Triplex with Two-Car
For Sale
$330,000
1007 Morris, Utica, NY 13501
Residential, Utica, NY
Property Size3,444 SF
Price / SF$95.82
Days on Market148
Property Features for 1007 Morris
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 9, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 6, Basement, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 1
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Flag Lot, Near Public Transit
Elementary school district
Utica
Middle school district
Utica
High school district
Utica
Subdivision
Utica-City-301600
Standard status
Active
APN
319.61-4-59
Size
3,444 SF
Taxes and HOA fees
Tax Annual Amount
4260
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1935
Floors in Building
3
Number of units
3
Flooring type
Carpet, Hardwood, Laminate, Varies, Tile
Building materials
VinylSiding, CopperPlumbing, PexPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice · Assist-2-Sell
(315) 735-9244
Listed By:
Alen Zekic · License #10401267029
(315) 570-0148
Added: May 11
Changed: Sep 29
Last Checked: Oct 5 at 2:06PM
MLS# S1680521
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.
This 1935 triplex in East Utica contains 3,444 square feet of living space across three 3-bedroom apartments. The units have separate utilities, and interior finishes include hardwood, tile, laminate, and carpet flooring. Natural-gas forced-air heating serves the property, which also includes a basement, public water, asphalt roofing, vinyl siding, and copper and PEX plumbing.
The property sits at 1007 Morris in Utica, NY, with ample parking, a fully fenced yard, and a newer-built 2-car garage. Its three-unit layout supports an owner-occupant arrangement or continued use as a residential income property, subject to applicable requirements.
The property sits at 1007 Morris in Utica, NY, with ample parking, a fully fenced yard, and a newer-built 2-car garage. Its three-unit layout supports an owner-occupant arrangement or continued use as a residential income property, subject to applicable requirements.
Key Highlights
- Three 3‑bedroom apartments in a 3‑unit property
- 3,444 square feet of living space
- Separate utilities for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,670
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,400
$573.4K
Cap Rate 7%
$409,571
$409.6K
Cap Rate 9%
$318,556
$318.6K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$55.8K $16.20/SF
− Vacancy
−$3.7K −$1.06/SF
EGI
$52.1K $15.14/SF
− OpEx
−$23.5K −$6.81/SF
NOI
$28.7K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,400
Cap Rate 7%
$409,571
Cap Rate 9%
$318,556
Alternative Uses
Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.9K
NOI $31,193 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$907.6K
$794.1K – $1.06M
NOI $63,529 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 13501, NY
40,885
Population
17,071
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
4,646
Density / Sq Mi
$49,771
Median Household Income
$33,632
Median Earnings
$865
Median Rent
$136,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Three apartments feature separate utilities, varied flooring, and natural-gas forced-air heating.
Where is this triplex located?
The property is located at 1007 Morris Utica, NY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three 3‑bedroom apartments in a 3‑unit property; 3,444 square feet of living space; Separate utilities for the apartments
