Income-Producing Duplex with Garage
34 Pine Street, Oneonta, NY 13820
- Added:
- Mar 30, 2026
- Days on Market:
- 62
- Last Refresh:
- May 30 at 4:06 pm
Property Features for 34 Pine Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 7
- Parking features
- Garage
- Appliances
- WaterHeater
- Standard status
- Active
- APN
- 288.18-5-47
- Size
- 1,720 SF
Taxes and HOA fees
- Tax Annual Amount
- 2531
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies
- Building materials
- VinylSiding
Listing agent Brandon Mosher License #10301224028 (315) 868-4596
Listing office River Hills Properties LLC Lf 525 Albany St., barneveld, NY (315) 508-5268
Listing date Mar 30, 2026
MLS# S1669912
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
- Part of a three‑property portfolio sale with a total NOI of $49,500.
- Income‑producing duplex with rented garage for extra income.
- Separate utilities for each unit.
- Current annual NOI of $15,575 for 34 Pine Street.
- Desirable unit mix (3‑bedroom and 2‑bedroom).
- Located in a strong, consistent rental market.
Overview
Located in Oneonta, 34 Pine Street is an income-producing two-family duplex. The property features one 3-bedroom unit and one 2-bedroom unit. Each unit has separate utilities. The owner is responsible for water and sewer. In addition to residential income, the property includes a garage currently rented long-term for tool storage, creating supplemental income. The property generates a current annual NOI of $15,575. The property is 1720 square feet. 34 Pine Street is part of a three-property investment package that must be sold together: 14-16 Otsego Street - Two-family duplex with 6 bedrooms \/ 2 bathrooms (two 3BR units), separate utilities, NOI: $17,800 and 1-3 Birch Street - Two-family duplex with one 3-bedroom and one 2-bedroom unit, separate utilities, NOI: $16,125. The total portfolio NOI is $49,500, offered at a 7.125% cap rate with 6 total units across 3 properties. This property offers multiple income streams (residential + garage rental), a desirable unit mix appealing to a wide tenant base, and stable cash flow with potential for future rent increases.
Local Financial Insights For Multifamily LT 5
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 | $22.7k | $13.20 |
| − Vacancy | −$1.2k | −$0.73 |
| EGI | $21.5k | $12.47 |
| − OpEx | −$6.4k | −$3.74 |
| NOI | $15.0k | $8.73 |
1,720 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.6K
$187.7K – $250.3K
NOI $15,019 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$200.3K
$175.3K – $233.7K
NOI $14,020 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$474.1K
$414.9K – $553.2K
NOI $33,189 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.057205
- Latitude
- 42.459191
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family duplex with additional revenue stream from garage rental.
Where is this duplex located?
The property is located at 34 Pine Street Oneonta, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Part of a three‑property portfolio sale with a total NOI of $49,500.; Income‑producing duplex with rented garage for extra income.; Separate utilities for each unit.
