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    433 James St Rome, NY 13440

    For Sale
    $299,900

    Six-unit apartment building plus storefront. High-traffic location.

    Property size:
    7,070 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment property at 433 S James St, Rome, NY, presents a unique blend of commercial and residential income streams. The 7,070 square foot building sits on a 0.24-acre lot and offers a thriving convenience store occupying the ground-floor storefront space. Above the commercial space are six well-maintained residential apartments, providing a diverse and stable rental income. The apartment mix includes three one-bedroom units, two two-bedroom units, and one four-bedroom unit, catering to a range of tenant needs. The property's prime location near all city amenities ensures high visibility and substantial foot and vehicle traffic, maximizing both commercial and residential occupancy rates. This translates to a strong potential for consistent cash flow and long-term appreciation. The building's size and layout offer significant flexibility for future expansion or renovation, allowing for further enhancement of rental income. This is an exceptional opportunity for investors seeking a diversified portfolio with immediate income generation and significant upside potential in a desirable location. The property is ready for immediate occupancy and offers a compelling return on investment. Don't miss this chance to acquire a well-established and profitable multifamily property in a thriving New York community.

    Property Features for 433 James St

    General Information

    Property type
    Residential income properties
    Square Feet
    7,070 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HLE ONE STOP ... Convenience Store JJ’S MINI MART ... Convenience Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.46226
    Latitude
    43.2061

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    FAQs

    What type of property is this?
    Residential income property - Six-unit apartment building plus storefront. High-traffic location.
    Where is this residential income property located?
    The property is located at 433 James St Rome, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    (315) 709-4355
    Request Owner's contact information
    433 James St Rome, NY 13440
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    Rome, NY 13440
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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
    433 James St Rome, NY 13440
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