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East Utica Three-Family Home

1007 Morris Utica, NY 13501

Claim this Listing
For Sale
$330,000

MULTI_FAMILY - Other - Utica, NY

Property size:
3,444 SF
Price / SF:
$95.82/SF
Added:
May 11, 2026
Days on Market:
65
Last Refresh:
Jul 14 at 5:06 am

Property Features for 1007 Morris

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 3, Basement, Bedroom 8, Bedroom 6, Bedroom 1
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Standard status
Active
APN
319.61-4-59
Size
3,444 SF

Taxes and HOA fees

Tax Annual Amount
4260

Utilities

Heating system
Natural Gas, Forced Air
Water source
Public

Building Details

Year built
1935
Floors in Building
3
Number of units
3
Flooring type
Laminate, Hardwood, Tile, Varies, Carpet
Building materials
VinylSiding, CopperPlumbing, PexPlumbing
Roof type
Asphalt
Architectural style
Other

Listing agent Alen Zekic License #10401267029

Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY

Listing date May 11, 2026

MLS# S1680521 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 East Utica property offers 3,444 square feet of living space and features three spacious 3-bedroom apartments. The property is suitable as an investment property or for owner-occupants looking to live in one unit while renting the others. Each apartment has separate utilities. Additional features include ample parking, a nice-sized backyard, and a newer-built 2-car garage. The property is conveniently located close to local amenities, shopping, schools, and restaurants. This income-producing property is located in a desirable East Utica location.

Key Highlights

  • 3‑family home built in 1935 with over 3,444 sq ft of living space
  • Three 3‑bedroom apartments, each with separate utilities
  • Natural gas forced‑air heating and gas water heater

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 $55.8k $16.20
− Vacancy −$3.7k −$1.06
EGI $52.1k $15.14
− OpEx −$23.5k −$6.81
NOI $28.7k $8.32
3,444 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.9K (±1% cap)
NOI $31,193 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.8K (±1% cap)
NOI $28,670 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$907.6K
$794.1K – $1.06M (±1% cap)
NOI $63,529 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Skin Care Clinic Storage Facility Garden Center Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Spa & Massage Center Cosmetic Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Spacious 3-unit property in East Utica with strong rental potential.
Where is this triplex located?
The property is located at 1007 Morris Utica, NY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 3‑family home built in 1935 with over 3,444 sq ft of living space; Three 3‑bedroom apartments, each with separate utilities; Natural gas forced‑air heating and gas water heater
Contact an agent
More about this property
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