Multi-Family Residential Income Property

36 Acre Place Kirkwood, NY 13904

Claim this Listing
For Sale
$455,000

MULTI_FAMILY - KIRKWOOD, NY

Property size:
2,856 SF
Lot size:
1.00 Acre
Price / SF:
$159/SF
Added:
May 11, 2026
Days on Market:
63
Last Refresh:
Jul 12 at 8:06 pm

Property Features for 36 Acre Place

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
5
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Basement, Bathroom 5, Bathroom 1
Parking features
Heated, Open, Garage
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, Forced Air, Radiant, Hot Water(Heating)
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

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.


Investment Insights

Based on property information with market context.

This property offers three units across two buildings on a single deed, consisting of an almost-new single-family house and a totally rebuilt, renovated 2-family. The owner’s residence includes a 2-car garage and a spacious living area on the second level. The garage level is oversized and designed to be converted into additional living space. The home features central air conditioning and concrete floors with radiant heat, along with a deep, fenced-in backyard, concrete patio, and landscaped yard elements including fruit trees, blueberries, and raspberries.

The renovated 2-family is located in the front building. The property also provides plenty of paved parking. Zoning is R2.

Convenient area access is noted to I-81 and Route 17, with the property described as being minutes from key destinations and employers in the Kirkwood area.

Key Highlights

  • 3 units in 2 buildings on one deed, including an almost‑new single‑family plus a totally rebuilt renovated 2‑family
  • 2010 construction with central air and multiple heating types including forced air, baseboard, radiant, and hot water (heating)
  • Owner residence includes a 2‑car garage and a spacious living area on the second level, with a garage level designed to be converted to additional living space

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 $39.4k $13.80
− Vacancy −$3.0k −$1.04
EGI $36.5k $12.77
− OpEx −$10.9k −$3.83
NOI $25.5k $8.94
2,856 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$364.6K
$319.0K – $425.3K (±1% cap)
NOI $25,520 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$339.9K
$297.4K – $396.6K (±1% cap)
NOI $23,793 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$708.5K
$620.0K – $826.6K (±1% cap)
NOI $49,598 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile 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 HVAC Service Hair Salon Parking Lot & Garage Dental Office Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility

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

FAQs

What type of property is this?
Multifamily property - Three units in two buildings on one deed, with central air, radiant heat, and paved parking.
Where is this multifamily property located?
The property is located at 36 Acre Place Kirkwood, NY.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 3 units in 2 buildings on one deed, including an almost‑new single‑family plus a totally rebuilt renovated 2‑family; 2010 construction with central air and multiple heating types including forced air, baseboard, radiant, and hot water (heating); Owner residence includes a 2‑car garage and a spacious living area on the second level, with a garage level designed to be converted to additional living space
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More about this property
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