Two-Unit Duplex with
For Sale
$195,000
Pending
12 Valleyview Street, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size2,154 SF
Lot Size0.18 Acres
Days on Market100
Property Features for 12 Valleyview Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 4
Parking features
Garage
Appliances
GasWaterHeater
Subdivision
Reynolds Wilcox & Alger S
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Directions
Main St to 6th St to Valleyview St
Standard status
Pending
APN
361200-300-007-0001-007-000-0000
Size
2,154 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
4632
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
CompositeSiding
Architectural style
Other
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 431-2540
Listed By:
Joseph Triano · License #10401372052
(347) 751-4655
Added: Jun 4
Changed: Sep 11
Last Checked: Sep 11 at 6:06PM
MLS# R1685911
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.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 2,154 square feet across two apartments, each arranged with three bedrooms, one bathroom, a living room, and a dining area. Hardwood flooring is present, while the home also includes a basement, composite siding, natural gas forced-air heating, and a gas water heater. A two-car garage provides covered parking, and public water and sewer serve the property.
Separate electric and gas meters support independent apartment operations. One apartment is currently producing rental income, while the second offers additional residential space. Built in 1900, the property occupies 0.18 acres at 12 Valleyview Street in Oneonta, near downtown, schools, shopping, restaurants, and other local amenities.
Separate electric and gas meters support independent apartment operations. One apartment is currently producing rental income, while the second offers additional residential space. Built in 1900, the property occupies 0.18 acres at 12 Valleyview Street in Oneonta, near downtown, schools, shopping, restaurants, and other local amenities.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- 2,154 square feet on a 0.18‑acre lot
- Separate electric and gas meters for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,557
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,140
$351.1K
Cap Rate 7%
$250,814
$250.8K
Cap Rate 9%
$195,078
$195.1K
Market Conditions
NOI Build-Up for 2,154 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.6K $15.60/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$31.9K $14.82/SF
− OpEx
−$14.4K −$6.67/SF
NOI
$17.6K $8.15/SF
Area
Otsego County, NY
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,140
Cap Rate 7%
$250,814
Cap Rate 9%
$195,078
Alternative Uses
Best Use
Multifamily LT 5
$268.7K
$235.1K – $313.5K
NOI $18,808 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$250.8K
$219.5K – $292.6K
NOI $17,557 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$593.8K
$519.6K – $692.7K
NOI $41,564 @ 7.0% cap · market cap 21.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
436
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments with individual utility meters and a detached two-car garage support flexible occupancy arrangements.
Where is this duplex located?
The property is located at 12 Valleyview Street Oneonta, NY.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 2,154 square feet on a 0.18‑acre lot; Separate electric and gas meters for the two units
