7 days on Rocket
$1,413 Closing Credit¹
#R1614996, Veronica L Anthony, Listing office: Anthony Realty Group, LLC
$1,095,000 List price
571 Lake Ave Rochester, NY 14613
$10,000
Closing credit¹
0 beds
28,224 sqft
0.4 acres
$39 / sqft
House
Property details
About 571 Lake Ave
Introducing a prime investment opportunity in the heart of Rochester, NY - 571 Lake Ave. This 23-unit brick apartment building with 4 storage garages offers immense potential for rental income growth. Built in 1910, the property features a mix of units including 1 studio, 18 one-bedroom, and 4 two-bedroom apartments over 18,816 square feet. Currently, the rents are significantly below market value, presenting a unique opportunity for a savvy investor to enhance cash flow. 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. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don't miss out on the chance to own a piece of Rochester's real estate market with 571 Lake Ave. Cap does not include potential income from garage units. Also does not include management/vacancy or repair assumption. Proof of funds and proof of financing requester before all showings. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
Highlights
Home typeOther
HeatingNatural Gas, Other, Forced Air
StatusActive
CoolingOther
Size28,224 sqft
BasementYes
Lot size0.3594 Acres
Year built1910
MLS #R1611866
Summary
- Appliances: Gas Water Heater, Other
- Basement: Yes
- Flooring Type: Ceramic Tile, Hardwood, Varies
- Parking: None
- Exterior: See Remarks
- Heating: Natural Gas, Other, Forced Air
- Cooling: Other
- List Price: $1,095,000
- Price/SqFt: $38
- Lot: Near Public Transit, Rectangular Lot
- Directions: Lake north to 571
- Year Built: 1910
- Stories: 3
- Living Area: 28,224 SqFt
- Lot Size: 0.3594 Acres
- MLS Number: R1611866
- MLS Name: NYS
- Office Name: Rich Realty
- Office Phone: (585) 259-4050
- Office Email: mark@therichgroup.com
- Listing Agent: Mark J. Palazzo
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/21/2025, 11:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,095,000
571 Lake Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
School 54-Flower City Community School
Public District PK-6
0.6 mi
•36 Otis St
1
Exploration Ele Charter School - Science-Technol
Public Charter KG-4
0.6 mi
•1001 Lake Ave
1
School 7-Virgil Grissom
Public District PK-6
0.7 mi
•31 Bryan St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,679. The most common annual income of people living in Rochester, NY is less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
33%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
32%
Single, with Kids
6%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
33%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 571 Lake Ave
The listing price of 571 Lake Ave property is $1,095,000.
The property 571 Lake Ave is a house located in Rochester, New York, 14613.
Active Listing: 571 Lake Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 571 Lake Ave are: School 54-Flower City Community School (GreatSchools Rating 3/10), Exploration Ele Charter School - Science-Technol (GreatSchools Rating 1/10), School 7-Virgil Grissom (GreatSchools Rating 1/10), School 8-Roberto Clemente (GreatSchools Rating 2/10), Academy of Health Sciences Charter School (GreatSchools Rating 3/10), School 5-John Williams (GreatSchools Rating 2/10), University Preparatory Charter School for Young Men (GreatSchools Rating 2/10), Eugenio Maria de Hostos Charter School (GreatSchools Rating 3/10), Young Women's College Preparatory Charter (GreatSchools Rating 4/10).
The property at 571 Lake Ave has 0 bedroom and 0 bathroom.
The property 571 Lake Ave is 28,224 SqFt (source: MLS/tax record).
The year of construction for 571 Lake Ave is 1910.
This home is located at 571 Lake Ave in Rochester, NY and zip code 14613 in the Edgerton neighborhood. This 28,224 square foot home, which was built in 1910, sits on a 0.36 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $1,095,000.
In May 2025, from all listings sold in Rochester, NY there were more than 288 sold above asking price, over 27 sold below and more than 13 were sold right at the asked price. The number of listings in Rochester, NY increased by 0.2% between April and May 2025. In May 2025, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $219,998.
From Rocket Homes Real Estate and based on county public records data.