Creekside
New
For Sale
$525,000
55 Utica St, Clinton, NY 13323
Residential, Clinton, NY
Property Size2,746 SF
Lot Size0.88 Acres
Price / SF$191.19
Days on Market1
Property Features for 55 Utica St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 6, Bedroom 3, Bathroom 3, Bathroom 1, Basement, Bedroom 2
Patio and Porch features
Patio
Interior features
NaturalWoodwork
Exterior features
Patio, PrivateYard
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Clinton
Middle school district
Clinton
High school district
Clinton
Directions
Traveling north from the Village green on Utica St. the house will be on the left just past the creek.
Subdivision
Clinton-Village-304001
Standard status
Active
APN
304001-337-015-0002-054-000-0000
Size
2,746 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Annual Amount
6575
Utilities
Heating system
Electric (Heating), Natural Gas, Forced Air
Water source
Public
Amenities
washer and dryer
private outdoor area
covered porches
patio
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Varies, Tile, Laminate, Hardwood, Vinyl
Building materials
AluminumSiding, WoodSiding, CopperPlumbing, PexPlumbing
Roof type
Shingle
Listing Agency:
Berkshire Hathaway CNY Realty · Berkshire Hathaway HomeServices
Listed By:
Tacie Languein · License #10401376490
(315) 733-0463
Added: Sep 10
Last Checked: Sep 10 at 7:06PM
MLS# S1713092
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 1900-built quadplex contains 2746 square feet across three apartments in the main house and a separate rear unit. The unit mix includes two three-bedroom apartments with 1.5 baths and one one-bedroom apartment, with the fourth unit located in the rear building. Three of the four apartments were renovated within the past five years, including two with high-end finishes. Hardwood, laminate, vinyl, and tile flooring are present, and each unit has its own washer and dryer plus a private outdoor area. Covered porches, a patio, natural woodwork, public water, and a gas water heater add to the property’s physical features.
The 0.88-acre parcel sits alongside a creek at 55 Utica St in Clinton, NY. Hamilton College is minutes away, while Village shops, restaurants, and other amenities are within walking distance. The main house requires siding work, providing an identified exterior maintenance item for review.
The 0.88-acre parcel sits alongside a creek at 55 Utica St in Clinton, NY. Hamilton College is minutes away, while Village shops, restaurants, and other amenities are within walking distance. The main house requires siding work, providing an identified exterior maintenance item for review.
Key Highlights
- Four‑unit property with three apartments in the main house and a separate rear unit
- 0.88‑acre parcel alongside a creek at 55 Utica St, Clinton, NY 13323
- 2746 square feet with two three‑bedroom, 1.5‑bath apartments and one one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,420
$497.4K
Cap Rate 7%
$355,300
$355.3K
Cap Rate 9%
$276,344
$276.3K
Market Conditions
NOI Build-Up for 2,746 SF
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.
Gross rent
$37.9K $13.80/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$35.5K $12.94/SF
− OpEx
−$10.7K −$3.88/SF
NOI
$24.9K $9.06/SF
Area
Oneida County, NY
Vacancy
6.24%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,420
Cap Rate 7%
$355,300
Cap Rate 9%
$276,344
Alternative Uses
Best Use
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,871 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$723.6K
$633.2K – $844.2K
NOI $50,654 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 13323, NY
11,415
Population
4,664
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
38.9 sq mi
ZIP Area
293
Density / Sq Mi
$82,060
Median Household Income
$42,768
Median Earnings
$1,126
Median Rent
$231,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit layout with a separate rear unit, private outdoor areas, and individual laundry for every apartment.
Where is this quadplex located?
The property is located at 55 Utica St Clinton, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit property with three apartments in the main house and a separate rear unit; 0.88‑acre parcel alongside a creek at 55 Utica St, Clinton, NY 13323; 2746 square feet with two three‑bedroom, 1.5‑bath apartments and one one‑bedroom apartment
