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    7 Spring St Oneonta, NY 13820

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    For Sale
    $250,000

    Three units offering investment, rental income, or multigenerational living.

    Lot size:
    0.14 Acres

    Property Features for 7 Spring St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Timberland Properties Agent Leah Long

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

    Overview

    Triplex with Investment Potential

    This property features two homes with a total of three units, presenting opportunities for investment, rental income, or multigenerational living. The main house, located at 7 Spring Street, contains two apartments. The first floor unit is a 3-bedroom, 1-bath apartment with laundry. The upstairs unit includes 2 bedrooms (potentially 3) and 1 bath, also with laundry. Behind the main house, at 9 Spring Street, is a separate cottage with 2 bedrooms, 1 bath, and flexible living space. Each unit has its own porch. The property provides both off-street and on-street parking. The property is located within walking distance to downtown, amenities, and the bus stop. The property can be used to live in one unit and rent the others, rent all three units, or create a setup for extended family.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.0683899
    Latitude
    42.4537168

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    FAQs

    What type of property is this?
    Multifamily property - Three units offering investment, rental income, or multigenerational living.
    Where is this multifamily property located?
    The property is located at 7 Spring St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Three Units Total: Main house with two apartments and a separate cottage.; - Investment/Rental Income Potential: Rent all three units for maximum return.; - Multigenerational Living: Perfect for extended family seeking independent living spaces.
    (607) 437-2771
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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
    7 Spring St Oneonta, NY 13820
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