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91 Wellington Ave - Wellington Apartments 6 Unit Apartment Building Offered at $397,000 at a 14.60% Cap Rate Rochester, NY 14611
Executive Summary
High Yield 6 Unit Multifamily | 14.6% Cap | Strong Cash Flow | Rochester, NY
91 Wellington Avenue is a stabilized 6 unit multifamily property located in Rochester, New York, offering strong in place cash flow at a compelling basis. The property consists of 3 studios, 2 one bedroom units, and 1 two bedroom unit, supported by 8 total bathrooms, allowing for functional layouts and tenant flexibility.
The building generates $69,600 in annual gross rent with a Net Operating Income of approximately $58,023, translating to an attractive 14.6% cap rate at the $397,000 asking price. Expenses are straightforward and conservative, with tenants paying all utilities except water.
This asset is well suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth. Ideal for buy and hold investors, 1031 exchange buyers, or operators looking for a strong cash flowing asset in an affordable Northeast market.
Property Highlights:
6 units total
3 Studios | 2 One Bedrooms | 1 Two Bedroom
8 Bathrooms
$69,600 Gross Annual Rent
Asking Price: $397,000
91 Wellington Avenue is a stabilized 6 unit multifamily property located in Rochester, New York, offering strong in place cash flow at a compelling basis. The property consists of 3 studios, 2 one bedroom units, and 1 two bedroom unit, supported by 8 total bathrooms, allowing for functional layouts and tenant flexibility.
The building generates $69,600 in annual gross rent with a Net Operating Income of approximately $58,023, translating to an attractive 14.6% cap rate at the $397,000 asking price. Expenses are straightforward and conservative, with tenants paying all utilities except water.
This asset is well suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth. Ideal for buy and hold investors, 1031 exchange buyers, or operators looking for a strong cash flowing asset in an affordable Northeast market.
Property Highlights:
6 units total
3 Studios | 2 One Bedrooms | 1 Two Bedroom
8 Bathrooms
$69,600 Gross Annual Rent
Asking Price: $397,000
Property Facts
| Price | $397,000 | Property Type | Multifamily |
| Price Per Unit | $66,167 | Building Size | 4,762 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 14.60% | Year Built | 1925 |
| No. Units | 6 |
| Price | $397,000 |
| Price Per Unit | $66,167 |
| Sale Type | Investment |
| Cap Rate | 14.60% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,762 SF |
| No. Stories | 3 |
| Year Built | 1925 |
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Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 261400-120-570-0003-002-000-0000 | Improvements Assessment | $153,000 |
| Land Assessment | $27,000 | Total Assessment | $180,000 |
Property Taxes
Parcel Number
261400-120-570-0003-002-000-0000
Land Assessment
$27,000
Improvements Assessment
$153,000
Total Assessment
$180,000
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91 Wellington Ave - Wellington Apartments
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