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Updated 22-Unit Multifamily Building
For Sale
$2,490,000

121 3rd Street Rome, Ny, NY 13440

A 22-unit multifamily property with a mix of one-, two-, and three-bedroom units and extensive in-unit updates.

Property Size21,501 SF
Price / SF$115.81
Days on Market48

Property Features for 121 3rd Street Rome

General Information

Standard status Active
Size 21,501 SF
Property subtype MultiFamily

Additional Details

Business Included Yes
Multifamily Units 22

Taxes and HOA fees

Annual Taxes $11,937

Building Details

Building Size 21,501 SF
Year Built 1877
Stories 2
Tenancy Multi
Listing Agency: Shamrock Real Estate Inc
Listed By: Caroline Shue · License #10311209871
Source: C21leahs
Added: Jul 12 Changed: Aug 18 Last Checked: Aug 28 at 6:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shamrock Real Estate Inc

Investment Insights

Based on property information with market context.

This updated 22-unit multifamily building offers a mix of 18 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units. Nearly all apartments feature updated kitchens, bathrooms, flooring, and windows, and the property has undergone extensive improvements throughout.

The building also includes a brand new facade, providing a refreshed exterior appearance.

With a unit mix that spans multiple household sizes and broad interior renovations already completed, the property is presented as a turnkey option for an investor seeking a larger residential income asset.

Key Highlights

  • 22‑unit multifamily building with 21,000+ SF of residential space
  • Unit mix includes 18 one‑bedroom, 2 two‑bedroom, and 2 three‑bedroom units
  • Extensive in‑unit updates: updated kitchens, bathrooms, flooring, and windows in nearly all apartments

Property Analytics

Current Use

Gordon Randall Perry ... IT Consulting Firm west 3rd gourmet ... Food Market M363 The Neighborhood School High School The STAR Academy - P.S.63 High School gordonperry.com (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Nursing Home Auto Parts Store Pet Grooming Service Adult Day Care Buffet Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

33,781
Businesses Nearby

Demographics for 13440, NY

41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A 22-unit multifamily property with a mix of one-, two-, and three-bedroom units and extensive in-unit updates.
Where is this apartment building located?
The property is located at 121 3rd Street Rome Ny, NY.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 22‑unit multifamily building with 21,000+ SF of residential space; Unit mix includes 18 one‑bedroom, 2 two‑bedroom, and 2 three‑bedroom units; Extensive in‑unit updates: updated kitchens, bathrooms, flooring, and windows in nearly all apartments
More about this property
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