321 Driving Park Ave Immeuble residentiel 17 lots 1 119 378 € (65 846 €/Lot) Taux de capitalisation 9,93 % Rochester, NY 14613

Positioned prominently at the corner of Driving Park Avenue, 321–331 Driving Park Avenue offers investors the opportunity to acquire a substantial and distinctive mixed-use asset in Rochester’s Edgerton neighborhood. The property’s classic brick façade, strong street presence and ground-floor storefronts create the look and feel of a true neighborhood mixed-use building, backed by 17 income-producing units and a 9.93% cap rate.
The asset consists of 14 residential apartments—10 one-bedroom and 4 studio units—along with 3 street-level commercial storefronts, providing diversified income across residential and commercial uses. Electric and cooking gas are separately metered.
Beyond the existing rental income, the property offers additional revenue opportunities through 14 basement storage units, while on-site laundry is professionally leased and serviced under contract.
The building has been carefully maintained and retains tremendous architectural character. Residential units feature hardwood floors, vinyl windows and bright, airy interiors, while ownership has continued investing in the property through meaningful capital improvements.
Recent improvements include a GACO roof (2024), Bradford White hot water tank under warranty (2026), new professionally leased laundry equipment (2025), keyless entry system (2025), Arlo camera system (2025), and upgraded LED lighting throughout common areas, exterior and Store 2 (2026).
A brand-new Certificate of Occupancy will be delivered at closing.
For investors seeking scale, immediate cash flow, diversified income and additional revenue potential, 321–331 Driving Park Avenue presents a compelling opportunity. Its combination of 17 units, prominent corner visibility, classic architecture, recent capital investment and a strong 9.93% going-in cap rate makes this an asset that stands apart from the typical Rochester multifamily offering.