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Utica Multifamily Property for Sale

3 Hopper Street Utica, NY 13501

Claim this Listing
Pending
$395,000

MULTI_FAMILY - Other - Utica, NY

Property size:
4,224 SF
Added:
Sep 9, 2025
Days on Market:
309
Last Refresh:
Jul 14 at 5:06 am

Property Features for 3 Hopper Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Basement, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
Interior features
Attic
Appliances
GasWaterHeater
Standard status
Pending
APN
318.50-2-42
Size
4,224 SF

Taxes and HOA fees

Tax Annual Amount
4568

Utilities

Heating system
Natural Gas, Forced Air
Water source
Public

Building Details

Year built
1950
Floors in Building
3
Number of units
5
Flooring type
Tile, Varies, Laminate, Carpet, Hardwood
Building materials
Brick, CopperPlumbing, PexPlumbing
Roof type
Asphalt
Architectural style
Other

Listing agent Alen Zekic License #10401267029

Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY

Listing date Sep 9, 2025

MLS# S1636960 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.

This multifamily property is located in Utica, New York. The building has a total area of 4,224 square feet. The property is intended for use as an apartment building or residential income property.

Key Highlights

  • Year built: 1950
  • Heating: natural gas forced air
  • Construction includes brick with copper and PEX plumbing

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 $68.4k $16.20
− Vacancy −$4.5k −$1.06
EGI $63.9k $15.14
− OpEx −$28.8k −$6.81
NOI $35.2k $8.32
4,224 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$502.3K
$439.5K – $586.1K (±1% cap)
NOI $35,163 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$974.0K – $1.30M (±1% cap)
NOI $77,918 @ 7.0% cap · market cap 19.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cancilla Michael J Law Firm Murphy Law Office Law Firm Donald J. Murphy, ... Law Firm Joann Longo Realty Real Estate Agency

Suggested Use

Real Estate Agency Skin Care Clinic Storage Facility Spa & Massage Center Veterinary Clinic Garden Center Locksmith (Bike/Boat/Book/etc) Store Pet Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - Multifamily property in Utica, NY, totaling 4,224 square feet.
Where is this apartment building located?
The property is located at 3 Hopper Street Utica, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Year built: 1950; Heating: natural gas forced air; Construction includes brick with copper and PEX plumbing
Contact an agent
More about this property
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