511 State Street

Rochester, NY 14608

$1,775,000
Price
7
Beds
Baths
22,532 Sq. Ft.
$79 / Sq. Ft.
22,532
Sq. Ft.
$79
per Sq. Ft.

Description

Presenting a fully renovated mixed-use property located at 511-527 State Street in Rochester, NY 14608. This prime investment consists of two buildings situated on a .64-acre lot, offering cross access between State Street and Frankfort Street and providing the convenience of off-street parking. The front building on State Street includes office suites, a warehouse, and 8 fully remodeled residential apartments, while the rear building on Frankfort Street features additional remodeled office suites...Presenting a fully renovated mixed-use property located at 511-527 State Street in Rochester, NY 14608. This prime investment consists of two buildings situated on a .64-acre lot, offering cross access between State Street and Frankfort Street and providing the convenience of off-street parking. The front building on State Street includes office suites, a warehouse, and 8 fully remodeled residential apartments, while the rear building on Frankfort Street features additional remodeled office suites and a small warehouse. Together, the buildings offer a total of 24 units, with 14 commercial tenants and 8 residential tenants in place, along with 2 vacant commercial units ready for leasing opportunities. Originally built in 1910, the property underwent a complete renovation in 2015, including an elevator, modern sprinkler systems throughout, and electronic entry for enhanced security. The apartments and office spaces have been updated, giving the property a fresh, contemporary appeal. Located on a bus line and within walking distance to popular destinations like Frontier Field, Monroe Community College, High Falls, Genesee Brewery, and various restaurants and shopping, the property also benefits from its proximity to downtown RochesAter, making it an ideal location for both commercial and residential tenants. Zoned CCD-R (Center City Riverfront), this property offers a range of potential uses for investors looking to capitalize on Rochester’s thriving Center City.
  1. Listed by Michael Conroy • eXp Realty, LLC
    P: (888)-276-0630 C: (585)-735-7739 michaelconroyrealty@gmail.com

Property Details for 511 State Street

Subdivision Comm Complex
Benjamin Wright
On Waterfront
No
Parking Description
One Space, Driveway, No Garage, Shared Driveway
Nearest Cross Street
Jay Street
LISTING UPDATED: 02/11/2025 04:29 PM

Property Details for 511 State Street

StatusActive
MLS #R1579705
Days on Market94
Taxes$20,758 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Commercial
Year Built1910
Lot Size0.67 AC / 29,185 SF
CountyMonroe County

Building Information for 511 State Street

Stories4Residences7Year Built1910Building Size-Lot Size0.67 AC / 29,185 SF

Property Information for 511 State Street

Summary
Location and General Information
  • Accessibility: Accessible Elevator Installed
  • 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
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $20,758.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 22532.0
  • Land Features: Irregular Lot, Residential Lot
  • Num Of Acres: 0.67
  • Lot Size Area: 0.67
  • Lot Size Square Feet: 29185.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-106-610-0001-040-003-0000
  • Road Frontage: City Street
  • Lot Number: 40
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $857,000
  • Year Built: 1910
  • Year Built Description: Existing
  • Property Sub Type Additional: Commercial
Utilities
  • Sewer Description: Connected
  • Utilities Available: Cable Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Exterior Features: Blacktop Driveway
  • Roof Description: Flat, Membrane, Rubber
  • Security Features: Security Service
Interior Features
  • Appliances: Common Water Heater, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator
  • Basement Description: None
  • Basement YN: No
  • Num Of Possible Bedrooms: 7
  • HVAC Type: Central Air
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Ceramic Tile, Luxury Vinyl, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Laundry Features: Washer Hookup
  • Sq Ft Total: 22532.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $275,509.00
  • Net Operating Income: $150,782.00
  • Number Of Units Total: 7
  • Operating Expenses: $103,969.00
  • Operating Expense Includes: Accounting, Electric, Insurance, Legal, Maintenance Structure, Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water Sewer
  • Stories: 4
  • Stories Total: 4
Rental
Rental Information
  • Rent Includes: All Utilities
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 511 State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 511 State Street

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 6
Rating
School
Distance
School 5 John Williams
PublicPK to 8

School 17 Enrico Fermi
PublicPK to 8

School 54 Flower City Community School
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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511 State Street is a multi-family home for sale in Rochester, NY 14608. This property was listed for sale on December 2, 2024 by eXp Realty, LLC, it's currently listed at $1,775,000. This listing's school district is Rochester City School District. Nearby schools include School 5 John Williams, Rochester Early College International High School and School 17 Enrico Fermi. 511 State Street is a 7-bed, 0-bath, 22,532 sqft multi-family home built in 1910.

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 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 eXp Realty, LLC

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.