Duplex with Detached
For Sale
$239,500
124 W Grove St, Oneida, NY 13421
Two units provide distinct layouts, hardwood flooring, and private porch areas.
Property Size2,514 SF
Days on Market8
Property Features for 124 W Grove St
General Information
Standard status
Active
Size
2,514 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,325
Building Details
Building Size
2,514 SF
Year Built
1876
Stories
2
Units
2
Listing Agency:
Kay Real Estate
Listed By:
Jayne Wentworth · License #31WE0778117
(315) 363-9191
Source:
Elliman
Added: Oct 28
Last Checked: Nov 3 at 7:12AM
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 Kay Real Estate
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Investment Insights
Based on property information with market context.
Built in 1876, this two-unit residential property occupies a 0.24-acre corner parcel in Oneida. The first-floor residence has three bedrooms, a full bath, central air, hardwood flooring, a three-season porch, and a kitchen with oak cabinetry and appliances. Its foyer, walk-in closet, dining room, pantry, and living room with a decorative fireplace round out the layout. The upper unit includes two bedrooms, a full bath, hardwood floors in the living and dining rooms, a kitchen with oak cabinetry and appliances, and a balcony porch. A decorative fireplace is also in its living room.
Additional space includes a full walk-up attic and a full basement. A detached two-car garage has a second floor.
Additional space includes a full walk-up attic and a full basement. A detached two-car garage has a second floor.
Key Highlights
- Two‑unit property on a 0.24‑acre corner lot
- First‑floor unit has 3 bedrooms, 1 full bath, and central air
- Upper unit includes 2 bedrooms, 1 full bath, and a balcony porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,302
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,040
$406.0K
Cap Rate 7%
$290,029
$290.0K
Cap Rate 9%
$225,578
$225.6K
Market Conditions
NOI Build-Up for 2,514 SF
Gross rent
$40.1K $15.96/SF
− Vacancy
−$3.2K −$1.28/SF
EGI
$36.9K $14.68/SF
− OpEx
−$16.6K −$6.61/SF
NOI
$20.3K $8.08/SF
Area
Madison County, NY
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,040
Cap Rate 7%
$290,029
Cap Rate 9%
$225,578
Alternative Uses
Best Use
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,440 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$290.0K
$253.8K – $338.4K
NOI $20,302 @ 7.0% cap · market cap 8.48%
Theoretical Best
Industrial
$844.3K
$738.8K – $985.0K
NOI $59,102 @ 7.0% cap · market cap 24.68%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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Business Placement
Demographics for 13421, NY
12,807
Population
5,953
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
90%
High-School Grad
40.1 sq mi
ZIP Area
319
Density / Sq Mi
$63,732
Median Household Income
$42,189
Median Earnings
$846
Median Rent
$147,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two units provide distinct layouts, hardwood flooring, and private porch areas.
Where is this duplex located?
The property is located at 124 W Grove St Oneida, NY.
What is the asking price?
The asking price for this property is $239,500.
What are key features of this property?
This property features: Two‑unit property on a 0.24‑acre corner lot; First‑floor unit has 3 bedrooms, 1 full bath, and central air; Upper unit includes 2 bedrooms, 1 full bath, and a balcony porch
