Duplex with Shared
For Sale
$274,000
Pending
20 Otsego Street, Oneonta, NY 13820
MULTI_FAMILY - Oneonta, NY
Property Size2,669 SF
Lot Size0.10 Acres
Days on Market132
Property Features for 20 Otsego Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 6, Basement, Bedroom 2, Bedroom 3
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Subdivision
Oneonta-City-361200
Standard status
Pending
APN
361200-300-006-0003-021-200-0000
Size
2,669 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
8450
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Varies, Carpet, Hardwood, Vinyl
Building materials
Frame
Listing Agency:
Oneonta Realty LLC
(607) 433-2873
Listed By:
Rebecca Ryan · License #10401320460
(607) 287-1500
Added: Apr 10
Changed: Aug 7
Last Checked: Aug 19 at 7:06AM
MLS# R1669565
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 duplex configuration features two separate homes on two tax lots with shared driveway access. The front residence is a 5-bedroom, 1-bath home with a cedar shake exterior and a newer metal roof, designed for strong exterior maintenance. The rear structure is a 2-bedroom, 1-bath home with vinyl siding, positioned behind the main house for added separation.
The property sits on a 0.1-acre lot and totals 2,669 square feet, with a frame construction profile and a build year of 1900. The homes are served by public water and heated with natural gas, and the property includes a gas water heater. Flooring includes vinyl, hardwood, and carpet, with rooming that supports flexible residential layouts.
With separate living spaces on individual tax parcels and shared driveway convenience, the layout can work for owner-occupancy with supplemental rental income, a full investment setup, or multi-generational living that maintains privacy between residences.
The property sits on a 0.1-acre lot and totals 2,669 square feet, with a frame construction profile and a build year of 1900. The homes are served by public water and heated with natural gas, and the property includes a gas water heater. Flooring includes vinyl, hardwood, and carpet, with rooming that supports flexible residential layouts.
With separate living spaces on individual tax parcels and shared driveway convenience, the layout can work for owner-occupancy with supplemental rental income, a full investment setup, or multi-generational living that maintains privacy between residences.
Key Highlights
- Two separate homes on two tax lots with shared driveway access
- Front home: 5 bedrooms, 1 bath; cedar shake exterior; newer metal roof
- Rear home: 2 bedrooms, 1 bath; vinyl siding; positioned behind the main house
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,100
$466.1K
Cap Rate 7%
$332,929
$332.9K
Cap Rate 9%
$258,944
$258.9K
Market Conditions
NOI Build-Up for 2,669 SF
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.
Gross rent
$35.2K $13.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$33.3K $12.47/SF
− OpEx
−$10.0K −$3.74/SF
NOI
$23.3K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,100
Cap Rate 7%
$332,929
Cap Rate 9%
$258,944
Alternative Uses
Best Use
Multifamily LT 5
$332.9K
$291.3K – $388.4K
NOI $23,305 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$310.8K
$271.9K – $362.6K
NOI $21,755 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$735.7K
$643.8K – $858.4K
NOI $51,501 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes on two tax lots with shared driveway, including a 5-bedroom and a 2-bedroom residence.
Where is this duplex located?
The property is located at 20 Otsego Street Oneonta, NY.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: Two separate homes on two tax lots with shared driveway access; Front home: 5 bedrooms, 1 bath; cedar shake exterior; newer metal roof; Rear home: 2 bedrooms, 1 bath; vinyl siding; positioned behind the main house
