571 Lake Ave

Baths
28,224 Sq. Ft.
$34 / Sq. Ft.
28,224
Sq. Ft.
$34
per Sq. Ft.

Description

571 Lake Ave. This 23-unit brick apartment building with 4 storage garages. 18,816 square feet. 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. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.571 Lake Ave. This 23-unit brick apartment building with 4 storage garages. 18,816 square feet. 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. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
  1. Listed by Mark J. Palazzo • Rich Realty
    P: (585)-259-4050 C: (585)-259-4050 mark@therichgroup.com

Property Details for 571 Lake Avenue

Subdivision Comm Complex
Mc Crackenville & Street
On Waterfront
No
Parking Description
None
Nearest Cross Street
Ravine
LISTING CLOSED: 10/29/2025 12:00 AM

Property Details for 571 Lake Avenue

StatusClosed
MLS #R1611866
Days on Market59
Taxes$24,001 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built1910
Lot Size0.36 AC / 15,656 SF
CountyMonroe County

Location

Listing Courtesy of Rich Realty

Sold By Hunt Real Estate ERA/Columbus

Add your commute

Building Information for 571 Lake Avenue

Stories3Residences23Year Built1910Building Size-Lot Size0.36 AC / 15,656 SF

Payment Calculator

$6,734 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,734

Property Taxes

$2,000

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 571 Lake 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: No
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $24,001.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 28224.0
  • Land Features: Near Public Transit, Rectangular, Rectangular Lot
  • Num Of Acres: 0.3594
  • Lot Size Area: 0.3594
  • Lot Size Square Feet: 15656.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-105-350-0003-018-000-0000
  • Lot Number: 18
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $690,000
  • Year Built: 1910
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Num Of Electric Meters: 24
  • Num Of Gas Meters: 24
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities, Other, See Remarks
  • Construction Materials: Brick
  • Exterior Features: See Remarks
  • Roof Description: Other, See Remarks
Interior Features
  • Appliances: Gas Water Heater, See Remarks
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 0
  • HVAC Type: Other, See Remarks
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Ceramic Tile, Hardwood, Varies
  • Heating: Gas, Other, See Remarks, Forced Air
  • Heating YN: Yes
  • Laundry Features: Coin Operated
  • Sq Ft Total: 28224.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $168,000.00
  • Net Operating Income: $129,999.00
  • Number Of Units Total: 23
  • Operating Expenses: $14,000.00
  • Operating Expense Includes: Other, See Remarks
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 571 Lake Avenue

DateEvent & SourcePriceAppreciation
Oct 29, 2025

Sold

WNYREIS #R1611866

$950,000
Oct 29, 2025

Sold

New York State Alliance of MLSs (Buffalo) #R1611866

$950,000
Aug 1, 2025

Pending

WNYREIS #R1611866

DateEvent & SourcePrice
10/29/2025

Sold

WNYREIS #R1611866

$950,000
10/29/2025

Sold

New York State Alliance of MLSs (Buffalo) #R1611866

$950,000
08/01/2025

Pending

WNYREIS #R1611866

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

Schools near 571 Lake Avenue

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 8 to 12
Public - PK to 6
Rating
School
Distance
School 54 Flower City Community School
PublicPK to 6

ANDREW A LANGSTON MIDDLE SCHOOL
Public7 to 8

Monroe Correctional Facility
Public8 to 12

School 7 Virgil Grissom
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.

Similar Homes

Nearby off-market homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rich Realty

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.