Updated Two-Story
For Sale
$267,000
5586 Trenton Road, Deerfield, NY 13502
Residential, Deerfield, NY
Property Size1,764 SF
Lot Size0.23 Acres
Price / SF$151.36
Days on Market13
Property Features for 5586 Trenton Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Patio and Porch features
Deck
Exterior features
Deck, Fence
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Corner Lot, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Whitesboro
Middle school district
Whitesboro
High school district
Whitesboro
Directions
from downtown Utica, North Genesee to Trenton Road-house on the right
Subdivision
Deerfield-303200
Standard status
Active
APN
303200-307-005-0006-002-000-0000
Size
1,764 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
3508
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
fenced backyard
deck
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Varies, Laminate, Hardwood
Building materials
WoodSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Faith Properties · Coldwell Banker Real Estate
(315) 735-2222
Listed By:
John C. Brown · License #10311200206
(315) 570-6640
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 29 at 12:06PM
MLS# S1707578
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-story duplex property offers 1,764 square feet of living space on a 0.2296-acre lot. The first floor includes two bedrooms, a dining area, living area, full bath, half bath, and a front-entry bonus room used as a home office. Upstairs are two additional bedrooms, a full bath, and a kitchen, creating the potential for an in-law apartment. Hardwood and laminate flooring are present, along with wood siding, forced-air natural gas heat, public water, and a shingle roof.
Recent improvements include a new side-entry deck, refrigerator, dishwasher, and front door, along with interior and exterior paint, a newer roof, hot water tank, and vinyl windows. The property also features a fenced backyard. Located on Trenton Road in Deerfield, it is minutes from downtown Utica, SUNY Poly, shopping, restaurants, and major routes, with Deerfield Elementary within walking distance.
Recent improvements include a new side-entry deck, refrigerator, dishwasher, and front door, along with interior and exterior paint, a newer roof, hot water tank, and vinyl windows. The property also features a fenced backyard. Located on Trenton Road in Deerfield, it is minutes from downtown Utica, SUNY Poly, shopping, restaurants, and major routes, with Deerfield Elementary within walking distance.
Key Highlights
- Duplex classification with 1,764 square feet of living space
- 0.2296‑acre lot with a fenced backyard and deck
- Four bedrooms and 2.5 baths across two stories
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
$15,977
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
5.98%
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%
$319,540
$319.5K
Cap Rate 7%
$228,243
$228.2K
Cap Rate 9%
$177,522
$177.5K
Market Conditions
NOI Build-Up for 1,764 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
$24.3K $13.80/SF
− Vacancy
−$1.5K −$0.86/SF
EGI
$22.8K $12.94/SF
− OpEx
−$6.8K −$3.88/SF
NOI
$16.0K $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%
$319,540
Cap Rate 7%
$228,243
Cap Rate 9%
$177,522
Alternative Uses
Best Use
Multifamily LT 5
$228.2K
$199.7K – $266.3K
NOI $15,977 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$209.8K
$183.6K – $244.8K
NOI $14,685 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$464.8K
$406.7K – $542.3K
NOI $32,539 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 13502, NY
33,990
Population
15,337
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
51.4 sq mi
ZIP Area
661
Density / Sq Mi
$59,530
Median Household Income
$36,927
Median Earnings
$965
Median Rent
$149,600
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-level layout includes a potential in-law apartment, fenced backyard, deck, and multiple recent improvements.
Where is this duplex located?
The property is located at 5586 Trenton Road Deerfield, NY.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: Duplex classification with 1,764 square feet of living space; 0.2296‑acre lot with a fenced backyard and deck; Four bedrooms and 2.5 baths across two stories
