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Solid Duplex Investment Opportunity

1-3 Birch Oneonta, NY 13820

Claim this Listing
For Sale
$225,000

MULTI_FAMILY - Other - Oneonta, NY

Property size:
2,178 SF
Price / SF:
$103/SF
Added:
Mar 29, 2026
Days on Market:
104
Last Refresh:
Jul 10 at 8:06 pm

Property Features for 1-3 Birch

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5
Appliances
GasWaterHeater
Standard status
Active
APN
288.17-4-67
Size
2,178 SF

Taxes and HOA fees

Tax Annual Amount
2761

Utilities

Heating system
Natural Gas, Forced Air
Water source
Public

Building Details

Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate, Varies
Building materials
VinylSiding
Architectural style
Other

Listing agent Brandon Mosher License #10301224028

Listing office River Hills Properties LLC Lf 525 Albany St., barneveld, NY

Listing date Mar 29, 2026

MLS# S1669847 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.

Located in a desirable rental area of Oneonta, 1-3 Birch Street is a well-maintained two-family duplex. The property features one 3-bedroom unit and one 2-bedroom unit. Both units have separate utilities. The owner is responsible for water and sewer. The property generates a current annual NOI of $16,125. This property is part of a three-property package that must be sold together. The package includes: 14-16 Otsego Street - Two-family duplex with 6 bedrooms \/ 2 bathrooms total (two 3BR units), separate utilities, NOI: $17,800 and 34 Pine Street - Two-family duplex with one 3-bedroom and one 2-bedroom unit, separate utilities, plus additional garage rental income, NOI: $15,575. Total Portfolio NOI: $49,500. Offered at a 7.125% cap rate. There are 6 total units across 3 properties with separate utilities in all buildings. The property is located in a strong rental market with consistent tenant demand and additional income stream from garage rental at Pine Street. The versatile unit mix (3BR + 2BR) attracts a broad tenant base. The property allows for efficient management with tenant-paid utilities and stable cash flow with upside potential through rent growth. The property size is 2178 square feet.

Key Highlights

  • Two‑family duplex built in 1910 with one 3‑bedroom unit and one 2‑bedroom unit
  • Separate utilities for both units
  • Owner pays only water and sewer; water source is public

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 $28.7k $13.20
− Vacancy −$1.6k −$0.73
EGI $27.2k $12.47
− OpEx −$8.2k −$3.74
NOI $19.0k $8.73
2,178 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$271.7K
$237.7K – $317.0K (±1% cap)
NOI $19,018 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K (±1% cap)
NOI $17,753 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$600.4K
$525.3K – $700.5K (±1% cap)
NOI $42,027 @ 7.0% cap · market cap 18.68%
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

Electrical Service Bakery (Bike/Boat/Book/etc) Store Plumbing Service Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store

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

FAQs

What type of property is this?
Duplex - Well-maintained duplex in Oneonta with reliable income.
Where is this duplex located?
The property is located at 1-3 Birch Oneonta, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑family duplex built in 1910 with one 3‑bedroom unit and one 2‑bedroom unit; Separate utilities for both units; Owner pays only water and sewer; water source is public
Contact an agent
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