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    619 Plant St Utica, NY 13502

    Sponsored
    For Sale
    $288,900

    Five-unit building, high rental income, turnkey investment.

    Property size:
    2,998 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional five-unit apartment building in Utica, NY, presents a compelling investment opportunity. Located at 619 Plant Street, Unit 5, this 2,998 square foot property sits on a 0.16-acre lot. The building currently houses five units, with a mix of one-bedroom/one-bathroom and three-bedroom/one-bathroom configurations, totaling seven bedrooms. Two units are vacant and ready for immediate occupancy. All tenants are on month-to-month leases and are compliant. Recent upgrades have enhanced the property's value and appeal. The building's location in a thriving neighborhood near a new Downtown Hospital is particularly attractive, given the increased demand for housing from hospital staff. The property's proximity to student housing and various amenities further strengthens its rental potential. Current market rent is nearly $6,000 per month, generating an estimated annual income of $70,000. Detailed operational expenses are available upon request for qualified buyers. This turnkey investment is ideal for house hackers or those interested in short-term rentals, offering the potential for significant cash-on-cash return and the possibility of living rent-free while generating passive income. A 48-hour notice is required for showings to accommodate current residents.

    Property Features for 619 Plant St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,998 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.24478
    Latitude
    43.09696

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit building, high rental income, turnkey investment.
    Where is this commercial real estate located?
    The property is located at 619 Plant St Utica, NY.
    What is the asking price?
    The asking price for this property is $288,900.
    (888) 276-0630
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    619 Plant St Utica, NY 13502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    619 Plant St Utica, NY 13502
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