Renovated Duplex with Three-Car
For Sale
Under Contract
$264,900
625 Roosevelt Avenue, Rome, NY 13440
Residential, Rome, NY
Property Size2,552 SF
Lot Size0.49 Acres
Price / SF$103.80
Days on Market60
Property Features for 625 Roosevelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential Multi Use
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Garage
Patio and Porch features
Patio, Deck
Exterior features
Deck, Fence, Patio, PrivateYard
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Rome
Middle school district
Rome
High school district
Rome
Directions
Turn off E Garden St onto Roosevelt Ave, second house on right
Subdivision
Rome-Inside-301301
Standard status
Active Under Contract
APN
301301-242-044-0002-050-000-0000
Size
2,552 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Annual Amount
6626
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1945
Floors in Building
3
Number of units
2
Flooring type
Varies, Vinyl, Hardwood
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Faith Properties · Coldwell Banker Real Estate
(315) 735-2222
Listed By:
Alicia Collver · License #10301220677
(315) 794-2994
Added: Jul 1
Changed: Aug 25
Last Checked: Aug 29 at 11:06AM
MLS# S1695210
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 2,552-square-foot duplex, built in 1945, has undergone substantial interior and exterior updates. The property includes two-family classification along with three separate apartment-style living areas, while separate utilities serve the downstairs and upstairs units. Interior finishes include hardwood and vinyl flooring, with forced-air natural gas heating and a gas water heater. A fireplace, vinyl siding, asphalt roof, deck, patio, fencing, and private yard add to the physical improvements.
Set on 0.49 acres at 625 Roosevelt Avenue in Rome, the property provides a long private driveway, off-street parking, and a detached three-car garage. The garage offers additional enclosed space for storage or workshop use. Public water serves the property, and the fenced backyard provides an additional outdoor area.
Set on 0.49 acres at 625 Roosevelt Avenue in Rome, the property provides a long private driveway, off-street parking, and a detached three-car garage. The garage offers additional enclosed space for storage or workshop use. Public water serves the property, and the fenced backyard provides an additional outdoor area.
Key Highlights
- 2,552‑square‑foot duplex on 0.49 acres
- Three separate apartment‑style living areas within a property classified as a two‑family
- Separate utilities serve the downstairs and upstairs units
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
$23,114
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
8.73%
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%
$462,280
$462.3K
Cap Rate 7%
$330,200
$330.2K
Cap Rate 9%
$256,822
$256.8K
Market Conditions
NOI Build-Up for 2,552 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
$35.2K $13.80/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$33.0K $12.94/SF
− OpEx
−$9.9K −$3.88/SF
NOI
$23.1K $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%
$462,280
Cap Rate 7%
$330,200
Cap Rate 9%
$256,822
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,114 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$672.5K
$588.4K – $784.6K
NOI $47,075 @ 7.0% cap · market cap 17.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 13440, NY
41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
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 - Updated two-family property with separate utilities, private parking, and a detached garage.
Where is this duplex located?
The property is located at 625 Roosevelt Avenue Rome, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 2,552‑square‑foot duplex on 0.49 acres; Three separate apartment‑style living areas within a property classified as a two‑family; Separate utilities serve the downstairs and upstairs units
