Updated Two-Family Income
10 Reynolds Avenue Oneonta, NY 13820
10 Reynolds Avenue, Oneonta, NY, 13820
$279,000
For Sale
$279,000
MULTI_FAMILY - Other - Oneonta, NY
Property Size1,760 SF
Lot Size0.16 Acres
Price / SF$158.52
Days on Market152
Property Features for 10 Reynolds Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 300.5-3-22
- Size
- 1,760 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7829
Utilities
- Heating system
- Natural Gas, Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Vinyl
- Building materials
- Stone
- Architectural style
- Other
Listing Agency
Keller Williams Upstate NY Properties
(607) 431-2540
31 Main St, Oneonta, NY
Listed by
Stacey L. Camilleri · License #40CH1109154
(607) 376-2279
Added: Feb 16 Checked: Jul 18 at 8:06 am
MLS# R1662162
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated two-family home in the City of Oneonta features two separate apartments, each with its own full kitchen and walk-in tile shower in the bathroom. The downstairs unit offers 2 bedrooms and 1 full bath with an open-concept kitchen, dining, and living area, including a built-in table and updated appliances. The upstairs unit includes 3 bedrooms and 1 full bath, with a kitchen featuring Corian countertops and newer appliances, plus living space with a dining area just off to the side.
The property is served by three electric meters, with 100-amp service. Tenants have access to a shared utility/laundry room provided at no cost, and the home includes a shared driveway as well as a parking area behind the house.
Currently rented for the 2025/2026 school year, the layout supports residential income use with the added consideration of potential short-term rental use depending on local regulations.
The property is served by three electric meters, with 100-amp service. Tenants have access to a shared utility/laundry room provided at no cost, and the home includes a shared driveway as well as a parking area behind the house.
Currently rented for the 2025/2026 school year, the layout supports residential income use with the added consideration of potential short-term rental use depending on local regulations.
Key Highlights
- Strong income potential as a rental property, including possible short‑term rental use.
- Proven rental history and currently rented for the 2025/2026 school year.
- Two updated apartments: one with 2 bedrooms, one with 3 bedrooms, each with updated kitchens and full baths with walk‑in tile showers.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.2k | $13.20 |
| − Vacancy | −$1.3k | −$0.73 |
| EGI | $22.0k | $12.47 |
| − OpEx | −$6.6k | −$3.74 |
| NOI | $15.4k | $8.73 |
1,760 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$219.5K
$192.1K – $256.1K
NOI $15,368 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$204.9K
$179.3K – $239.1K
NOI $14,346 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,961 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - An updated two-family residence with separate 2- and 3-bedroom units, shared laundry, and on-site parking.
Where is this duplex located?
The property is located at 10 Reynolds Avenue Oneonta, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Strong income potential as a rental property, including possible short‑term rental use.; Proven rental history and currently rented for the 2025/2026 school year.; Two updated apartments: one with 2 bedrooms, one with 3 bedrooms, each with updated kitchens and full baths with walk‑in tile showers.
