Add Listing
    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

    318 Lansing St Utica, NY 13501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $220,000

    Charming multifamily home with investment potential and historic elegance.

    Lot size:
    0.14 Acres

    Property Features for 318 Lansing St

    General Information

    Standard status
    Pending
    Lot size
    0.14 Acres

    Building Details

    Year built
    1880

    We can help!

    Listing Contact
    Sandra Reilly
    Sandra Reilly
    Source: Elliman

    Listing Agent: Sandra Reilly

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

    Learn more

    Property Insight Report

    Overview

    Italianate Victorian Multifamily Home

    This Italianate Victorian multifamily home offers investment potential. The property includes two main apartments, each featuring 2 bedrooms, 1 bath, a living room, and an eat-in kitchen. A third townhouse-style unit with a private entrance includes 2 bedrooms, 1 bath, a living room, and an eat-in kitchen. The property features original hardwood floors. The walk-up attic provides access to a cupola with views of Utica's skyline. Ample off-street parking is available on the corner lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2270083
    Latitude
    43.0970055

    Nearby Similar for Sale

    • $899,900
      4,550 SF

      Commercial Property on Oriskany Street

      Prime commercial property in Utica, NY with high potential.
      1700 Oriskany St W, Utica, NY 13502
      View Details
    • $799,900
      5,950 SF

      Downtown Utica Mixed-Use Property

      Historic downtown Utica property with bar space and residential potential.
      226 Genesee St, Utica, NY 13502
      View Details
    • $949,900
      7,163 SF

      Turnkey Utica Bed & Breakfast

      Magnificent 7,200 sq ft Italianate manse with thriving business.
      1423 Genesee St, Utica, NY 13501
      View Details
    • New
      $395,000
      Pending

      Utica Commercial Property for Sale

      Commercial property available in Utica, New York, with 4,224 square feet.
      3 Hopper St, Utica, NY 13501
      View Details
    • $139,900
      1,619 SF

      Commercial Building in Utica, NY

      Commercial building suitable for auto repair and autobody shop.
      403 Bacon St, Utica, NY 13501
      View Details
    • $649,999
      Pending

      Commercial Property with Turnkey Restaurant

      Commercial property with a turnkey restaurant on 12.1 acres.
      2251 State Route 5, Utica, NY 13502
      View Details
    • New
      $179,000
      Pending

      Well-Maintained Two-Family Home in Utica

      Two-family home with rental or owner-occupied potential in Utica.
      125 Boyce Ave, Utica, NY 13501
      View Details
    • $379,900
      5,852 SF

      Utica Commercial Property with Parking

      Move-in ready office with apartment conversion potential and seller financing.
      1660 Champlin Ave, Utica, NY 13413
      View Details
    • $249,900
      2,236 SF

      Remodeled Utica Mixed-Use Property

      High-visibility, move-in-ready office/residential space in Utica, NY.
      44 Herkimer Rd, Utica, NY 13502
      View Details
    • New
      $395,000
      Pending

      Utica Multifamily Property for Sale

      Multifamily property in Utica, NY, totaling 4,224 square feet.
      3 Hopper St, Utica, NY 13501
      View Details
    • $170,000
      Pending

      Spacious Two-Family Home in Utica

      Large two-family home with great potential for owner-occupants/investors.
      1506 Oneida St, Utica, NY 13501
      View Details
    • $219,900
      2,610 SF

      Utica Multifamily Home For Sale

      Multifamily home with separate entrances, utilities, and driveways.
      1624 Seymour Ave, Utica, NY 13501
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming multifamily home with investment potential and historic elegance.
    Where is this duplex located?
    The property is located at 318 Lansing St Utica, NY.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Rare multifamily home with historic Italianate Victorian architecture.; - Three apartments offer rental income potential: Two with 2 bedrooms/1 bath, and a townhouse-style unit with private entrance and 2 bedrooms/1 bath.; - Original hardwood floors throughout the property.
    (315) 853-3535
    Request Owner's contact information
    318 Lansing St Utica, NY 13501
    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.
    318 Lansing St
    Utica, NY 13501
    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
    318 Lansing St Utica, NY 13501
    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
    Sandra Reilly
    Sandra Reilly
    (315) 853-3535 (315) 292-8044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!