121 3rd Street, Rome, NY 13440
- Added:
- Jun 24, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 25 at 5:06 pm
Property Features for 121 3rd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 12
- Rooms
- Bedroom 10, Bedroom 12, Basement, Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 11, Bedroom 2, Bedroom 1
- Parking features
- Garage
- Exterior features
- Awnings, BlacktopDriveway
- Appliances
- ElectricCooktop, GasWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 301301-242-068-0001-037-000-0000
- Size
- 21,501 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11937
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1877
- Floors in Building
- 2
- Number of units
- 22
- Flooring type
- Varies, Vinyl, Laminate, Carpet
- Building materials
- Brick, Frame
- Roof type
- Metal
Listing agent Anyssa Harris License #10311209871 (315) 335-3591
Listing office Shamrock Real Estate Inc 7113 E Dominick Street, Rome, NY (315) 335-3888
Listing date Jun 24, 2026
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.
HighLights
- 22‑unit multifamily property with 18 one‑bedroom, 2 two‑bedroom, and 2 three‑bedroom units
- Over 21,000 SF of residential space
- Nearly all apartments feature updated kitchens, bathrooms, flooring, and windows; brand new facade
- Year built 1877; brick and frame construction with metal roof
- Forced‑air natural gas heating; public water service
- Awnings and blacktop driveway; garage parking and electric cooktop, gas water heater, and refrigerator included
Overview
Located at 121 3rd Street in Rome, New York (Oneida County), this property is positioned for buyers seeking a larger-scale rental building. With the majority of major interior components already updated and the exterior improvements newly completed, the asset presents as a turnkey option relative to many older multifamily offerings.
From a tenant or operator fit perspective, the unit mix provides multiple household types, including one-, two-, and three-bedroom layouts. For investors, the combination of a 22-unit scale with widespread in-unit updates and a new exterior facade can reduce near-term capital priorities tied to those components. This is a property designed for those looking to acquire a substantial residential income building where significant improvements have already been addressed.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $348.3k | $16.20 |
| − Vacancy | −$22.9k | −$1.06 |
| EGI | $325.4k | $15.14 |
| − OpEx | −$146.4k | −$6.81 |
| NOI | $179.0k | $8.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Oneida
- State
- New York
- Longitude
- -75.447092
- Latitude
- 43.207922
