Six-Unit Multifamily
New
For Sale
$699,900
1-3 2-4 5-7 Mohawk Ter, Oswego, NY 13126
Three neighboring parcels offer leased apartments with basement storage, parking, and updated interiors near Oswego’s primary shopping district.
Property Size4,428 SF
Days on Market2
Property Features for 1-3 2-4 5-7 Mohawk Ter
General Information
Standard status
Active
Size
4,428 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA, 1 x 3BR/1BA, 1 x 3BR/1.5BA, 1 x 3/4BR/2BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$9,945
Building Details
Building Size
4,428 SF
Year Built
1940
Buildings
3
Stories
1
Units
6
Construction
ranch style
Listing Agency:
Century 21 Galloway Realty
(315) 342-2111
Listed By:
Jeffrey Tonkin · License #30TO0955654
(315) 342-2111
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Galloway Realty
Investment Insights
Based on property information with market context.
This multifamily offering comprises three neighboring parcels with six one-story apartments arranged in ranch-style duplex buildings. Each building includes a full basement, and the property provides off-street parking. Recent updates have been completed across the residences. The unit mix includes three two-bedroom, one-bath apartments; one three-bedroom, one-bath apartment; one three-bedroom, one-and-a-half-bath apartment; and one three- or four-bedroom, two-bath apartment. All six units are currently leased.
The properties are located at 1-3, 2-4, and 5-7 Mohawk Ter in Oswego, NY. The setting is described as a quiet neighborhood near Oswego’s primary shopping district. The buildings were constructed in 1940, with a car-dependent Walk Score of 24 and a Somewhat Bikeable BikeScore of 33.
The properties are located at 1-3, 2-4, and 5-7 Mohawk Ter in Oswego, NY. The setting is described as a quiet neighborhood near Oswego’s primary shopping district. The buildings were constructed in 1940, with a car-dependent Walk Score of 24 and a Somewhat Bikeable BikeScore of 33.
Key Highlights
- Three neighboring parcels with six one‑story apartments
- All six apartments are currently leased
- Unit mix includes three 2‑bedroom apartments and three larger 3‑bedroom or 3/4‑bedroom 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
$36,516
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
5.22%
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%
$730,320
$730.3K
Cap Rate 7%
$521,657
$521.7K
Cap Rate 9%
$405,733
$405.7K
Market Conditions
NOI Build-Up for 4,428 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
$55.8K $12.60/SF
− Vacancy
−$3.6K −$0.82/SF
EGI
$52.2K $11.78/SF
− OpEx
−$15.6K −$3.53/SF
NOI
$36.5K $8.25/SF
Area
Oswego County, NY
Vacancy
6.50%
Lease Rate
$12.60 /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%
$730,320
Cap Rate 7%
$521,657
Cap Rate 9%
$405,733
Alternative Uses
Best Use
Multifamily LT 5
$521.7K
$456.5K – $608.6K
NOI $36,516 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$485.3K
$424.6K – $566.2K
NOI $33,969 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$883.2K
$772.8K – $1.03M
NOI $61,825 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
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?
Multifamily property - Three neighboring parcels offer leased apartments with basement storage, parking, and updated interiors near Oswego’s primary shopping district.
Where is this multifamily property located?
The property is located at 1-3 2-4 5-7 Mohawk Ter Oswego, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three neighboring parcels with six one‑story apartments; All six apartments are currently leased; Unit mix includes three 2‑bedroom apartments and three larger 3‑bedroom or 3/4‑bedroom units
