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    341-343 Main St Oneonta, NY 13820

    Sponsored
    For Sale
    $900,000

    Multi-Unit, Victorian - Oneonta, NY

    Property size:
    7,560 SF
    Lot size:
    0.42 Acres
    Days on Market:
    40
    Last Refresh:
    Jan 22 at 2:06 pm

    Property Features for 341-343 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    6
    APN
    288.18-5-22.00
    Parking features
    Garage, Garage - Attached
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Refrigerator, Washer
    Size
    7,560 SF
    Lot size
    0.42 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas, Radiant, Steam
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Year renovated
    1920
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile, Vinyl
    Building materials
    Brick, Vinyl Siding
    Roof type
    Asphalt, Rubber
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Patricia Bensen-Ashley

    Ashley-Connor Realty (607) 547-4045 [email protected]

    Listing agent Patricia Bensen-Ashley (607) 547-4045

    Listing date Dec 14, 2025

    MLS# 11615245 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Oneonta Office Complex

    Located at the intersection of Main Street, Maple Street, and James Lettis Highway, this office complex offers visibility and accessibility with access to I-88, SUNY Oneonta and Hartwick College, and downtown services. Two Victorian buildings have been converted into office spaces, featuring off-street parking and a modern conference center. The property offers a configuration of approximately twenty-three office spaces with built-in storage and closets. 341 Main Street offers approximately thirteen offices, a full bath, and a half bath on the main floor, and a half bath on the second floor. 343 Main Street offers approximately ten offices, an elegant reception area with a grand staircase, an executive suite with a wood-burning fireplace, two half baths on the main floor, a full bathroom on the second floor, a shared break area, and a galley kitchen with pantry. An additional 600 SF office suite has an entry on Pine Street and from the rear parking lot. The buildings are connected by a state-of-the-art conference room with a lounge-style breakout area. On-site parking is available for thirteen cars with spaces off Pine Street and the shared driveway off Maple Street. Zoned for Gateway Mixed Use, the property supports residential, commercial, and public uses. This property is suitable for professional offices, consulting firms, tech companies, coworking and flexible workspace, adult home - assisted living, or corporate headquarters. The property has a lot size of 0.42 acres and a property size of 7560 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.057872
    Latitude
    42.457208

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    FAQs

    What type of property is this?
    Office building - Meticulously maintained Victorian office buildings with modern amenities and parking.
    Where is this office building located?
    The property is located at 341-343 Main St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of Main Street, Maple Street, and James Lettis Highway with exceptional visibility and accessibility, including quick access to I-88, SUNY Oneonta, and Hartwick College.; - Flexible configuration of approximately twenty-three office spaces across two meticulously maintained Victorian buildings.; - State-of-the-art conference room with lounge-style breakout area connecting the two buildings.
    (607) 547-4045
    Request Owner's contact information
    341-343 Main St Oneonta, NY 13820
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    Oneonta, NY 13820
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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
    341-343 Main St Oneonta, NY 13820
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    We can help!
    Listing Contact
    Patricia Bensen-Ashley
    (607) 547-4045
    Learn more
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