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    3776 Mcgraw Marathon Road McGraw, NY 13101

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    Claim this Listing
    Pending
    $149,900

    MULTI_FAMILY - Other - Mc Graw, NY

    Property size:
    1,761 SF
    Lot size:
    1.00 Acre
    Added:
    Jan 13, 2026
    Days on Market:
    106
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 3776 Mcgraw Marathon Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3
    Parking features
    Open, Garage
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    ElectricWaterHeater
    Standard status
    Pending
    APN
    112289-098-008-0001-007-100-0000
    Size
    1,761 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    3134

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Oil, Forced Air, Wood
    Water source
    Well

    Building Details

    Year built
    1870
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Carpet, Varies
    Building materials
    VinylSiding
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Nicole McRae

    Listing agent Nicole McRae License #10301223738

    Listing office Yaman Real Estate 185 Clinton Ave., Cortland, NY

    Listing date Jan 13, 2026

    MLS# S1657891 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.

    Overview

    McGraw Multifamily Property with Income Potential

    Located just outside the Village of McGraw, this property features a 2-bedroom, 1-bath home on a one-acre lot. The main living space is enhanced by a wood stove. The property includes a spacious yard with a pavilion suitable for entertaining and outdoor gatherings. Additionally, there is a 1-bedroom, 1-bath apartment above the garage, equipped with separate utilities. This apartment offers possibilities for a home office, guest space, in-law suite, or potential rental income. The property provides flexible living arrangements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Big Box & Wholesale Store Hair Salon Auto Parts Store Food Market Grocery & Convenience Store Bar & Pub Garden Center Electrical Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McGraw
    County
    Cortland
    State
    New York
    Longitude
    -76.08386
    Latitude
    42.588906

    Nearby Similar for Sale

    • $74,900
      2,208 SF

      Rehab Duplex with Income Potential

      Duplex in Mc Graw, NY, ideal for investment.
      35 Main Street, Mc Graw, NY 13101
      View Details
    • $129,000
      3,535 SF

      McGraw Village Triplex Investment Opportunity

      Three-unit property in McGraw, NY, with separate utilities and updates.
      25 North Street, Mc Graw, NY 13101
      View Details
    • $95,999
      1,372 SF

      Fully Rented Two-Family Unit

      Two-unit property in a quiet setting, ideal for owner-occupancy.
      26 1/2 W Center Street, Mc Graw, NY 13101
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property near McGraw, NY, with flexible living and income potential.
    Where is this duplex located?
    The property is located at 3776 Mcgraw Marathon Road McGraw, NY.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Separate 1‑bedroom, 1‑bath apartment above the garage with separate utilities offers income potential or flexible living space.; Spacious one‑acre lot provides ample outdoor space.; Pavilion in the yard is ideal for entertaining and outdoor gatherings.
    (607) 423-1507
    We can help!
    Listing Contact
    Nicole McRae
    Real Estate License ID: 10301223738
    Learn More
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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
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