Rochester Investment

Original neighborhood research

The 19th Ward small-multifamily market, 2021–2025

Five years of official-boundary MLS evidence for Rochester’s 19th Ward: 240 two-to-four-unit sales, annual price and market-time measures, and a separately disclosed record of Updegraff Group Realty participation.

Updated: September 10, 2026

The official City boundary contains a substantial small-multifamily market

Source-provided coordinates place 240 unique Rochester MLS closings inside the official 19th Ward polygon from 2021 through 2025. The five-year transaction population had a $139,000 median reported sale price, median source-defined days on market of 10, and a median sale price equal to 100.0% of original list price.

The official polygon is the controlling geography for this report. ZIP 14619, the MLS City Neighborhood label, the historic ward, the community association service area, and nearby corridor names produce different populations and are not substituted for it.

Annual sales volume and the sold-property mix both changed

Annual transaction count ranged from 27 sales in 2023 to 63 in 2024. The median reported sale price was $105,000 across 51 sales in 2021 and $168,250 across 46 sales in 2025, a 60.2% change between the two annual transaction populations.

That change is not a repeat-sales appreciation rate. The properties sold in each year differed in location, condition, occupancy, unit configuration, financing, and other characteristics. The table describes the observed MLS populations rather than the performance of a typical building.

Closed yearUnique salesMedian sale priceMedian DOMMedian sale / original list
202151$105,0007100.0%
202253$130,00011100.0%
202327$140,39217100.1%
202463$150,0009102.2%
202546$168,25011.5101.2%
Official 19th Ward polygon; MLS status S-Closed/Rented; property type Multi-Family Res (2-4) units; one record per unique MLS number. Each annual sample exceeds the publication minimum of five sales.

The 19th Ward accounted for about one in twelve city sales

The official 19th Ward population represented 240 of Rochester’s 2,812 qualifying 2021–2025 transactions, or 8.5%. In 2025, it represented 46 of 549 citywide transactions, or 8.4%.

These are shares of the defined Rochester two-to-four-unit MLS population. They do not measure every rental property, private transfer, commercial sale, five-or-more-unit building, or investor purchase in the neighborhood.

Period19th Ward salesCity sales19th Ward share
2021–20252402,8128.5%
2025465498.4%
The neighborhood numerator and citywide denominator use the same dates, property type, status, and MLS-number deduplication rule.

UGR participated in 34 of the 240 official-boundary transactions

Updegraff Group LLC, doing business as Updegraff Group Realty, appeared in a listing, co-listing, selling, or co-selling office field on 34 unique transactions inside the official polygon. That equals 14.2% of the defined five-year market and 30.6% of UGR’s 111 citywide small-multifamily transactions during the period.

Nineteen transactions included UGR on a listing-side field and 19 included UGR on a buyer-side field. Four included the company on both sides. The headline remains 34—not 38—because each MLS transaction is counted once.

YearWard salesUGR transactionsUGR shareList sideBuyer sideBoth sides
2021511019.6%1101
20225335.7%322
202327518.5%410
2024631015.9%741
202546613.0%420
Participation is not commission income, credited production volume, or proof that UGR originated the transaction. Both-side records remain one unique transaction in the share calculation.

The combination of transaction count and market share distinguishes the 19th Ward

Corn Hill produced a slightly higher measured five-year UGR share, but that result was four of 27 transactions. The 19th Ward combined a 14.2% share with 34 transactions in a 240-sale population. Maplewood produced UGR’s second-highest official-polygon transaction count at 10, but its measured share was 3.4%.

South Marketview Heights is another meaningful concentration: UGR appeared on nine of 76 transactions, or 11.8%. Official City polygons can overlap, so the rows are comparisons of independently measured geographies and cannot be added together.

Official City polygonMarket salesUGR transactionsUGR share
19th Ward2403414.2%
Maplewood297103.4%
South Marketview Heights76911.8%
Beechwood17384.6%
Selected larger UGR transaction concentrations. The citywide neighborhood report contains the complete published ranking and sample rules.

The 2022 company dip is disclosed without inventing a data explanation

UGR participation inside the polygon fell from 10 transactions in 2021 to three in 2022, then returned to five in 2023, 10 in 2024, and six in 2025. Mark Updegraff recalls agent departures and a rebuilding period during that interval.

That recollection is first-party company context, not a conclusion produced by the MLS data. This report does not use it to explain neighborhood prices or activity, and the transaction calculations remain unchanged.

Sales evidence is only one layer of an investment decision

The dataset does not establish legal unit count, rents, collections, vacancy, operating expenses, rehabilitation scope, financing, cash flow, capitalization rates, or investor returns. Those questions require property-level records and reconciled operating evidence.

Use the related 19th Ward investment guide for boundary, legal-use, tax, lead, older-building, corridor, and due-diligence context. Raw MLS addresses, coordinates, remarks, agent information, and restricted listing fields are not published here.