Rochester Investment

Original MLS research

Rochester’s small-multifamily market in 2025

A neighborhood-level review of 549 Rochester two-to-four-unit MLS closings in 2025, set against the complete 2021–2025 record and official City geography.

Updated: September 10, 2026

The 2025 median increased while the number of sales declined

The citywide MLS population contained 549 closed two-to-four-unit listings in 2025, down 10.4% from 613 in 2024. The median reported sale price was $150,000, up 22.4% from the 2024 median of $122,500. Median source-defined days on market increased from 10 to 11, while the median sale price equaled 100.7% of original list price.

The 22.4% change is not a repeat-sales appreciation rate. Different properties sold in each year, and the mix changed by neighborhood, condition, occupancy, unit configuration, financing, and transaction circumstances.

YearUnique salesMedian sale priceMedian DOMMedian sale / original list
2024613$122,50010100.1%
2025549$150,00011100.7%
Change−10.4%+22.4%+1 day+0.6 percentage points
City of Rochester; MLS status S-Closed/Rented; property type Multi-Family Res (2-4) units; one record per unique MLS number.

The largest official-polygon transaction populations remained in the north, northwest, and southwest

The official 14621 polygon contained 100 qualifying 2025 closings, followed by Maplewood with 57, Edgerton with 50, the 19th Ward with 46, and Beechwood with 34. These are the largest independently calculated official-polygon populations in the dataset.

Official neighborhood and association polygons can overlap. The rows therefore describe each named geography separately and must not be added together to recreate the citywide count.

Official City polygon2025 sales2025 medianMedian DOM
14621100$95,50017
Maplewood57$165,0008
Edgerton50$107,50014.5
19th Ward46$168,25011.5
Beechwood34$137,50013.5
Lyell-Otis22$125,0008
North Marketview Heights16$90,00017
Genesee-Jefferson15$150,0008
Park Central13$480,0006
Neighborhood Of The Arts12$361,25011
South Wedge12$305,0009.5
Upper Monroe12$322,7508
Annual medians and DOM are withheld when fewer than five qualifying sales fall inside the polygon.

Higher 2025 medians appeared in several smaller central and southeast samples

Park Central recorded the highest publishable 2025 median at $480,000 across 13 sales. 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.

These results describe the sold-property mix, not neighborhood-wide values or expected returns. They do not control for unit count, building size, renovation, tenancy, utilities, legal use, or commercial components.

Official City polygon2025 salesMedian sale priceMedian DOM
Park Central13$480,0006
Park Meigs10$418,7507
Neighborhood Of The Arts12$361,25011
Upper Monroe12$322,7508
North Winton Village10$315,5007
South Wedge12$305,0009.5
Pearl Meigs Monroe8$291,50015
Lock 666$277,45011
Swillburg8$270,7767.5
Highland Park11$270,0006
Ranked only among official polygons with at least five qualifying 2025 sales.

Five-year median changes were large, but the composition warning matters

Among polygons with at least five sales in both 2021 and 2025, the largest median changes appeared in Plymouth-Exchange, Genesee-Jefferson, Lyell-Otis, Charlotte, and Edgerton. The 19th Ward median changed from $105,000 across 51 sales in 2021 to $168,250 across 46 sales in 2025.

These are changes between two annual transaction populations. They should not be described as appreciation without a repeat-sales or property-characteristic model.

Official City polygon2021: sales · median2025: sales · medianMedian change
Plymouth-Exchange7 · $81,0009 · $175,550116.7%
Genesee-Jefferson13 · $70,00015 · $150,000114.3%
Lyell-Otis28 · $71,00022 · $125,00076.1%
Charlotte15 · $135,0008 · $228,00068.9%
Edgerton41 · $65,00050 · $107,50065.4%
Bensonhurst15 · $90,00011 · $146,50062.8%
Beechwood34 · $85,00034 · $137,50061.8%
19th Ward51 · $105,00046 · $168,25060.2%
Maplewood64 · $109,50057 · $165,00050.7%
14621109 · $65,000100 · $95,50046.9%
Both endpoint years must contain at least five qualifying sales. Rankings remain sensitive to the properties that happened to sell.

Updegraff participation is strongest in the 19th Ward on a substantial sample

Across the official 19th Ward polygon, Updegraff Group LLC appeared on 34 of 240 unique 2021–2025 MLS transactions, or 14.2%. Corn Hill’s measured share was slightly higher at 14.8%, but that result represents four of only 27 transactions.

The 19th Ward result is the stronger evidence of sustained market participation because it combines a high measured share with a much larger transaction population. This count includes listing, co-listing, selling, or co-selling office fields and counts each MLS number once even when the brokerage represented both sides.

Official City polygon2021–2025 salesUGR participatedDeduplicated share
Corn Hill27414.8%
19th Ward2403414.2%
South Marketview Heights76911.8%
Park Central5647.1%
Swillburg2827.1%
Plymouth-Exchange4436.8%
Lock 663226.3%
Upper Monroe6746.0%
Neighborhood Of The Arts3925.1%
Beechwood17384.6%
Ranked among official polygons with at least 20 qualifying five-year transactions. This is brokerage participation, not commission income, credited sale volume, or off-market market share.

This report does not claim investment performance

The dataset does not establish rents, vacancy, operating expenses, capital requirements, financing, cash flow, cap rates, total return, or legal unit status. Those measures require property-level evidence and reconciled operating data.

Raw listing addresses, coordinates, remarks, agent details, and other restricted fields are not published. The site exposes only aggregate results, definitions, dates, and limitations.