Corner Lot Duplex With Updated
For Sale
Under Contract
$240,000
4-6 Eighth Street, Oneonta, NY 13820
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,581 SF
Lot Size0.08 Acres
Price / SF$92.99
Days on Market192
Property Features for 4-6 Eighth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 2
Interior features
CeilingFans
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Subdivision
Oneonta-City-361200
Standard status
Active Under Contract
APN
361200-300-007-0004-004-002-0000
Size
2,581 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4363
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies, Laminate
Building materials
AluminumSiding, Frame
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Benson Agency Real Estate LLC
(607) 432-4391
Listed By:
Mary Rab · License #30RA0875441
(607) 437-1694
Added: Jan 22
Changed: Jul 31
Last Checked: Aug 2 at 6:06PM
MLS# R1659214
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex is set on a corner lot and offers a straightforward owner-occupant or investor layout. Each apartment includes three bedrooms with separate heat and electric, and the property has ceiling fans and a natural gas forced-air heating system with a gas water heater. Flooring includes hardwood, laminate, and other varied materials, and the exterior is constructed with aluminum siding and frame construction. The roof is asphalt shingle.
Updates and compliance are highlighted by new windows throughout and a Certificate of Compliance provided. The duplex is located steps from Valleyview Elementary School, close to A.O. Fox Hospital, and near downtown.
The building has public water service and features a basement, and it currently has month-to-month tenants.
Updates and compliance are highlighted by new windows throughout and a Certificate of Compliance provided. The duplex is located steps from Valleyview Elementary School, close to A.O. Fox Hospital, and near downtown.
The building has public water service and features a basement, and it currently has month-to-month tenants.
Key Highlights
- Corner lot duplex
- Two apartments, each with three bedrooms and separate heat and electric
- New windows throughout
Financial Insights For Apartment 5plus
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 | $40.3k | $15.60 |
| − Vacancy | −$2.0k | −$0.78 |
| EGI | $38.3k | $14.82 |
| − OpEx | −$17.2k | −$6.67 |
| NOI | $21.0k | $8.15 |
2,581 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.0K
$281.7K – $375.6K
NOI $22,537 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$300.5K
$263.0K – $350.6K
NOI $21,038 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$711.5K
$622.5K – $830.1K
NOI $49,803 @ 7.0% cap · market cap 20.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex on a corner lot with separate heat and electric for each apartment and new windows throughout.
Where is this duplex located?
The property is located at 4-6 Eighth Street Oneonta, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Corner lot duplex; Two apartments, each with three bedrooms and separate heat and electric; New windows throughout
