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    197 Stafford Ave Waterville, NY 13480

    For Sale
    $259,900

    Three-family home with income potential in a convenient village location.

    Lot size:
    0.33 Acres

    Property Features for 197 Stafford Ave

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1870

    Source: Lemery Realty Agent Deborah A. Lemery

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

    Overview

    1870 Italianate Three-Family Home

    This 1870 Italianate three-family home offers architectural design and historical character. The flexible floor plan has served as a single-family residence, a doctor's office, and a three-family dwelling. Ample unused space is available for a potential fourth apartment. It can continue to serve as an income property, generating $31,800 yearly, with each unit having separate utilities. Ample parking is available, as well as a 2-car garage. Alternatively, it could be used as a single-family residence with a rental apartment or a home business. The second-floor apartment has been recently renovated, including flooring and paint. Situated in a convenient village location, it is a short drive from New Hartford and Utica and within walking distance of all village amenities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Accounting Firm Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Oneida
    State
    New York
    Longitude
    -75.37544
    Latitude
    42.933344

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    FAQs

    What type of property is this?
    Triplex - Three-family home with income potential in a convenient village location.
    Where is this triplex located?
    The property is located at 197 Stafford Ave Waterville, NY.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: - Lucrative income property generating $31,800 yearly with separate utilities for each unit.; - Flexible floor plan offering various possibilities: single family residence, income property, or home business.; - Potential for a fourth apartment with ample unused space.
    (315) 941-0470
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    Realmo Value Estimation

    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.

    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.

    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
    197 Stafford Ave Waterville, NY 13480
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