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Wellington Apartments 91 Wellington Ave 6 Unit Apartment Building $541,603 CAD ($90,267 CAD/Unit) 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 | $541,603 CAD | Property Subtype | Apartment |
| Price Per Unit | $90,267 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 14.60% | Building Size | 4,762 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Price | $541,603 CAD |
| Price Per Unit | $90,267 CAD |
| Sale Type | Investment |
| Cap Rate | 14.60% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,762 SF |
| No. Stories | 3 |
| Year Built | 1925 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 261400-120-570-0003-002-000-0000 | Improvements Assessment | $209,977 CAD |
| Land Assessment | $37,055 CAD | Total Assessment | $247,032 CAD |
Property Taxes
Parcel Number
261400-120-570-0003-002-000-0000
Land Assessment
$37,055 CAD
Improvements Assessment
$209,977 CAD
Total Assessment
$247,032 CAD
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Wellington Apartments | 91 Wellington Ave
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