1007 Morris Utica, NY 13501
Spacious three-family home in East Utica with strong rental potential.
- Added:
- May 11, 2026
- Days on Market:
- 65
- Last Refresh:
- Jul 2 at 6:20 am
Property Features for 1007 Morris
General Information
- Standard status
- Active
- Size
- 3,444 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing office Assist2Sell Buyer's & Seller's 1st Choice (315) 570-0148
Listing date May 11, 2026
Source Elliman
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 Assist2Sell Buyer's & Seller's 1st Choice
Investment Insights
Based on property information with market context.
Key Highlights
- Three spacious 3‑bedroom apartments offering 3,444 sq ft of living space.
- Ideal for owner‑occupants or investors seeking rental income.
- Separate utilities for each apartment.
Local Financial Insights For Apartment 5plus
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 | $55.8k | $16.20 |
| − Vacancy | −$3.7k | −$1.06 |
| EGI | $52.1k | $15.14 |
| − OpEx | −$23.5k | −$6.81 |
| NOI | $28.7k | $8.32 |
