Six-Unit Multifamily
For Sale
$699,900
1-3 2-4 5-7 Mohawk Terrace, 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
Price / SF$158.06
Days on Market53
Property Features for 1-3 2-4 5-7 Mohawk Terrace
General Information
Standard status
Active
Size
4,428 SF
Property subtype
Multi-Family
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
Building Details
Year Built
1940
Buildings
3
Stories
1
Construction
ranch style
Listing Agency:
Century 21 Galloway Realty
Listed By:
Jeffrey Tonkin · License #30TO0955654
(315) 342-2111
Source:
Skinnercnyrealty
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 7 at 1:07PM
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 / Yr
$36,516
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 Terrace 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
