1000 Park Avenue Utica, NY 13501
MULTI_FAMILY - Utica, NY
- Added:
- May 4, 2026
- Days on Market:
- 72
- Last Refresh:
- Jul 14 at 5:06 am
Property Features for 1000 Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
- Exterior features
- BlacktopDriveway, Fence
- Fencing
- Fenced
- Appliances
- ElectricOven, ElectricRange, GasOven, GasRange, GasWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 318.58-2-9
- Size
- 4,080 SF
Taxes and HOA fees
- Tax Annual Amount
- 4186
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- Laminate, Tile, Varies
- Building materials
- VinylSiding
- Roof type
- Asphalt
Listing agent Alen Zekic License #10401267029 (315) 570-0148
Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY (315) 735-9244
Listing date May 4, 2026
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.
Located in East Utica and just minutes from downtown, the property places residents within reach of shopping, restaurants, and other local amenities. The building is currently generating strong rental income with consistent occupancy, positioning it as an immediately productive asset.
The current configuration makes the property well-suited for investors seeking turnkey cash flow without the need to address major near-term exterior components. It may be purchased individually or as part of a package that includes additional income-producing properties listed separately, offering a practical way to build scale within a concentrated area.
Key Highlights
- 7‑unit apartment building in East Utica, fully rented
- Unit mix: two studio apartments, three 1‑bedroom apartments, and two 2‑bedroom apartments
- Exterior updates include newer vinyl siding and a newer roof (recently updated within the last year per remarks)
Local Financial Insights For Apartment 5plus
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 | $66.1k | $16.20 |
| − Vacancy | −$4.3k | −$1.06 |
| EGI | $61.8k | $15.14 |
| − OpEx | −$27.8k | −$6.81 |
| NOI | $34.0k | $8.32 |
