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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)
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91 Wellington Ave - Wellington Apartments
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