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    West Oneonta Multi-Family Property Title is generated by Realmo AI

    17 Olen Houck Street, West Oneonta, NY 13861

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    Claim this Listing
    For Sale
    Under Contract
    $299,900

    MULTI_FAMILY - Other - West Oneonta, NY

    Property size:
    3,448 SF
    Lot size:
    1.84 Acres
    Price / SF:
    $86/SF
    Added:
    Nov 18, 2025
    Days on Market:
    182
    Last Refresh:
    May 19 at 12:06 am

    Property Features for 17 Olen Houck Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Basement, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2
    Parking features
    Open
    Patio and Porch features
    Patio, Deck
    Interior features
    CeilingFans, BedroomOnMainLevel
    Exterior features
    Deck, Patio
    Fireplace
    1
    Appliances
    ElectricWaterHeater, TanklessWaterHeater
    Standard status
    Active Under Contract
    APN
    286.12-1-3.00
    Size
    3,448 SF
    Lot size
    1.84 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6481

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Baseboard, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Varies, Hardwood, Laminate
    Building materials
    VinylSiding
    Roof type
    Membrane, Shingle, Rubber, Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Gabriel Lane

    Listing agent Gabriel Lane License #10401304952

    Listing office Benson Agency Real Estate LLC One Grand Street, Oneonta, NY

    Listing date Nov 18, 2025

    MLS# R1650002 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.

    HighLights

    • Two large, well‑maintained units (1700+ sq. ft. each) ideal for owner‑occupancy or investment
    • Minutes from Cooperstown All‑Star Village, Muddy River Farm Brewery, and Oneonta amenities
    • Additional 600 sq ft bonus structure with electric and water nearby, offering versatile potential
    • Tastefully updated downstairs unit features an open‑concept kitchen, updated flooring, and in‑unit laundry
    • Spacious upstairs unit with updated appliances and hardwood floors, offering ample closet space
    • Enjoy the nearly 2‑acre lot with mature trees, stone patio, fire pit, garden, and fenced pet area

    Overview

    Located in West Oneonta, New York, this multi-family property is situated on nearly 2 acres. The property is located minutes from Cooperstown All-Star Village, Muddy River Farm Brewery, and the City of Oneonta. The main structure contains two units, each over 1700 square feet, totaling 3448 square feet of living space. The downstairs unit features an open-concept kitchen, living, and dining room setup, three bedrooms, and two bathrooms. Updates include flooring, recessed lighting, and a stackable washer and dryer. This unit also has direct access to the basement, which includes a 2-bay garage and additional storage. The upstairs unit is a three-bedroom, two-bathroom apartment with updated appliances, including a refrigerator, microwave, dishwasher, and electric range, as well as its own washer and dryer. This apartment features natural light, a large kitchen with hardwood floors, spacious rooms, and ample closet space. An additional structure of roughly 600 square feet is located at the back of the property. This bonus structure has electric, nearby water, a metal roof, and laminate flooring. The property includes a paved driveway, a yard with mature trees, a stone patio, a fire pit, a garden, and a fenced-in space. The lot size is 1.84 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Hotel & Motel Accounting Firm (Bike/Boat/Book/etc) Store Veterinary Clinic Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    West Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.12115
    Latitude
    42.472267

    FAQs

    What type of property is this?
    Duplex - Two-unit property with additional structure on nearly two acres.
    Where is this duplex located?
    The property is located at 17 Olen Houck Street West Oneonta, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Two large, well‑maintained units (1700+ sq. ft. each) ideal for owner‑occupancy or investment; Minutes from Cooperstown All‑Star Village, Muddy River Farm Brewery, and Oneonta amenities; Additional 600 sq ft bonus structure with electric and water nearby, offering versatile potential
    (607) 435-3921
    We can help!
    Listing Contact
    Gabriel Lane
    Real Estate License ID: 10401304952
    Learn More
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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
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