2-Unit Duplex with Basement Bonus
For Sale
$159,900
103 W Embargo Street, Rome, NY 13440
Both apartments are occupied, with two-bedroom, one-bath layouts and a partially finished basement bonus room.
Property Size1,682 SF
Price / SF$95.07
Days on Market51
Property Features for 103 W Embargo Street
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Multi Family Home
Occupancy
100%
Financials
Asking Price
$159,000
Cap Rate
14.87%
Gross Income
$27,600
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,055
Amenities
Ceiling Fan(s)
Building Details
Building Size
1,682 SF
Year Built
1900
Buildings
1
Stories
2
Units
2
Listing Agency:
Howard Hanna Real Estate
Listed By:
Jason Maddison · License #10401292999
(315) 622-2111
Source:
Deeprootedrealty
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 3:43AM
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 Howard Hanna Real Estate
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Investment Insights
Based on property information with market context.
This 1,682-square-foot duplex, built in 1900, contains two occupied apartments. Each has 2 bedrooms and 1 full bath. The lower apartment includes a partially finished bonus room in the basement, updated flooring, an oven, a refrigerator, and a hot water tank installed approximately 6 months ago. The upper apartment has an updated layout and a brand-new hot water tank.
The property is near downtown Rome, shopping, restaurants, and major routes, including Erie Boulevard.
The property is near downtown Rome, shopping, restaurants, and major routes, including Erie Boulevard.
Key Highlights
- Two occupied apartments, each with 2 bedrooms and 1 full bath
- 1,682 square feet; built in 1900
- Lower apartment includes a partially finished basement bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,002
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,040
$280.0K
Cap Rate 7%
$200,029
$200.0K
Cap Rate 9%
$155,578
$155.6K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$27.2K $16.20/SF
− Vacancy
−$1.8K −$1.06/SF
EGI
$25.5K $15.14/SF
− OpEx
−$11.5K −$6.81/SF
NOI
$14.0K $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%
$280,040
Cap Rate 7%
$200,029
Cap Rate 9%
$155,578
Alternative Uses
Best Use
Multifamily LT 5
$217.6K
$190.4K – $253.9K
NOI $15,234 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$200.0K
$175.0K – $233.4K
NOI $14,002 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,027 @ 7.0% cap · market cap 19.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 13440, NY
41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied, with two-bedroom, one-bath layouts and a partially finished basement bonus room.
Where is this duplex located?
The property is located at 103 W Embargo Street Rome, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two occupied apartments, each with 2 bedrooms and 1 full bath; 1,682 square feet; built in 1900; Lower apartment includes a partially finished basement bonus room
