248 State Route 31

Macedon NY 14502

3871 sq. ft.

34848 sq. ft.

Multi-Family

Last sold for $425,000

Amber McGuckin, last sold this property on 08 May 2026 after 52 days on market.

Overview

Exceptional 4 unit multi-family investment property in Macedon, NY offering an outstanding opportunity for both investors and owner-occupant landlords. This freshly remodeled 3871sqft building is move-in ready and positioned to generate strong rental income in a highly convenient location. Each apartment comes equipped with brand-new kitchen appliances. The massive first-floor unit offers premium living space rarely found in multi-family properties and is ideal for an owner-occupant or high-end rental. This unit includes 1.5 bathrooms, a walk-in closet, dedicated laundry room, and a large living room with a gas fireplace. From an operational standpoint, the property is designed for efficiency with separate utilities, individual water heaters, and separate electrical panels for each unit, simplifying management and reducing owner expenses. The property features durable scratch/water-resistant laminate flooring throughout along with many newer vinyl replacement windows. Three of the four units include in-unit laundry hookups, a desirable feature for tenants that can support higher rents and lower turnover. Based on market rents averaging approximately $1,200 per unit, the property has the potential to generate over $57,000 in gross annual rental income, creating more than $50,000 in annual cash flow potential. Exterior amenities include a large attached two-car garage, ample driveway parking, and additional parking available in the adjacent lot, providing plenty of space for residents and guests. The location is a major advantage. Situated in Macedon, New York, the property is within walking distance to Lowe’s, Walmart, Tractor Supply, and other major retailers, while being just 5 minutes from Perinton Square and less than 15 minutes from Pittsford, offering easy access to shopping, dining, and employment centers throughout the greater Rochester area. Whether you are looking for a cash-flowing four-unit investment property near Rochester, NY, a house-hack opportunity, or a turnkey multi-family building in Macedon, this property delivers strong rental potential, modern updates, and an excellent location. Showings begin Thursday, March 19th at 8am.

Features

4 bedrooms

4 bathrooms

2 carspaces

2 garage spaces

3871 sq. ft. floor area

34848 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 4 bedroom multi families sold in Macedon over the last 12 months.

Property history for 248 State Route 31

2026

Sold

$425,000

08 May 2026 by Amber McGuckin, of REMAX Realty Group | North Potomac

Happy sellers in Macedon

We have insufficient information to provide an overview of customer satisfaction for Macedon. Viewing the agent profiles, reviews and sales for Macedon can provide insights for this location.