Updated Duplex with Separate
For Sale
$129,900
Pending
115 Furnace Ave, Oneida, NY 13421
Two residential units offer flexible owner-occupant and rental use with refreshed mechanical systems and outdoor spaces.
Property Size1,460 SF
Days on Market53
Property Features for 115 Furnace Ave
General Information
Standard status
Pending
Size
1,460 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,727
Amenities
private deck
covered front porch
side porch
concrete patio
partially fenced back yard
Building Details
Building Size
1,460 SF
Year Built
1900
Buildings
1
Stories
2
Units
2
Listed By:
Laurie Benedict
(315) 762-4032
Source:
Elliman
Added: Sep 13
Changed: Oct 26
Last Checked: Nov 3 at 7:20AM
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 Laurie Benedict
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Investment Insights
Based on property information with market context.
This two-unit residential property includes a lower-level apartment with two bedrooms, one bathroom, an eat-in kitchen, and access to a private deck. The upper apartment has one bedroom and may accommodate a second bedroom. Exterior features include a covered front porch, side porch, partially fenced rear yard, and concrete patio with electric service available.
Both units have separate furnaces, hot water heaters, electrical service, and gas service. Additional improvements include blown-in insulation and updated furnaces and hot water heaters. Built in 1900, the property is located at 115 Furnace Ave in Oneida, New York. Walk Score is 52 and Bike Score is 43, classified as Somewhat Walkable and Somewhat Bikeable, respectively.
Both units have separate furnaces, hot water heaters, electrical service, and gas service. Additional improvements include blown-in insulation and updated furnaces and hot water heaters. Built in 1900, the property is located at 115 Furnace Ave in Oneida, New York. Walk Score is 52 and Bike Score is 43, classified as Somewhat Walkable and Somewhat Bikeable, respectively.
Key Highlights
- Two‑unit duplex at 115 Furnace Ave, Oneida, NY 13421
- Lower unit includes 2 bedrooms, 1 bath, and an eat‑in kitchen
- Upper unit has 1 bedroom with potential for a second bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,791
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,820
$235.8K
Cap Rate 7%
$168,443
$168.4K
Cap Rate 9%
$131,011
$131.0K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$23.3K $15.96/SF
− Vacancy
−$1.9K −$1.28/SF
EGI
$21.4K $14.68/SF
− OpEx
−$9.6K −$6.61/SF
NOI
$11.8K $8.08/SF
Area
Madison County, NY
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,820
Cap Rate 7%
$168,443
Cap Rate 9%
$131,011
Alternative Uses
Best Use
Multifamily LT 5
$186.2K
$162.9K – $217.2K
NOI $13,032 @ 7.0% cap · market cap 10.03%
Second Best
Apartment 5plus
$168.4K
$147.4K – $196.5K
NOI $11,791 @ 7.0% cap · market cap 9.08%
Theoretical Best
Industrial
$490.3K
$429.0K – $572.1K
NOI $34,323 @ 7.0% cap · market cap 26.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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Business Placement
Demographics for 13421, NY
12,807
Population
5,953
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
90%
High-School Grad
40.1 sq mi
ZIP Area
319
Density / Sq Mi
$63,732
Median Household Income
$42,189
Median Earnings
$846
Median Rent
$147,800
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 units offer flexible owner-occupant and rental use with refreshed mechanical systems and outdoor spaces.
Where is this duplex located?
The property is located at 115 Furnace Ave Oneida, NY.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit duplex at 115 Furnace Ave, Oneida, NY 13421; Lower unit includes 2 bedrooms, 1 bath, and an eat‑in kitchen; Upper unit has 1 bedroom with potential for a second bedroom
