Duplex with Attached
11 Depot St, Worcester, NY 12197
For Sale
Contact for pricing
A separate one-bedroom unit with its own utilities complements a substantially renovated main residence.
Property Size2,518 SF
Price / SF$110.80
Days on Market17
Property Features for 11 Depot St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
covered porch
fenced yard
laundry room
Building Details
Year Renovated
Buildings
Listing Agency:
The Holscher Group
Listed By:
Ben Holscher · License NY #10991242706
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 12 at 4:19AM
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 The Holscher Group
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Investment Insights
Based on property information with market context.
This 2,518-square-foot duplex was renovated in 2021, with updates to wiring, insulation, windows, interior finishes, lighting, kitchen, and bathrooms. The main residence has an open kitchen and living area, a first-floor laundry room, and a flexible room between the kitchen and attached two-car garage. A covered porch and fenced yard provide additional outdoor space. The west-side apartment has one bedroom and separate utilities.
The property is in Worcester on Route 7, with access to I-88 and drives to Oneonta, Cobleskill, and Cooperstown. The layout combines a renovated main residence with a distinct apartment and garage on one property.
The property is in Worcester on Route 7, with access to I-88 and drives to Oneonta, Cobleskill, and Cooperstown. The layout combines a renovated main residence with a distinct apartment and garage on one property.
Key Highlights
- 2,518 square feet; renovated in 2021
- Separate one‑bedroom apartment with its own utilities
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,987
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,740
$439.7K
Cap Rate 7%
$314,100
$314.1K
Cap Rate 9%
$244,300
$244.3K
Market Conditions
NOI Build-Up for 2,518 SF
Gross rent
$33.2K $13.20/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$31.4K $12.47/SF
− OpEx
−$9.4K −$3.74/SF
NOI
$22.0K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,740
Cap Rate 7%
$314,100
Cap Rate 9%
$244,300
Alternative Uses
Best Use
Multifamily LT 5
$314.1K
$274.8K – $366.5K
NOI $21,987 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,524 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$694.1K
$607.3K – $809.8K
NOI $48,587 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 12197, NY
2,176
Population
1,222
Households
1.8
Avg Household Size
46
Median Age
28%
College-Educated
95%
High-School Grad
65.2 sq mi
ZIP Area
33
Density / Sq Mi
$78,750
Median Household Income
$31,574
Median Earnings
$783
Median Rent
$163,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Otsego County, NY
Properties on Market for Duplexes in Otsego County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom unit with its own utilities complements a substantially renovated main residence.
Where is this duplex located?
The property is located at 11 Depot St Worcester, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,518 square feet; renovated in 2021; Separate one‑bedroom apartment with its own utilities; Attached two‑car garage
