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    The Largest CRE Database in the US with Over 1 Million Listings

    46 Church St Oneonta, NY 13820

    Sponsored
    For Sale
    Pending
    $317,514

    MULTI_FAMILY - Oneonta, NY

    Property size:
    3,768 SF
    Lot size:
    0.15 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 29 at 12:06 am

    Property Features for 46 Church St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 6, Bedroom 2, Basement, Bedroom 4, Bathroom 3, Bedroom 9, Bedroom 7, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 8, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 10, Bathroom 2
    Bedrooms
    10
    Bathrooms
    5
    APN
    288.17-5-26
    Parking features
    Paved or Surfaced
    Appliances
    GasWaterHeater
    Size
    3,768 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Carpet, Vinyl, Varies, Hardwood
    Building materials
    Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Christine Keto
    Christine Keto

    Oneonta Realty, LLC (607) 441-7312

    Listing agent Christine Keto (607) 441-7312 License #30KE1019431

    Listing date Jan 14, 2026

    MLS# R1642567 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Oneonta Three-Unit Apartment Building

    Located close to downtown and a bus route, this three-unit apartment building on Church Street contains a total of 10 bedrooms. Each apartment has separate utilities. Two apartments feature 4 bedrooms and 2 baths, with laundry in each unit. The upstairs apartment has 2 bedrooms and laundry. The apartments are spacious, with good-sized bedrooms and kitchens. The bathrooms have been updated. Currently, the apartments are rented for $1200, $1125, and $1100, generating a monthly income of $3425 and a yearly gross income of $41,100. There is potential for higher rents. Prior to 2020, this property was a successful college rental. The property includes off-street parking, a 3-car garage, and a front porch. The lot size is 0.15 acres and the property size is 3768 square feet. The seller will provide a current Certificate of Compliance with the city prior to closing. The property is located in Oneonta, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.06482
    Latitude
    42.457557

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    FAQs

    What type of property is this?
    Triplex - Three-unit apartment building near downtown with strong rental income.
    Where is this triplex located?
    The property is located at 46 Church St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $317,514.
    What are key features of this property?
    This property features: - High Income Potential: Currently generating $41,100 yearly gross income with rents that could be increased.; - Three Separate Units: Offers flexibility and potential for diverse rental strategies.; - Ten Bedrooms Total: Provides substantial rental capacity.
    (607) 287-8458
    Request Owner's contact information
    46 Church St Oneonta, NY 13820
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    Oneonta, NY 13820
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    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
    46 Church St Oneonta, NY 13820
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    We can help!
    Listing Contact
    Christine Keto
    Christine Keto
    Real Estate License ID: 30KE1019431
    (607) 287-8458
    Learn more
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