Four-Family Residential
38-40 Cliff St Oneonta, NY 13820
38-40 Cliff St, Oneonta, NY, 13820
$375,000
Pending
For Sale
$375,000
Pending
COMMERCIAL - Oneonta, NY
Property Size3,100 SF
Lot Size0.16 Acres
Days on Market44
Property Features for 38-40 Cliff St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
- Standard status
- Pending
- APN
- 361200-300.005-0004-059.000
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5946
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
BENSON AGENCY REAL ESTATE LLC
(607) 432-4391
1 GRAND ST, ONEONTA, NY
Listed by
Rodger B Moran · License #30MO0797197
(607) 432-4391
Added: Jun 5 Checked: Jul 18 at 12:06 pm
MLS# 11801791
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.
Investment Insights
Based on property information with market context.
This well-maintained four-family home offers 10 bedrooms across two 3-bedroom units and two 2-bedroom units. A spacious enclosed front entry porch serves all tenants. Exterior features include a rear 2nd-floor deck for the two second-floor tenants and separate rear entry decks for each of the first-floor units. Each unit is equipped with a dishwasher, and coin-op laundry is available in the basement. The home was completely gutted in the 1990s, with electrical, plumbing, and wiring completed at that time, and utilities are separate between units. There is ample rear parking area for tenants.
The property is located in Oneonta, New York, just minutes to downtown and city bus lines, supporting everyday tenant access. The listing notes the asset may also be purchased together with the neighboring four-family at 34-36 Cliff St (MLS R1687927).
From an occupancy standpoint, the home is currently described as having one-year leases in place. The configuration of two larger and two smaller units can appeal to tenants seeking different bedroom counts within the same building. A full review of the provided income and expense details is available for qualified buyers who want to assess performance based on the figures included in the listing materials.
The property is located in Oneonta, New York, just minutes to downtown and city bus lines, supporting everyday tenant access. The listing notes the asset may also be purchased together with the neighboring four-family at 34-36 Cliff St (MLS R1687927).
From an occupancy standpoint, the home is currently described as having one-year leases in place. The configuration of two larger and two smaller units can appeal to tenants seeking different bedroom counts within the same building. A full review of the provided income and expense details is available for qualified buyers who want to assess performance based on the figures included in the listing materials.
Key Highlights
- 10‑bedroom, 4‑family home with 2×3‑bedroom and 2×2‑bedroom units
- 3,100 SF home with enclosed front entry porch and multiple tenant decks/entries
- Separate utilities for each unit plus ample rear parking area for tenants
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 | $40.9k | $13.20 |
| − Vacancy | −$2.3k | −$0.73 |
| EGI | $38.7k | $12.47 |
| − OpEx | −$11.6k | −$3.74 |
| NOI | $27.1k | $8.73 |
3,100 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.7K
$338.4K – $451.2K
NOI $27,069 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$361.0K
$315.9K – $421.1K
NOI $25,268 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$854.5K
$747.7K – $997.0K
NOI $59,818 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained 10-bedroom quadplex with separate utilities and multiple decks, plus coin-op laundry and ample rear tenant parking.
Where is this quadplex located?
The property is located at 38-40 Cliff St Oneonta, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 10‑bedroom, 4‑family home with 2×3‑bedroom and 2×2‑bedroom units; 3,100 SF home with enclosed front entry porch and multiple tenant decks/entries; Separate utilities for each unit plus ample rear parking area for tenants
