Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    406 S George Street Rome, NY 13440

    View on Map
    For Sale
    Under Contract
    $144,900

    MULTI_FAMILY - Other - Rome, NY

    Property size:
    2,080 SF
    Added:
    Jan 16, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 406 S George Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 5, Basement, Bedroom 1, Bedroom 3
    Parking features
    Garage
    Exterior features
    FullyFenced
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Standard status
    Active Under Contract
    APN
    242.056-0001-070
    Size
    2,080 SF

    Taxes and HOA fees

    TaxAnnualAmount
    3529

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Varies, Laminate, Tile
    Building materials
    VinylSiding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Alen Zekic

    Listing agent Alen Zekic License #10401267029

    Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY

    Listing date Jan 16, 2026

    MLS# S1658512

    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

    Rome, NY Two-Family Investment Property

    This well-maintained two-family investment property is located in the City of Rome. The first-floor apartment includes 4 bedrooms, a spacious living room, a formal dining room, an eat-in kitchen, and a full bathroom. The second-floor apartment features 3 bedrooms, a comfortable living room, a kitchen, and a full bathroom. The property has had major capital improvements, including a newer roof, siding, and windows. It also features a yard and a 3-car garage. The property is suitable for investors seeking an income-producing property or owner-occupants looking to offset expenses with rental income. The property size is 2080 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.465795
    Latitude
    43.209047

    Nearby Similar for Sale

    • $90,000
      2,500 SF

      Commercial Pole Barn in Rome

      2,500 sq ft commercial pole barn on half acre lot.
      312 S James Street, Rome, NY 13440
      View Details
    • $169,900
      2,028 SF

      Renovated Two-Family Home Opportunity

      Extensively renovated two-family home, move-in ready with income potential.
      115 Ridge Street, Rome, NY 13440
      View Details
    • $284,900
      2,870 SF

      Rome, NY Multifamily Property

      Multifamily property in Rome, NY with 2870 square feet.
      821 Floyd Avenue, Rome, NY 13440
      View Details
    • $379,900
      12,188 SF

      Turnkey Investment Property in Rome

      7-unit property with strong returns and long-term tenants.
      214 W Court Street, Rome, NY 13440
      View Details
    • $329,000
      5,280 SF

      Multifamily Property in Rome, NY

      Multifamily buildings suitable for investors in Rome, NY.
      601-603 N WASHINGTON, Rome, NY 13440
      View Details
    • $259,000
      3,181 SF

      Remodeled Income-Producing Three-Family Property

      Fully remodeled three-family property in Rome, NY, ready for occupancy.
      114 W Embargo, Rome, NY 13440
      View Details
    • $190,000
      3,094 SF

      Three-Unit Multifamily Investment Opportunity

      Three-unit multifamily property, ideal for investors. All units leased.
      126 Turin Street, Rome, NY 13440
      View Details
    • $179,900
      1,704 SF

      Updated Duplex with Separate Utilities

      Two-family duplex with updates, separate utilities, and investment potential.
      309-11 Sam Street, Rome, NY 13440
      View Details
    • $79,900
      2,336 SF

      Two-Family Home with Rental Potential

      Two-unit property with yard, garage, and convenient location.
      409 S James Street, Rome, NY 13440
      View Details
    • $190,000
      4,780 SF

      Multifamily Investment Opportunity in Rome

      Rooming house with eight rooms, generating income.
      207 W BLOOMFIELD, Rome, NY 13440
      View Details
    • $149,900
      3,004 SF

      Spacious Two-Unit Property in Rome

      Two-unit property with over 3000 sq ft and large backyard.
      315 Lawrence Street, Rome, NY 13440
      View Details
    • $119,900
      1,561 SF

      Two-Unit Multifamily on Triple Lot

      Two-unit multifamily property on a large lot with detached garage.
      709 S James Street, Rome, NY 13440
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family property with strong rental potential and separate utilities.
    Where is this duplex located?
    The property is located at 406 S George Street Rome, NY.
    What is the asking price?
    The asking price for this property is $144,900.
    What are key features of this property?
    This property features: Strong rental income potential in the City of Rome, ideal for investors or owner‑occupants.; Separate utilities for each unit, simplifying management and tenant billing.; **Rare 3‑car garage, adding significant value and tenant appeal.**
    (315) 570-0148
    We can help!
    Listing Contact
    Alen Zekic
    Real Estate License ID: 10401267029
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!