Rochester Investment

Official-boundary market report

EMMA, ACE small-multifamily market report, 2021–2025

EMMA/ACE reaches the standalone-report cutoff only across the full five-year period, so the aggregate matters more than any single annual number. This report covers 24 unique closed Rochester two-to-four-unit MLS listings matched to the official City neighborhood polygon.

Updated: Published September 10, 2026

What stands out

The official polygon contains 24 sales. Only 2022, 2023, and 2025 clear the annual threshold; the 2021 and 2024 price measures are withheld. The sharp difference between publishable annual medians must not be presented as neighborhood appreciation without controlling for property mix and condition.

These 24 records represent 0.9% of the 2,812 citywide closings in the filtered extract. Official neighborhood polygons can overlap, so polygon counts and shares must not be added together.

The annual record

The table uses identical filters and definitions in every year. Price, days-on-market, and sale-to-original-list measures publish only when an annual sample contains at least five sales.

Closed yearUnique salesMedian sale priceMedian DOMMedian sale / original list
20211Withheld (n=1)WithheldWithheld
20227$70,0002682.5%
20235$74,90012100.0%
20244Withheld (n=4)WithheldWithheld
20257$190,0009115.1%
Licensed MLS extract retrieved September 10, 2026. Source-provided coordinates matched to the official City polygon; Rochester; status S-Closed/Rented; property type Multi-Family Res (2-4) units; closed January 1, 2021–December 31, 2025; one row per unique MLS number. Annual price and pace measures are withheld below five observations.

Five-year aggregate

Across the full period, reported sale-price volume was $2,781,300, median sale price was $78,750, median source-defined days on market was 10, and median sale price was 98.8% of original list price.

The aggregate describes the filtered MLS population inside this polygon. It is not proof of legal unit count, a rent or income measure, a valuation of every property, or a repeat-sales index.

Updegraff Group Realty participation

No Updegraff Group Realty participation was identified in this 24-closing official-polygon sample. A zero in this licensed extract is reported as a result, not filled with off-market work or another affiliated company’s activity.

YearMarket closingsUGR either sideObserved shareList sideBuyer sideBoth sides
202110Withheld (n=1)000
2022700.0%000
2023500.0%000
202440Withheld (n=4)000
2025700.0%000
Unique UGR transaction = list side + buyer side − both sides. Annual shares are withheld below five total market closings. Brokerage participation is disclosed separately from market results.

The next useful cut

Audit condition, vacancy at sale, unit count, distress indicators, and renovation scope before drawing conclusions from this comparatively low-price sample.

Raw addresses, agent names, coordinates, and confidential MLS remarks are excluded from this public report. The interactive comparison tool retains every official polygon, including areas that do not meet the 20-sale standalone-report threshold.