Back on the Market, the deal died due to the buyer's financing. Welcome to this turn-key opportunity in a prime location! This opportunity includes over $50,000 in upgrades and furnishings! This four-family dwelling is a fantastic investment. It boasts four thoughtfully designed units and three fully furnished apartments with luxury modern and farmhouse finishes! This multi-family rental opportunity generates $6,400 monthly and has room to grow. Whether you invest traditionally or Airbnb/short-term, this property can accommodate either strategy seamlessly. The property has a new transferable C of O issued 10/22/2024 and expiring 10/22/2027. These three fully furnished units include all utilities. The fourth unfurnished unit comes with heat/hot water, and the tenant pays for electricity. All units have access to the on-site laundry facility, and the washer/dryer will start with the property. The well-maintained building offers residents a comfortable living experience. Each unit has been remodeled and designed to feature ample natural light, functional layouts, and modern amenities. The property's exterior showcases a blend of curb appeal and low-maintenance landscaping. Don't miss this opportunity to own a versatile and income-producing property in a desirable location.
  1. Listed by Dexter T. Craig • North Star Real Estate
    P: (585)-328-7827 C: (585)-328-7827 dexter.craig@NorthStarWNY.com
  2. Listed by Erica Cooper • North Star Real Estate
    P: (585)-328-7827 C: (585)-503-0533 erica.cooper@northstarwny.com

Property Details for 488 Meigs Street

Subdivision Comm Complex
Boardman & Meyers
Styles Of Residence
Fourplex
On Waterfront
No
Parking Description
Gravel, Two Or More Spaces
Nearest Cross Street
Pearl St.
LISTING CLOSED: 02/21/2025 12:00 AM

Property Details for 488 Meigs Street

StatusClosed
MLS #R1568357
Days on Market75
Taxes$9,499 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Residential
Year Built1925
Lot Size0.12 AC / 5,047 SF
CountyMonroe County
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Location

Listing Courtesy of North Star Real Estate

Sold By Keuka Lake & Land Realty Bath

Add your commute

Building Information for 488 Meigs Street

Stories2Residences4Year Built1925Building Size-Lot Size0.12 AC / 5,047 SF

Payment Calculator

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$3,378 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,586

Property Taxes

$792

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 488 Meigs Street

Summary
Location and General Information
  • Elementary School District: Rochester
  • High School District: Rochester
  • Middle Or Junior School District: Rochester
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $9,499.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 4437.0
  • Land Features: Near Public Transit, Residential Lot
  • Num Of Acres: 0.1159
  • Lot Size Area: 0.1159
  • Lot Size Square Feet: 5047.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-121-580-0004-035-000-0000
  • Road Frontage: City Street
  • Lot Number: 35
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $158,000
  • Year Built: 1925
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 5
  • Num Of Gas Meters: 4
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing
  • Exterior Features: Private Yard, See Remarks
  • Foundation Description: Stone
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 4
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Ceramic Tile, Hardwood, Laminate, Varies
  • Furnished: Furnished
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Laundry Features: Common Area
  • Levels: Two
  • Sq Ft Total: 4437.0
  • Main Level Bathrooms: 0
  • Window Features: Thermal Windows
Multi Family
Multi-Family Information
  • Gross Annual Income: $77,400.00
  • Net Operating Income: $40,950.00
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expenses: $26,951.00
  • Operating Expense Includes: Electric, Fuel, Insurance, Other, See Remarks, Utilities
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $2,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Other - See Remarks
  • Unit Type Total Rent: $2,100.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 2100
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Other - See Remarks
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Unit 3
  • Unit Type Actual Rent: $1,900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Other - See Remarks
  • Unit Type Total Rent: $1,900.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1900
Unit 4
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Other - See Remarks
  • Unit Type Total Rent: $1,600.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1600
Rental
Rental Information
  • Rent Includes: Electricity, Gardener, Heat, Hot Water, Other, See Remarks, Snow Removal, Trash Collection, Cable Tv

Property History for 488 Meigs Street

DateEvent & SourcePriceAppreciation
Feb 21, 2025

Sold

New York State Alliance of MLSs (Buffalo) #R1568357

$519,000—
Feb 21, 2025

Sold

WNYREIS #R1568357

$519,000—
Jan 27, 2025

Sold (Public Record)

Public Record #1552536953

$519,000

+18.8% / yr

DateEvent & SourcePrice
02/21/2025

Sold

New York State Alliance of MLSs (Buffalo) #R1568357

$519,000
02/21/2025

Sold

WNYREIS #R1568357

$519,000
01/27/2025

Sold (Public Record)

Public Record #1552536953

$519,000

+18.8% / yr

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

Public Records for 488 Meigs Street

Taxable ValueLand$15,000Additions$285,000Total$300,000
Tax Record2024$2,809 ($234 / month)
Home Facts
Total Finished SqFt2,958 SqFtAbove Grade Finished SqFt2,958 SqFtUnfinished Basement SqFt1,479 SqFtStories2Lot Size5,040 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyMONROEAPN261400 121.58-4-35

Schools near 488 Meigs Street

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
School 35 Pinnacle
Public - PK to 6
MONROE LOWER SCHOOL
Public - 7 to 8
James Monroe High School
Public - 9 to 12
School 23 Francis Parker
Public - PK to 6
Rating
School
Distance
School 35 Pinnacle
PublicPK to 6

MONROE LOWER SCHOOL
Public7 to 8

James Monroe High School
Public9 to 12

School 23 Francis Parker
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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Listing Courtesy of North Star Real Estate

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.