Two-Unit Duplex with Carriage
For Sale
$199,000
Pending
11 Fonda Avenue, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size1,988 SF
Lot Size0.27 Acres
Days on Market47
Property Features for 11 Fonda Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Interior features
CeilingFans
Appliances
ElectricWaterHeater, OilWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Directions
Take River St from Main to Fonda. Left onto Fonda. Then house will be on your left.
Subdivision
Oneonta-City-361200
Standard status
Pending
APN
299.12-3-44
Size
1,988 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
3624
Utilities
Heating system
Baseboard, Oil
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Varies, Carpet, Laminate
Building materials
AluminumSiding, CompositeSiding
Roof type
Rubber, Membrane, Shingle
Architectural style
Other
Listing Agency:
Benson Agency Real Estate LLC
(607) 432-4391
Listed By:
Michele L. Frazier · License #10401272246
(607) 435-8879
Added: Sep 10
Changed: Oct 22
Last Checked: Oct 26 at 9:06PM
MLS# R1713778
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,988-square-foot duplex, built in 1900, contains two residential apartments with five bedrooms and two bathrooms overall. The first-floor residence includes three bedrooms, an eat-in kitchen, and a living room, while the upper apartment provides two bedrooms, a kitchen with built-in wall cabinets, and a living room. Interior finishes include carpet and laminate flooring, with baseboard heating powered by oil. Aluminum and composite siding complete the exterior.
The property occupies 0.27 acres and includes an older carriage barn in addition to the main dwelling. Any conversion of that structure into an additional residential unit would require proper city approvals. Public water serves the property, and the home also includes a basement, ceiling fans, and shingle, membrane, and rubber roofing components.
The property occupies 0.27 acres and includes an older carriage barn in addition to the main dwelling. Any conversion of that structure into an additional residential unit would require proper city approvals. Public water serves the property, and the home also includes a basement, ceiling fans, and shingle, membrane, and rubber roofing components.
Key Highlights
- Two‑unit duplex with 1,988 square feet of building area
- Five bedrooms and two bathrooms across the two apartments
- 0.27‑acre lot with an older carriage barn
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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential apartments offer distinct bedroom layouts, shared site improvements, and access to public water service.
Where is this duplex located?
The property is located at 11 Fonda Avenue 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 1,988 square feet of building area; Five bedrooms and two bathrooms across the two apartments; 0.27‑acre lot with an older carriage barn
