Overview
- Updated On:
- April 4, 2026
Description
Prime Rochester Investment Opportunity Near UR – Turnkey + Stable Income
Exceptional opportunity to acquire a high-performing four-unit investment package across two properties in the highly desirable 14620 neighborhood, just minutes from the University of Rochester. Each building features two units, totaling three one-bedroom units and one two-bedroom unit.
This offering includes 773 & 777 Meigs Street, combining turnkey short-term rental potential with consistent long-term income — ideal for investors looking to diversify and scale in one of Rochester’s strongest rental markets.
773 Meigs Street was completely renovated inside and out in 2020, offering a fully turnkey asset. The sale includes all furniture and household items, making it ready for immediate short-term rental or furnished mid-term leasing. Both units feature central air conditioning, a highly sought-after amenity. The upper unit also offers a private back deck, adding additional tenant appeal, while the front porch enhances curb appeal and livability.
777 Meigs Street is a proven, steady performer with a strong rental history and consistent occupancy. This well-maintained two-family property has never experienced vacancy, providing reliable cash flow and long-term stability.
Both properties benefit from a shared rear parking area with space for up to six vehicles — a rare and valuable feature in this location. Each property also includes inviting front porch space, further increasing tenant demand.
Situated in one of Rochester’s most desirable rental corridors, this package is minutes from the University of Rochester, Strong Hospital, Park Avenue, and downtown, ensuring continued high demand from students, professionals, and traveling medical tenants.
Highlights:
- Two-property package: 773 & 777 Meigs St
- Fully renovated (2020) turnkey asset at 773
- Sale includes all furnishings and household items (773)
- Central A/C in both units at 773
- Proven, never-vacant rental at 777
- 6-car rear parking area
- Front porches + upper back deck
- Prime 14620 location near UR & Strong Hospital
Whether you’re expanding your portfolio or seeking a turnkey investment with immediate income and upside potential, this package delivers both performance and location.
ROI / Financial Snapshot (Attach Section)
Investment Summary – 773 & 777 Meigs St Package
- List Price: $675,000
- Total Units: 4
Income Potential:
- 773 Meigs (STR / Furnished): Projected $3,500–$5,000+/month
- 777 Meigs (Long-Term): Estimated $2,400–$2,800/month
Projected Gross Annual Income:
$70,000 – $93,600
Estimated Expenses (taxes, insurance, maintenance, mgmt):
~25%–35% of gross income
Projected Net Operating Income (NOI):
$45,000 – $65,000
Estimated Cap Rate:
6.5% – 9.5%
Value-Add Potential:
- Increase rents at 777 over time
- Optimize short-term rental performance at 773
- Hybrid STR / mid-term strategy for traveling professionals
