Advertise
    Location, address, ZIP or keywords
    Back to Search
    Well-Maintained Multi-Family Investment Opportunity

    1312 Butternut Street Utica, NY 13502

    Claim this Listing
    Pending
    $199,900

    MULTI_FAMILY - Other - Utica, NY

    Property size:
    2,016 SF
    Lot size:
    0.09 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    97
    Last Refresh:
    Jul 14 at 11:06 am

    Property Features for 1312 Butternut Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 1
    Patio and Porch features
    Porch
    Exterior features
    EnclosedPorch, Porch
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    301600-318-054-0001-033-000-0000
    Size
    2,016 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3488

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Hardwood
    Roof type
    Asphalt
    Architectural style
    Other

    Listing agent Lisa A. Kowalczyk License #10491203704

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

    Listing date Apr 9, 2026

    MLS# S1672325 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 multi-family property, situated on a corner lot, presents an investment opportunity. Each unit features 3 bedrooms with updated interiors and hardwood floors. The property has separate utilities, including water. A two-car detached garage offers convenient access. The property currently houses long-term tenants, providing immediate income, with potential for increased capital. The property size is 2016 square feet and the lot size is 0.0918 acres.

    Key Highlights

    • Multi‑unit property built in 1920 on a corner lot
    • Each unit includes 3 bedrooms and updated interiors
    • Hardwood flooring throughout (varies by area)

    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 $32.7k $16.20
    − Vacancy −$2.1k −$1.06
    EGI $30.5k $15.14
    − OpEx −$13.7k −$6.81
    NOI $16.8k $8.32
    2,016 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $260.8K
    $228.2K – $304.3K (±1% cap)
    NOI $18,259 @ 7.0% cap · market cap 9.13%
    Second Best
    Apartment 5plus
    $239.7K
    $209.8K – $279.7K (±1% cap)
    NOI $16,782 @ 7.0% cap · market cap 8.40%
    Theoretical Best
    Office A
    $531.3K
    $464.9K – $619.8K (±1% cap)
    NOI $37,188 @ 7.0% cap · market cap 18.60%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Parking Lot & Garage HVAC Service Accounting Firm Furniture & Home Goods (Bike/Boat/Book/etc) Store Daycare Center Storage Facility (Bike/Boat/Book/etc) Store Skin Care Clinic

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

    Similar For Sale Nearby

    • $1,200,000

      Multi-Tenant Retail and Office Center

      Multi-tenant retail center with occupied units, vacancies, and updated systems on a parking-rich site with street frontage.
      1155 Mohawk St, Utica, NY 13501
      View Details
    • $189,000
      3,364 SF

      Two-Unit Duplex with Garage

      Turn-key two-unit duplex with separate utilities, updated interiors, and a three-stall garage for flexible income options.
      913 Kellogg Avenue, Utica, NY 13502
      View Details
    • $249,000
      3,793 SF

      Updated Three-Family Investment Property

      Well-maintained three-family property with updates and separate utilities.
      1500 Conkling Avenue, Utica, NY 13501
      View Details
    • $279,000
      1,856 SF

      Two-Family Residential Investment Property

      Two separate units with three bedrooms each, plus multiple outbuildings and heated garage space.
      326 Tilden Avenue, Utica, NY 13501
      View Details
    • $174,000
      2,652 SF

      Two-Unit Residential Income Property

      Well-proportioned two-unit rental with four bedrooms in each apartment, suited for income-focused ownership.
      110 Harding Place, Utica, NY 13501
      View Details
    • $179,000
      2,454 SF

      Two-Unit Multifamily Residence

      Classic two-family home offering two separate units, each with a kitchen, for flexible owner-occupant or rental use.
      116 Leah Street, Utica, NY 13501
      View Details
    • $219,900
      3,340 SF

      Two-Unit Residential Income Duplex

      Two distinct apartments on a double lot offer an owner-occupy option while maintaining rental income.
      2208 Caroline Street, Utica, NY 13502
      View Details
    • $229,000
      2,112 SF

      Two-Family Residential Income Property

      Two-unit home with large kitchens, hardwood floors, and separate upstairs and first-floor apartment layouts.
      809 Eagle Street, Utica, NY 13501
      View Details
    • $550,000
      12,842 SF

      Mixed-Use Apartment with Storefront

      Mixed-use building includes 14 residential units and a storefront commercial space.
      1017 Bleecker Street, Utica, NY 13501
      View Details
    • $649,000
      5,148 SF

      Brick 8-Unit Apartment Building

      Fully rented brick multifamily with a large parking area and a diversified mix of 1-, 2-, 3-bedroom and studio units.
      406 Rutger Street, Utica, NY 13501
      View Details
    • $169,000
      2,350 SF

      Two-Family Residential Income Property

      Two-unit duplex with separate utilities and one unit currently tenant-occupied.
      1029 Kellogg Avenue, Utica, NY 13502
      View Details
    • $199,900
      1,966 SF

      Turnkey Two-Unit Multifamily

      Fully remodeled duplex with separate utilities, updated interiors, and one unit ready for immediate occupancy.
      508 Albany Street, Utica, NY 13501
      View Details

    FAQs

    What type of property is this?
    Duplex - Corner lot multi-family with updated interiors and long-term tenants.
    Where is this duplex located?
    The property is located at 1312 Butternut Street Utica, NY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Multi‑unit property built in 1920 on a corner lot; Each unit includes 3 bedrooms and updated interiors; Hardwood flooring throughout (varies by area)
    Contact an agent
    (315) 534-1301
    We can help!
    Contact an agent
    Lisa A. Kowalczyk
    Lisa A. Kowalczyk
    Real Estate License ID: 10491203704
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1312 Butternut Street, Utica, NY 13502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!