Rochester Investment

Official-boundary market report

Lock 66 small-multifamily market report, 2021–2025

Lock 66 is large enough for an aggregate report, but one annual gap and a non-linear median pattern argue for restraint. This report covers 32 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 five-year series contains 32 sales. Four of five years clear the annual threshold; 2023 is withheld at four sales, and the published medians do not move in a straight line.

These 32 records represent 1.1% 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
20219$251,00011100.0%
20226$271,25011105.6%
20234Withheld (n=4)WithheldWithheld
20247$219,000799.6%
20256$277,45011108.2%
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 $8,245,500, median sale price was $256,200, median source-defined days on market was 9.5, and median sale price was 100.1% 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

Updegraff Group Realty participated on either side of 2 of the 32 unique closings. Its five-year observed share was 6.3%. Listing-side plus buyer-side counts are reconciled by subtracting the 1 dual-sided transaction so a property closing is not counted twice.

YearMarket closingsUGR either sideObserved shareList sideBuyer sideBoth sides
2021900.0%000
2022600.0%000
202340Withheld (n=4)000
20247114.3%010
20256116.7%111
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

Review canal and river proximity, flood screening, unit count, building condition, and lot or parking characteristics before applying the neighborhood result to a property.

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.