Rochester Investment

Original neighborhood research

The Park Central small-multifamily market, 2021–2025

An official-boundary study of 56 Rochester two-to-four-unit sales: five publishable annual samples, the highest 2025 median among qualifying City polygons, and UGR participation measured without confusing a high price tier with investment performance.

Updated: September 10, 2026

Park Central contained 56 qualifying sales across five years

Source-provided MLS coordinates place 56 unique Rochester two-to-four-unit closings inside the official Park Central polygon from 2021 through 2025. That population represented 2.0% of Rochester’s 2,812 qualifying sales during the same period.

Annual volume ranged from eight sales in 2024 to 14 in 2021. Every year clears the five-sale publication threshold, but the samples remain small enough that individual asset differences can materially affect the medians.

PeriodPark Central salesCity salesPark Central share
2021–2025562,8122.0%
2025135492.4%
Park Central and citywide populations use identical dates, status, property type, and unique-MLS-number rules.

Every annual sample clears the publication threshold

The official-boundary population recorded 14 sales in 2021, nine in 2022, 12 in 2023, eight in 2024, and 13 in 2025. The annual median reported sale price ranged from $360,000 in 2022 to $480,000 in 2025.

Publication eligibility does not make every annual figure equally stable. The data does not control for exact unit count, legal use, building size, condition, rehabilitation, occupancy, commercial components, parking, financing, or seller concessions.

Closed yearUnique salesMedian sale priceMedian DOMMedian sale / original list
202114$390,0007.5100.0%
20229$360,0007113.5%
202312$401,0005103.4%
20248$477,2507100.9%
202513$480,0006100.0%
Official Park Central polygon; MLS status S-Closed/Rented; property type Multi-Family Res (2-4) units; one record per unique MLS number.

Park Central had the highest publishable official-polygon median in 2025

The 2025 median reported sale price was $480,000 across 13 Park Central sales. Among official City polygons with at least five qualifying 2025 transactions, that was the highest median in this dataset.

Park Meigs followed at $418,750 across 10 sales, Neighborhood of the Arts at $361,250 across 12, Upper Monroe at $322,750 across 12, and North Winton Village at $315,500 across 10. Official polygons can overlap, and the ranking describes transaction populations—not neighborhood-wide values.

Official City polygon2025 sales2025 median sale price
Park Central13$480,000
Park Meigs10$418,750
Neighborhood of the Arts12$361,250
Upper Monroe12$322,750
North Winton Village10$315,500
Ranked among official polygons meeting the five-sale annual minimum. Overlapping polygons are measured independently.

The 2025 result does not establish appreciation or investor return

The 2025 median was 0.6% above the 2024 median of $477,250 and 23.1% above the 2021 median of $390,000. Those are differences between annual groups of sold properties, not repeat-sales appreciation rates.

A higher sale-price tier does not establish higher rent, better collections, lower vacancy, stronger NOI, a lower rehabilitation burden, or a superior return. Large converted buildings, mixed-use properties, historic structures, and downtown-edge assets can carry materially different income, expense, financing, and capital profiles.

Measure202120242025
Unique sales14813
Median sale price$390,000$477,250$480,000
Median DOM7.576
Median sale / original list100.0%100.9%100.0%
Annual medians describe the properties that sold in each year; they do not track the same properties over time.

The five-year aggregate is market context—not a finished underwriting model

Across all 56 transactions, the median reported sale price was $410,000, median source-defined days on market was six, and median sale price equaled 101.2% of original list price. Reported sale prices totaled $23,787,431.

Gross sale-price volume is not market value, investor equity, brokerage production, rental revenue, or economic output. Park Central’s aggregate price level cannot substitute for property-specific rents, expenses, capital work, legal use, or matched comparable sales.

Five-year measureResult
Unique sales56
Median sale price$410,000
Reported sale-price volume$23,787,431
Median DOM6
Median sale / original list101.2%
January 1, 2021 through December 31, 2025. Results use the official City polygon and source-provided MLS coordinates.

UGR participated in four transactions—all on the buyer side

Updegraff Group LLC appeared on 4 of the 56 official-boundary transactions, or 7.1%. That is above UGR’s 3.9% citywide share for the same property type and period, but the numerator remains four transactions.

UGR appeared on one transaction in 2022, one in 2024, and two in 2025. All four records placed the company in a buyer-side office field; none included UGR on the listing side, so no represented-side overlap needs to be subtracted.

YearPark Central salesUGR transactionsUGR shareList sideBuyer sideBoth sides
20211400.0%000
20229111.1%010
20231200.0%000
20248112.5%010
202513215.4%020
Participation is not commission income, individual-agent production credit, proof of transaction origination, or evidence of off-market activity.

The next layer must separate fundamentally different assets

A useful next release would classify every transaction by verified legal unit count, residential versus commercial or mixed use, building and lot size, condition, preservation status, frontage, parking, occupancy, tenancy, public or restricted ownership, and relationship to parks, markets, transit projects, and downtown edges.

The current dataset does not establish achieved rents, collections, vacancy, operating expenses, capital requirements, financing, cash flow, capitalization rates, or total returns. Raw MLS addresses, coordinates, remarks, agent details, and restricted listing fields remain unpublished.