Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kirkwood Multifamily Investment Opportunity Title is generated by Realmo AI

    36 Acre Place, Kirkwood, NY 13904

    View on Map
    Claim this Listing
    New
    For Sale
    $470,000

    MULTI_FAMILY - KIRKWOOD, NY

    Property size:
    2,856 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $164/SF
    Added:
    May 11, 2026
    Days on Market:
    3
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 36 Acre Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Basement, Bathroom 3, Bathroom 4, Bedroom 3
    Parking features
    Garage, Open, Heated
    Patio and Porch features
    Patio, Porch
    Exterior features
    COVERED PATIO, COVERED PORCH, INSULATED WINDOWS, LANDSCAPED, OPEN PATIO, TREES
    Appliances
    DISHWASHER, RANGE/STOVE, REFRIGERATOR
    Standard status
    Active
    APN
    033400-162-005-0001-017-000-0000
    Size
    2,856 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Baseboard, Radiant, Hot Water(Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2010
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    John J. Burns Jr
    John J. Burns Jr

    Listing agent John J. Burns Jr

    Listing office KELLER WILLIAMS REALTY GREATER BINGHAMTON 49 Court Street Suite 300B Suite 300B, Binghamton, NY

    Listing date May 11, 2026

    MLS# 335845 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.

    HighLights

    • Three units on one deed: a single‑family house and a 2‑family, offering diverse opportunities.
    • Almost‑new construction (2010) with modern amenities.
    • Strong income potential from the renovated 2‑family unit.
    • Owner's residence features a 2‑car garage with potential for additional living space.
    • Radiant heat in concrete floors and central air conditioning.
    • Large, fenced backyard with fruit trees, berries, and landscaping.

    Overview

    Located in Kirkwood, NY, this property features three units in two buildings, all on a single deed. The property includes an almost-new single-family house and an updated two-family house. The single-family residence was built for owner-occupancy and includes a two-car garage. The garage level is oversized and designed to be converted into additional living space. The residence also features central air conditioning and concrete floors with radiant heat. The property has a deep, fenced-in backyard with fruit trees, blueberries, raspberries, and landscaping, as well as a concrete patio. The two-family house in the front has been rebuilt and renovated. There is ample paved parking available. The property is located within the Windsor school district and offers easy access to I-81 and 17. It is close to employers and golf courses. The lot size is one acre. The property has a total of 2,856 square feet. The zoning is R2. These modern apartments will generate strong income, making it a great investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Dental Office Hair Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Bar & Pub Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirkwood
    County
    Broome
    State
    New York
    Longitude
    -75.843587
    Latitude
    42.105406

    FAQs

    What type of property is this?
    Triplex - Three units in two buildings on one deed!
    Where is this triplex located?
    The property is located at 36 Acre Place Kirkwood, NY.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: Three units on one deed: a single‑family house and a 2‑family, offering diverse opportunities.; Almost‑new construction (2010) with modern amenities.; Strong income potential from the renovated 2‑family unit.
    (607) 725-2122
    We can help!
    Listing Contact
    John J. Burns Jr
    John J. Burns Jr
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    36 Acre Place, KIRKWOOD, NY 13904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!