1002 Park Avenue Utica, NY 13501
MULTI_FAMILY - Other - Utica, NY
- Added:
- May 4, 2026
- Days on Market:
- 71
- Last Refresh:
- Jul 13 at 11:06 pm
Property Features for 1002 Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 1, Basement, Bedroom 4
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 318.58-2-8
- Size
- 2,948 SF
Taxes and HOA fees
- Tax Annual Amount
- 2539
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Varies, Laminate
- Building materials
- VinylSiding
- Roof type
- Rubber, Membrane, Asphalt
- Architectural style
- Other
Listing agent Alen Zekic License #10401267029 (315) 570-0148
Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY (315) 735-9244
Listing date May 4, 2026
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 East Utica, the building is described as being just minutes from downtown as well as shopping, restaurants, and other local amenities. The combination of nearby daily needs and dedicated parking can be an attractive setup for residents looking for practical, low-friction living arrangements.
For investors, this is a turn-key opportunity with full occupancy and established income. The four-unit layout offers diversification across tenants, and the recent interior updates plus exterior improvements can help position the asset for continued cash flow. The property is also available as part of a broader package offering, presenting an option for buyers looking to expand a multifamily portfolio.
Key Highlights
- Fully rented 4‑unit apartment building in East Utica
- Unit mix: four 1‑bedroom apartments
- Recently updated 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 | $40.7k | $13.80 |
| − Vacancy | −$2.5k | −$0.86 |
| EGI | $38.1k | $12.94 |
| − OpEx | −$11.4k | −$3.88 |
| NOI | $26.7k | $9.06 |
