Italianate Bed & Breakfast
1423 GENESEE St Utica, NY 13501
For Sale
$949,900
COMMERCIAL - Utica, NY
Property Size7,200 SF
Lot Size1.00 Acre
Price / SF$131.93
Days on Market657
Property Features for 1423 GENESEE St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
11
Rooms
Bathroom 5, Bathroom 4, Bathroom 8, Bathroom 11, Bathroom 1, Bathroom 10, Bathroom 9, Bathroom 6, Bathroom 3, Bathroom 2, Bathroom 7
Parking features
Driveway
Patio and Porch features
Porch, Deck
Standard status
Active
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
6850
Utilities
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1866
Floors in Building
3
Flooring type
Hardwood, Carpet, Tile
Building materials
Wood Siding, Brick
Roof type
Rubber
Listing Agency:
THE BOUTIQUE REAL ESTATE SHOPPE
(315) 717-4058
Listed By:
Nathaniel Crossett
(315) 717-4058
Added: Oct 10, 2024
Changed: Jul 12
Last Checked: Jul 28 at 6:06PM
MLS# 11352659
Copyright © 2026 My State MLS. 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.
The Rosemont Inn is a 7,200-square-foot Italianate manse operating as a bed & breakfast, featuring eight beautifully appointed suites. Each suite includes a remodeled bathroom. Interior upgrades are described as meticulously renovated, with soaring ceilings and original-style moldings, plus full-height windows that bring in natural light. A state-of-the-art prep kitchen is included, with extensive countertops and professional-grade appliances. There is also a spacious owner’s apartment of 2,000+ square feet.
The property is located at 1423 Genesee St in Utica, New York, in an urban setting described as nearly one acre. The listing notes a longstanding hospitality presence with a two-decade legacy. Public remarks also cite strong guest feedback, including an #1 rating on TripAdvisor and Google and full 5-star ratings on both platforms.
For a buyer or operator seeking an on-site business, the inn offers the core elements of a guest-facing lodging operation, including guest suites, a dedicated prep kitchen, and separate owner accommodations. The current presentation is described as turnkey, with the owner reportedly investing in recent renovations and marketing materials. The business is presented as currently generating $240,000 annually, and the property is described as having expansion opportunities on the nearly one-acre parcel.
The property is located at 1423 Genesee St in Utica, New York, in an urban setting described as nearly one acre. The listing notes a longstanding hospitality presence with a two-decade legacy. Public remarks also cite strong guest feedback, including an #1 rating on TripAdvisor and Google and full 5-star ratings on both platforms.
For a buyer or operator seeking an on-site business, the inn offers the core elements of a guest-facing lodging operation, including guest suites, a dedicated prep kitchen, and separate owner accommodations. The current presentation is described as turnkey, with the owner reportedly investing in recent renovations and marketing materials. The business is presented as currently generating $240,000 annually, and the property is described as having expansion opportunities on the nearly one-acre parcel.
Key Highlights
- 7,200 SF Italianate bed & breakfast with 8 suites and remodeled bathrooms
- 2,000+ SF owner’s apartment on‑site plus a state‑of‑the‑art prep kitchen with professional‑grade appliances
- Grosses $240k annually (per public remarks)
Financial Insights For Hotel Hospitality
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 | $129.6k | $18.00 |
| − Vacancy | −$71.3k | −$9.90 |
| EGI | $58.3k | $8.10 |
| − OpEx | −$30.6k | −$4.25 |
| NOI | $27.7k | $3.85 |
7,200 SF · lease $18.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,814 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Rosemont Inn Bed & Breakfast — 1423 Genesee St, Utica, NY 13501
- Thea Sierak — 1808 Oneida St, Utica, NY 13501
- Trapppp — 706 spring st, utica, ny 13502
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Historic inn with eight suites, remodeled bathrooms, and a large owner’s apartment for on-site hospitality operations.
Where is this bed & breakfast located?
The property is located at 1423 GENESEE St Utica, NY.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 7,200 SF Italianate bed & breakfast with 8 suites and remodeled bathrooms; 2,000+ SF owner’s apartment on‑site plus a state‑of‑the‑art prep kitchen with professional‑grade appliances; Grosses $240k annually (per public remarks)
