3 months on rocket

Sale Pending

488 Meigs St, Rochester, NY, 14607

$519,900

Home List Price

$6,174*

Closing Credit

4 Bedrooms
4 Full Baths
4,437 SqFt
$117/SqFt
Multi

Location

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488 Meigs St, Rochester$519,900

Buyer Closing Credits

$6,174*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGravel, Two or More Spaces
Year Built1925
HeatingNatural Gas, Forced Air
BasementYes
MLS #R1568357
Lot Size0.12 Acres
StatusSale Pending
(Pending)

About 488 Meigs St

Back on the Market, the deal died due to the buyer's financing. Welcome to this turn-key opportunity in a prime location! This opportunity includes over $50,000 in upgrades and furnishings! This four-family dwelling is a fantastic investment. It boasts four thoughtfully designed units and three fully furnished apartments with luxury modern and farmhouse finishes! This multi-family rental opportunity generates $6,400 monthly and has room to grow. Whether you invest traditionally or Airbnb/short-term, this property can accommodate either strategy seamlessly. The property has a new transferable C of O issued 10/22/2024 and expiring 10/22/2027. These three fully furnished units include all utilities. The fourth unfurnished unit comes with heat/hot water, and the tenant pays for electricity. All units have access to the on-site laundry facility, and the washer/dryer will start with the property. The well-maintained building offers residents a comfortable living experience. Each unit has been remodeled and designed to feature ample natural light, functional layouts, and modern amenities. The property's exterior showcases a blend of curb appeal and low-maintenance landscaping. Don't miss this opportunity to own a versatile and income-producing property in a desirable location.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1925
  • Stories: 2
  • Living Area: 4,437 SqFt

Listing Office:

  • Office Name: North Star Real Estate
  • Office Phone: (585) 328-7827
  • Listing Agent: Dexter T. Craig

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Laminate, Varies

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Private Yard, See Remarks

Parking Information:

  • Parking: Gravel, Two or More Spaces

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: The property is located near the intersection of Meigs St. and Pearl St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $519,900
  • Price Per SqFt: $117/SqFt

Tax Information:

  • Annual Amount: $8,031
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Rochester, NY.

Med. Sold Price

$210K

Med. Price/SqFt

$145

Avg. Days On Market

15

# of Sold Homes

319

488 Meigs St vs Rochester

91 DAYS ON ROCKET

+76 Days

$519,900

+$309.8K More

$117/SqFt

-$28 Less

KEY TAKEAWAY

This property is $309.8K more than the Median Sold Price and $28/SqFt less than other homes in Rochester, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #R1568357

Listing Office:

  • Office Name: North Star Real Estate
  • Office Phone: (585) 328-7827
  • Listing Agent: Dexter T. Craig

IDXThe 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.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
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: 1/2/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 21, 2018Home Sold
$158,000
Dec 14, 2010Home Sold
$144,900
Feb 10, 2006Home Sold
$105,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,031$158,000
2019$2,149$158,000
2018$5,924$158,000
2017$2,090$158,000

History based on county public records data.

Payment Calculator

$2,662

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-76510
2
/10
  • School 35-Pinnacle

  • 194 Field St

  • 0.58 miles

  • Public District Grades KG-6

school-card-donut-76511
5
/10
  • Genesee Community Charter School

  • 657 East Ave

  • 0.60 miles

  • Public Charter Grades KG-6

school-card-donut-76512
4
/10
  • School 23-Francis Parker

  • 170 Barrington St

  • 0.75 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,481. The most common annual income of people living in Rochester, NY is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesNew YorkMonroe CountyRochester14607488 Meigs St

This home is located at 488 Meigs St in Rochester, NY and zip code 14607 in the Pearl / Meigs / Monroe neighborhood. This 4,437 square foot home, which was built in 1925, sits on a 0.12 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $519,900.

Over 232 listings were sold over their listed price in December 2024 in Rochester, NY. In the same period over 56 listings were sold below the listed price and 31 listings were sold for the listed price. The number of listings in Rochester, NY decreased by 32.2% between November 2024 and December 2024. Listings spent 15 days on the market in December 2024, and had a median list price of $210,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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