Two-Unit Residential Income
For Sale
$249,900
45 Grove Street, Oneonta, NY 13820
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,422 SF
Lot Size0.77 Acres
Price / SF$103.18
Days on Market12
Property Features for 45 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 7, Bedroom 4, Basement, Bathroom 2, Bathroom 5, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 1
Parking features
Garage, Paved or Surfaced
Patio and Porch features
Porch
Interior features
CeilingFans
Appliances
ElectricWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Subdivision
Oneonta-City-361200
Standard status
Active
APN
300.5-4-48
Size
2,422 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Annual Amount
5696
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Carpet, Varies, Vinyl, Tile
Building materials
Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Oneonta Realty, LLC
(607) 441-7312
Listed By:
Christine Keto · License #30KE1019431
(607) 287-8458
Added: Jul 20
Changed: Jul 31
Last Checked: Jul 31 at 3:06PM
MLS# R1700205
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 two-unit apartment building has a first-floor unit with four bedrooms and two bathrooms, an eat-in kitchen, and laundry in the unit. The upstairs unit includes three bedrooms and two bathrooms, with laundry in the unit as well. Both apartments have been updated over the past few years. Separate utilities serve each apartment, and the property also includes off-street parking.
The building is located near downtown, on a bus route, and close to colleges, providing convenient access to everyday destinations.
The property includes a nice front porch and is situated on a 0.77-acre lot.
The building is located near downtown, on a bus route, and close to colleges, providing convenient access to everyday destinations.
The property includes a nice front porch and is situated on a 0.77-acre lot.
Key Highlights
- Two‑unit apartment building with separate utilities for each apartment
- First‑floor unit features 4 bedrooms, 2 baths, eat‑in kitchen, and in‑unit laundry
- Upstairs unit features 3 bedrooms, 2 baths, and in‑unit laundry
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 | $32.0k | $13.20 |
| − Vacancy | −$1.8k | −$0.73 |
| EGI | $30.2k | $12.47 |
| − OpEx | −$9.1k | −$3.74 |
| NOI | $21.1k | $8.73 |
2,422 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.4K – $352.5K
NOI $21,148 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$282.0K
$246.8K – $329.0K
NOI $19,742 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$667.6K
$584.2K – $778.9K
NOI $46,735 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit apartment building with separate utilities and off-street parking for each unit.
Where is this duplex located?
The property is located at 45 Grove Street Oneonta, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit apartment building with separate utilities for each apartment; First‑floor unit features 4 bedrooms, 2 baths, eat‑in kitchen, and in‑unit laundry; Upstairs unit features 3 bedrooms, 2 baths, and in‑unit laundry
