Vestal Ranch Style Two-Unit
312 Midland Road Vestal, NY 13850
312 Midland Road, Vestal, NY, 13850
$155,000
Pending
For Sale
$155,000
Pending
MULTI_FAMILY - VESTAL, NY
Property Size1,612 SF
Lot Size0.40 Acres
Days on Market206
Property Features for 312 Midland Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 220
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Basement
- Parking features
- Garage
- Patio and Porch features
- Porch
- Exterior features
- COVERED PORCH
- Appliances
- DRYER, RANGE/STOVE, REFRIGERATOR, WASHER
- Standard status
- Pending
- APN
- 034800-172-078-0002-011-000-0000
- Size
- 1,612 SF
- Lot size
- 0.40 Acres
Utilities
- Heating system
- Radiant, Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Aluminum
- Architectural style
- Other
Listing Agency
JESSICA DILLENBECK REAL ESTATE LLC
(607) 343-8486
1641 State Route 12, Binghamton, NY
Listed by
Jessica L. Dillenbeck
(607) 343-8486
Added: Dec 22, 2025 Checked: Jul 16 at 4:06 pm
MLS# 334114
Listing URL
Copyright © 2026 Greater Binghamton Association of Realtor. 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.
Located in Vestal, NY, this ranch-style home is configured as a two-unit dwelling on a lot that is just under one-half acre. The property includes a fenced lawn and a detached garage. The home could be used as a single-unit residence. The main house is equipped with forced hot air heat, while the second unit has electric heat. Replacement windows have been installed, and new carpet has been added. Hardwood floors are present. The property offers one level of living, with a walk-up attic that could be used as bonus space or for storage. Both kitchens have a large number of cabinets. The full baths are modern and updated. The main unit has laundry in the kitchen, and the second unit has laundry hookups in the full bath. Both units have access to the level back lawn. The property is coded as a two-unit dwelling and has a zoning code of 220. The property size is 1,612 square feet.
Key Highlights
- 2‑unit ranch‑style home offering 3 bedrooms and 2 full baths (currently coded as two unit dwelling).
- Just under 1/2 acre lot with fenced lawn, plus detached garage and level back lawn access for both units.
- Replacement windows newly installed, hardwood floors, and new carpet.
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 | $26.1k | $16.20 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $24.4k | $15.15 |
| − OpEx | −$11.0k | −$6.82 |
| NOI | $13.4k | $8.33 |
1,612 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.8K
$180.1K – $240.1K
NOI $14,404 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$191.8K
$167.9K – $223.8K
NOI $13,429 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$399.9K
$349.9K – $466.6K
NOI $27,995 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit ranch home in Vestal, NY, with detached garage.
Where is this duplex located?
The property is located at 312 Midland Road Vestal, NY.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 2‑unit ranch‑style home offering 3 bedrooms and 2 full baths (currently coded as two unit dwelling).; Just under 1/2 acre lot with fenced lawn, plus detached garage and level back lawn access for both units.; Replacement windows newly installed, hardwood floors, and new carpet.
