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    Utica Duplex with Tenant Occupancy

    748 Jay Street Utica, NY 13501

    Claim this Listing
    For Sale
    $169,900

    MULTI_FAMILY - Other - Utica, NY

    Property size:
    1,656 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $102.60/SF
    Added:
    Jan 27, 2026
    Days on Market:
    168
    Last Refresh:
    Jul 14 at 4:06 am

    Property Features for 748 Jay Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement
    Appliances
    ElectricWaterHeater, GasWaterHeater
    Standard status
    Active
    APN
    301600-319-053-0002-016-000-0000
    Size
    1,656 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2001

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Varies, Laminate, Tile
    Building materials
    VinylSiding
    Architectural style
    Other

    Listing agent Irma Rizvanovic License #10401390418

    Listing office Coldwell Banker Faith Properties 2811 Genesee St, Utica, NY

    Listing date Jan 27, 2026

    MLS# S1659798 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.

    Investment Insights

    Based on property information with market context.

    This duplex property, located in Utica, NY, features two apartments, each with two bedrooms. Laundry hook-ups are available within each apartment. The building has separate utilities for each unit. The property is currently fully tenant-occupied, presenting an opportunity for investors or owner-occupants looking to rent out one unit. Planned improvements include new basement windows and a new roof, both scheduled for installation in the summer of 2025. The lot size is 0.0482 acres, and the property size is 1656 square feet.

    Key Highlights

    • Duplex with two 2‑bedroom apartments (one per floor)
    • Separate utilities
    • Laundry hook‑ups available in the apartments

    Local 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 $22.9k $13.80
    − Vacancy −$1.4k −$0.86
    EGI $21.4k $12.94
    − OpEx −$6.4k −$3.88
    NOI $15.0k $9.06
    1,656 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $214.3K
    $187.5K – $250.0K (±1% cap)
    NOI $14,999 @ 7.0% cap · market cap 8.83%
    Second Best
    Apartment 5plus
    $196.9K
    $172.3K – $229.8K (±1% cap)
    NOI $13,786 @ 7.0% cap · market cap 8.11%
    Theoretical Best
    Office A
    $436.4K
    $381.8K – $509.1K (±1% cap)
    NOI $30,547 @ 7.0% cap · market cap 17.98%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Storage Facility Skin Care Clinic Acupuncture Veterinary Clinic Garden Center Tanning Salon Cosmetic Store Pet Store

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

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex in Utica, tenant-occupied, with separate utilities.
    Where is this duplex located?
    The property is located at 748 Jay Street Utica, NY.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Duplex with two 2‑bedroom apartments (one per floor); Separate utilities; Laundry hook‑ups available in the apartments
    Contact an agent
    (315) 534-6017
    We can help!
    Contact an agent
    Irma Rizvanovic
    Real Estate License ID: 10401390418
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