406 Rutger Street Utica, NY 13501
MULTI_FAMILY - Utica, NY
- Added:
- May 4, 2026
- Days on Market:
- 72
- Last Refresh:
- Jul 14 at 5:06 am
Property Features for 406 Rutger Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bedroom 6, Bedroom 1
- Parking features
- Garage
- Exterior features
- BlacktopDriveway, Fence
- Fencing
- Fenced
- Appliances
- GasOven, GasRange, GasWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 318.67-2-8.1
- Size
- 5,148 SF
Taxes and HOA fees
- Tax Annual Amount
- 4207
Utilities
- Heating system
- Hot Water(Heating), Natural Gas, Steam
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile, Varies, Hardwood, Laminate
- Building materials
- Brick
- Roof type
- Asphalt, Membrane, Rubber
Listing agent Alen Zekic License #10401267029 (315) 570-0148
Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY (315) 735-9244
Listing date May 4, 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.
Investment Insights
Based on property information with market context.
Located in East Utica, the property is positioned close to downtown as well as everyday amenities such as shopping, restaurants, hospitals, schools, and other local services. The surrounding area helps support continued tenant demand, and the large parking area adds practicality for residents who rely on nearby access and convenient day-to-day logistics.
For buyers or investors, this asset offers a turnkey path to multi-family ownership with current rental income in place. The mix of studio through 3-bedroom units can appeal to a range of household types, which may help broaden tenant appeal across different market needs. Whether building a portfolio or adding to an existing strategy, this fully occupied brick building is a solid fit for those focused on steady, well-managed rental housing.
Key Highlights
- 8‑unit brick apartment building (one 3‑bed, one 2‑bed, four 1‑bed, and two studio apartments)
- Fully rented multi‑family property with a diverse unit mix
- Year built 1960 with multiple roof types listed: asphalt, membrane, and rubber
Local 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 | $83.4k | $16.20 |
| − Vacancy | −$5.5k | −$1.06 |
| EGI | $77.9k | $15.14 |
| − OpEx | −$35.1k | −$6.81 |
| NOI | $42.9k | $8.32 |
