Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    148 E 2Nd St Oswego, NY 13126

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $58,000

    Fire-damaged home with potential for restoration on a corner lot.

    Lot size:
    0.05 Acres

    Property Features for 148 E 2Nd St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1870

    We can help!

    Listing Contact
    Tammy K. Murphy
    Source: Elliman

    Listing Agent: Tammy K. Murphy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fire Damaged Home DIY Project

    This property presents a restoration opportunity following fire damage. The structure retains its original design elements and is situated on a corner lot, offering curb appeal. The property includes a new boiler and water service, along with sewer repairs. This could be a DIY project to restore this beautiful home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Oswego
    State
    New York
    Longitude
    -76.5054445
    Latitude
    43.455152

    Nearby Similar for Sale

    • $1,850,000
      6,579 SF

      Oswego Night Spot For Sale

      Premiere night spot in Oswego, NY, with expansion potential.
      51 W Bridge St, Oswego, NY 13126
      View Details
    • $140,000
      Pending

      Oswego Multifamily Near Lake Ontario

      Five-bedroom, two-bathroom home near downtown and waterfront, rented to students.
      43 W 3Rd St, Oswego, NY 13126
      View Details
    • $287,900

      Prime Commercial Spot in Oswego

      Commercial space with restaurant and apartments in downtown Oswego.
      18 W Bridge St, Oswego, NY 13126
      View Details
    • $750,000

      Downtown Oswego Office Building For Sale

      High-visibility office building in downtown Oswego, suitable for various uses.
      91 E 1St St, Oswego, NY 13126
      View Details
    • $170,000

      Four-Unit Multifamily Investment Property

      Fully rented four-unit property near college, shops, and restaurants.
      119 W Bridge St, Oswego, NY 13126
      View Details
    • $900,000
      19,040 SF

      Industrial Buildings on 27 Acres

      Two steel frame buildings totaling 19,040 SF on 27 acres.
      5646 Ny 104, Oswego, NY
      View Details
    • $115,000

      Oswego Mixed-Use Property For Sale

      Mixed-use property with commercial spaces and apartment in Oswego.
      174 E 7Th St, Oswego, NY 13126
      View Details
    • $625,000

      Established Auto Shop on Spacious Land

      Well-established auto shop on 3.61 acres in Oswego Town.
      21 Fred Haynes Blvd, Oswego, NY 13126
      View Details
    • $120,000

      Established Bar/Tavern on Six Acres

      Operating bar/tavern with kitchen and banquet area on almost 6 acres.
      271 Barker Rd, Oswego, NY 13126
      View Details
    • $250,000

      Four-Unit Apartment Building

      Four-unit apartment building with identical floor plans and separate utilities.
      63 E Utica St, Oswego, NY 13126
      View Details
    • $150,000

      Spacious Duplex Investment Opportunity

      Up and down duplex, excellent investment or owner-occupied opportunity.
      145 E 5Th St, Oswego, NY 13126
      View Details
    • $395,000

      Oswego Multifamily Investment Opportunity

      Multifamily property near Ontario Lake waterfront restaurants.
      53 E Seneca St, Oswego, NY 13126
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Fire-damaged home with potential for restoration on a corner lot.
    Where is this multifamily property located?
    The property is located at 148 E 2Nd St Oswego, NY.
    What is the asking price?
    The asking price for this property is $58,000.
    What are key features of this property?
    This property features: - New Boiler; - New Water Service; - Sewer Repair Completed
    (315) 342-5000
    Request Owner's contact information
    148 E 2Nd St Oswego, NY 13126
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    148 E 2Nd St
    Oswego, NY 13126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    148 E 2Nd St Oswego, NY 13126
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tammy K. Murphy
    (315) 342-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.