Two-Unit Duplex with Carriage
For Sale
$199,000
Pending
11 Fonda Ave, Oneonta, NY 13820
Two residential units with separate layouts and an additional carriage barn on the property.
Property Size1,988 SF
Days on Market51
Property Features for 11 Fonda Ave
General Information
Standard status
Pending
Size
1,988 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,624
Building Details
Building Size
1,988 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
BENSON AGENCY REAL ESTATE LLC
Listed By:
Michele L. Frazier · License #10401272246
(607) 435-8879
Source:
Elliman
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 1 at 6:13AM
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 BENSON AGENCY REAL ESTATE LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1900, contains two residential apartments with distinct floor plans. The first-floor unit offers three bedrooms, an eat-in kitchen, and a living room. Upstairs, the second apartment includes two bedrooms, a kitchen with built-in wall cabinetry, and a spacious living room. The property also includes a yard and an older carriage barn.
The carriage barn may offer additional residential potential, subject to proper city approvals. Located at 11 Fonda Ave in Oneonta, New York, the property has a Walk Score of 0 and a Bike Score of 48, indicating a car-dependent setting with some bicycle access.
The carriage barn may offer additional residential potential, subject to proper city approvals. Located at 11 Fonda Ave in Oneonta, New York, the property has a Walk Score of 0 and a Bike Score of 48, indicating a car-dependent setting with some bicycle access.
Key Highlights
- Two‑unit duplex with separate first- and second‑floor apartments
- First‑floor layout includes 3 bedrooms, eat‑in kitchen, and living room
- Second‑floor apartment provides 2 bedrooms, kitchen, and spacious living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,359
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,180
$347.2K
Cap Rate 7%
$247,986
$248.0K
Cap Rate 9%
$192,878
$192.9K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$26.2K $13.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$24.8K $12.47/SF
− OpEx
−$7.4K −$3.74/SF
NOI
$17.4K $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%
$347,180
Cap Rate 7%
$247,986
Cap Rate 9%
$192,878
Alternative Uses
Best Use
Multifamily LT 5
$248.0K
$217.0K – $289.3K
NOI $17,359 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$231.5K
$202.6K – $270.1K
NOI $16,204 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$548.0K
$479.5K – $639.3K
NOI $38,360 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with separate layouts and an additional carriage barn on the property.
Where is this duplex located?
The property is located at 11 Fonda Ave Oneonta, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex with separate first- and second‑floor apartments; First‑floor layout includes 3 bedrooms, eat‑in kitchen, and living room; Second‑floor apartment provides 2 bedrooms, kitchen, and spacious living room
