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

    1230 Court Street Utica, NY 13502

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $175,000

    Six-unit apartment building in West Utica, sold as is.

    Type:Multi Family / Other
    Property size:
    3,520 SF
    Added:
    Nov 3, 2025
    Days on Market:
    165
    Last Refresh:
    Mar 13 at 9:56 am

    Property Features for 1230 Court Street

    General Information

    Standard status
    Active
    Size
    3,520 SF
    Property subtype
    Multi Family / Other

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Alen Zekic

    Listing agent Alen Zekic License #10401267029

    Listing office Assist2Sell Buyers & Sellers 1st Choice

    Listing date Nov 3, 2025

    Source Compass

    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 Assist2Sell Buyers & Sellers 1st Choice

    Overview

    West Utica Apartment Building

    This West Utica apartment building contains six units. The unit mix includes four two-bedroom apartments and two one-bedroom apartments. The property requires TLC and is being sold as is. The building has separated utilities. The property size is 3,520 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.2522267
    Latitude
    43.1067537

    Nearby Similar for Sale

    • $799,900
      5,950 SF

      Downtown Utica Mixed-Use Property

      Historic downtown Utica property with bar space and residential potential.
      226 Genesee Street, Utica, NY 13502
      View Details
    • $139,900
      1,619 SF

      Commercial Building in Utica, NY

      Commercial building suitable for auto repair and autobody shop.
      403 Bacon Street, Utica, NY 13501
      View Details
    • $214,900
      2,428 SF

      Well-Maintained Utica Two-Family Property

      Two-unit property in Upper South Utica with income potential.
      6 Meeker Avenue, Utica, NY 13502
      View Details
    • $169,900
      2,774 SF

      Utica Multifamily Property: Value-Add Potential

      Two units, four bedrooms each, income potential, convenient location.
      760 Elizabeth Street, Utica, NY 13501
      View Details
    • $224,900
      2,208 SF

      Income Producing Two-Family Home

      Two-family home with upgraded utilities and a two-car garage.
      1303 Mary Street, Utica, NY 13501
      View Details
    • $184,900
      2,632 SF

      Utica Multifamily Property for Sale

      Multifamily property in Utica, NY, with 2632 square feet.
      767 Blandina Street, Utica, NY 13501
      View Details
    • $149,000
      2,793 SF

      Two-Unit Property with Detached Garage

      Two-unit property with detached garage and separate entrances in Utica.
      1235 Hammond Avenue, Utica, NY 13501
      View Details
    • $199,900
      2,016 SF

      Well-Maintained Multi-Family Corner Lot

      Excellent investment opportunity with income potential in Utica, NY.
      1312 Butternut Street, Utica, NY 13502
      View Details
    • $899,900
      4,550 SF

      Commercial Property on Oriskany Street

      Prime commercial property in Utica, NY with high potential.
      1700 Oriskany Street W, Utica, NY 13502
      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 Road, Utica, NY 13502
      View Details
    • $160,000
      4,734 SF

      East Utica Apartment Building

      Six-unit apartment building in East Utica with recent upgrades.
      314 Nichols, Utica, NY 13501
      View Details
    • $230,000
      2,554 SF

      East Utica Two-Family Home

      Well-maintained two-family home with spacious apartments and separate utilities.
      1681 Seymour Avenue, Utica, NY 13501
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in West Utica, sold as is.
    Where is this apartment building located?
    The property is located at 1230 Court Street Utica, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Six‑unit apartment building featuring a mix of two‑bedroom and one‑bedroom apartments.; Separate utilities for each unit.; Heating system: Gas, Forced Air.
    (315) 735-9244
    We can help!
    Listing Contact
    Alen Zekic
    Real Estate License ID: 10401267029
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!