Turnkey Two-Family Investment
14-16 Otsego Street Oneonta, NY 13820
14-16 Otsego Street, Oneonta, NY, 13820
$250,000
For Sale
$250,000
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,756 SF
Price / SF$90.71
Days on Market111
Property Features for 14-16 Otsego Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 6, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5
- Appliances
- WaterHeater
- Standard status
- Active
- APN
- 300.6-3-19
- Size
- 2,756 SF
Taxes and HOA fees
- Tax Annual Amount
- 2877
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
- Laminate, Vinyl, Varies
- Building materials
- WoodSiding
- Architectural style
- Other
Listing Agency
River Hills Properties LLC Lf
(315) 508-5268
525 Albany St., barneveld, NY
Listed by
Brandon Mosher · License #10301224028
(315) 868-4596
Added: Mar 29 Checked: Jul 17 at 1:06 pm
MLS# S1669841
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.
Located in Oneonta, NY, 14-16 Otsego Street is a two-family property featuring 6 bedrooms and 2 bathrooms. Each unit offers 3 bedrooms. The property has separate utilities for each unit. The owner is responsible for water and sewer. The property has a strong rental history and produces an annual NOI of $17,800. This property is part of a three-property investment package. The portfolio includes 1-3 Birch Street, a two-unit duplex with separate utilities, and 34 Pine Street, a two-unit duplex with separate utilities and additional garage rental income. The total portfolio NOI is $49,500, offered at a 7.125% cap rate, with 6 total units across 3 properties. The property is centrally located near schools, downtown, and amenities. The property has potential for future rent growth.
Key Highlights
- 14‑16 Otsego Street is a 2‑family duplex built in 1920 with 6 bedrooms and 2 bathrooms total.
- Each unit offers 3 bedrooms, with separate utilities for each side to help manage expenses.
- Owner pays only water and sewer; public water service is available.
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 | $43.0k | $15.60 |
| − Vacancy | −$2.1k | −$0.78 |
| EGI | $40.8k | $14.82 |
| − OpEx | −$18.4k | −$6.67 |
| NOI | $22.5k | $8.15 |
2,756 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.8K
$300.8K – $401.1K
NOI $24,065 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,464 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$759.7K
$664.8K – $886.3K
NOI $53,180 @ 7.0% cap · market cap 21.27%
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 - Two-family property with strong rental history in Oneonta, NY.
Where is this duplex located?
The property is located at 14-16 Otsego Street Oneonta, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 14‑16 Otsego Street is a 2‑family duplex built in 1920 with 6 bedrooms and 2 bathrooms total.; Each unit offers 3 bedrooms, with separate utilities for each side to help manage expenses.; Owner pays only water and sewer; public water service is available.
