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    16 Clifton St Unadilla, NY 13849

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    Sponsored
    For Sale
    $289,000

    MULTI_FAMILY - Unadilla, NY

    Property size:
    4,760 SF
    Lot size:
    0.15 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 10 at 9:06 am

    Property Features for 16 Clifton St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    334.19-1-19.00
    Interior features
    PullDownAtticStairs
    Exterior features
    PropaneTankLeased
    Appliances
    PropaneWaterHeater
    Size
    4,760 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Varies
    Building materials
    AtticCrawlHatchwaysInsulated, Brick, SprayFoamInsulation

    We can help!

    Listing Contact
    Stacey L. Camilleri
    Stacey L. Camilleri

    Keller Williams Upstate New York Properties (607) 431-2540

    Listing agent Stacey L. Camilleri (607) 431-2540 License #40CH1109154

    Listing date Feb 26, 2026

    MLS# R1648855 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.

    Learn more

    Property Insight Report

    Overview

    Unadilla Multifamily with Office Space

    Located in Unadilla, New York, this property presents an income-producing opportunity. The well-maintained brick building features two upstairs apartments, both currently rented. Apartment 2A offers 1,140 square feet with laundry hookups in one of the bedrooms, while apartment 2B offers 1,250 square feet with laundry hookups located in the living area. Each apartment features a similar layout with high ceilings, an open living room and kitchen, two bedrooms, a full bathroom, and a coat closet near the entry. Built in 1975, the property includes a detached garage with separate electric and water hookup potential. The main level features a 2,360 square feet vacant office space with central air conditioning, formerly used as a medical facility. The office area includes a reception space with glass divider window, waiting room, accessible bathroom, phlebotomist lab, three exam rooms, doctor's office, nurse's station with lunch area, carpeted office with filing storage, five closets, linens room, storage room, and a separate utilities room. The property is suitable for additional rental income, owner-occupant use, or a business venture such as healthcare, office, veterinary, or coworking space. Situated just off Interstate 88, the property is close to SUNY Oneonta and 40 minutes from Binghamton. The lot size is 0.15 acres and the property size is 4,760 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Pharmacy Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Unadilla
    County
    Otsego
    State
    New York
    Longitude
    -75.316522
    Latitude
    42.326079

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    FAQs

    What type of property is this?
    Apartment building - Income-producing multifamily with vacant office space in Unadilla, NY.
    Where is this apartment building located?
    The property is located at 16 Clifton St Unadilla, NY.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Income-producing property with two rented apartments providing immediate cash flow.; - **Large (2,360 sq ft) vacant office space** suitable for rental income, owner-occupancy, or business venture (healthcare, office, veterinary, coworking).; - Convenient location just off Interstate 88, close to SUNY Oneonta, and 40 minutes from Binghamton.
    (607) 376-2279
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    16 Clifton St Unadilla, NY 13849
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    Unadilla, NY 13849
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Clifton St Unadilla, NY 13849
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    We can help!
    Listing Contact
    Stacey L. Camilleri
    Stacey L. Camilleri
    Real Estate License ID: 40CH1109154
    (607) 376-2279 (607) 431-2540 (607) 638-9568
    Learn more
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