38-40 Cliff Street, Oneonta, NY 13820
- Added:
- Jun 3, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 38-40 Cliff Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 10, Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 1
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 300.5-4-59.00
- Size
- 3,104 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5946
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Vinyl, Varies
- Building materials
- Frame, VinylSiding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Rodger B Moran License #30MO0797197 (607) 287-1559
Listing office Benson Agency Real Estate LLC One Grand Street, Oneonta, NY (607) 432-4391
Listing date Jun 3, 2026
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.
HighLights
- 4‑family home with 10 bedrooms total and 3,100 sqft living area
- Unit mix: two 3‑bedroom units and two 2‑bedroom units; each unit has a dishwasher
- Utilities are separate, with coin‑op laundry in the basement and multiple rear decks for tenant access
- Completely gutted in the 1990s with electrical, plumbing, and wiring completed at that time
- Roof type: shingle; heating: forced air with natural gas; exterior includes frame construction and vinyl siding
- 38‑40 Cliff St (MLS income/expense summary): $51,600 annual income, $16,171 total expenses, $35,429 NOI; one‑year leases in place
Overview
The building includes ample rear parking for tenants. The seller also notes the property may be purchased together with the home next door at 34–36 Cliff St, a separate four-family offering (MLS R1687927). The remarks further indicate proximity to downtown and city bus lines.
The unit mix and in-unit dishwashers make the property straightforward for everyday rental needs, while separate utilities can simplify billing for tenants. The listing states one-year leases are currently in place. For buyers evaluating current operations, the remarks include stated annual income of $51,600 and detailed expense totals, resulting in an NOI of $35,429, as well as a cited 12% return based on the provided figures and assumptions.
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 | $41.0k | $13.20 |
| − Vacancy | −$2.3k | −$0.73 |
| EGI | $38.7k | $12.47 |
| − OpEx | −$11.6k | −$3.74 |
| NOI | $27.1k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.067598
- Latitude
- 42.452493
