Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Utica Multifamily Investment Opportunity Title is generated by Realmo AI

    760 Elizabeth St, Utica, NY 13501

    View on Map
    Claim this Listing
    For Sale
    $169,900

    Two units, four bedrooms each, income potential, convenient location.

    Type:Multi Family
    Added:
    Apr 27, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 27 at 7:42 am

    Property Features for 760 Elizabeth St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    John P. McCann
    John P. McCann

    Listing agent John P. McCann License #10301211594

    Listing office Benn Realty LLC

    Listing date Apr 27, 2026

    Source Elliman

    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 Benn Realty LLC

    HighLights

    • Strong rental income potential with each unit currently generating $1,200/month.
    • Each unit features 4 bedrooms, appealing to larger households.
    • Value‑add potential with the possibility of adding a third unit (subject to municipal approvals).
    • Convenient location near downtown Utica, public transportation, schools, shopping, hospitals, and major employers.
    • Two residential units with separate living spaces, suitable for multifamily occupancy.
    • Located in a 'Very Walkable' area (Walk Score of 78) and 'Bikeable' area (Bike Score of 65).

    Overview

    This spacious 2-unit multifamily property is located on Elizabeth St in Utica, New York. Each unit features 4 bedrooms. Both units are currently occupied at $1,200 per month each. The layout and bedroom count may be attractive for participation in housing assistance programs, subject to buyer verification and approvals. There is potential for a third unit, subject to municipal approvals. The property is located near downtown Utica, public transportation, schools, shopping, hospitals, and major employers, in an area with steady rental demand. The property has separate living spaces and proximity to local amenities and services. The bike score is 65, indicating it is bikeable, and the walk score is 78, indicating it is very walkable. This property is suitable for investors or owner-occupants looking for a multi-unit property with income potential and future upside in the Utica market.
    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 Gym & Fitness Center Building Supply 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
    -75.2136984
    Latitude
    43.0956216

    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
    • $219,900
      3,340 SF

      Village Duplex with Cottage

      Two-unit duplex on a double lot with a recently updated cottage, plus detached garage and multiple driveways.
      2208 Caroline Street, Utica, NY 13502
      View Details
    • $249,000
      3,793 SF

      Updated Three-Family Investment Property

      Well-maintained three-family property with updates and separate utilities.
      1500 Conkling Avenue, Utica, NY 13501
      View Details
    • $289,900
      1,856 SF

      Well-Maintained Two-Family Property in Utica

      Spacious two-family property in East Utica with separate utilities.
      326 Tilden Avenue, Utica, NY 13501
      View Details
    • $649,000
      5,148 SF

      Brick 8-Unit Apartment Building

      Fully rented brick multifamily with a large parking area and a diversified mix of 1-, 2-, 3-bedroom and studio units.
      406 Rutger Street, Utica, NY 13501
      View Details
    • $160,000
      2,204 SF

      Utica Duplex with Income Potential

      Two-unit duplex with rental income potential and flexible financing.
      807 Mcvean Street, Utica, NY 13502
      View Details
    • $209,000
      2,332 SF

      1930 Two-Family Home with Storage

      Two separate 3-bedroom units with basement, attic, and off-street parking for straightforward owner-occupant or rental use.
      104 Elmwood Place, Utica, NY 13501
      View Details
    • $199,900
      1,966 SF

      Turnkey Two-Unit Multifamily

      Fully remodeled duplex with separate utilities, updated interiors, and one unit ready for immediate occupancy.
      508 Albany Street, Utica, NY 13501
      View Details
    • $550,000
      12,842 SF

      Mixed-Use Building in East Utica

      Mixed-use building with 14 apartments and commercial space for sale.
      1017 Bleecker Street, Utica, NY 13501
      View Details
    • $235,000
      2,907 SF

      Utica Multi-Use Property For Sale

      Versatile Utica property with commercial and residential potential.
      1317 Neilson Street, Utica, NY 13501
      View Details
    • $550,000
      12,842 SF

      Mixed-Use Building in East Utica

      Mixed-use building with 14 apartments and commercial space for sale.
      1017 Bleecker Street, Utica, NY 13501
      View Details
    • $144,900
      2,793 SF

      Two-Unit Property with Detached Garage

      Two-unit property with detached garage and separate entrances.
      1235 Hammond Avenue, Utica, NY 13501
      View Details

    FAQs

    What type of property is this?
    Duplex - Two units, four bedrooms each, income potential, convenient location.
    Where is this duplex located?
    The property is located at 760 Elizabeth St Utica, NY.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Strong rental income potential with each unit currently generating $1,200/month.; Each unit features **4 bedrooms**, appealing to larger households.; Value‑add potential with the possibility of adding a third unit (subject to municipal approvals).
    (315) 534-1925
    We can help!
    Listing Contact
    John P. McCann
    John P. McCann
    Real Estate License ID: 10301211594
    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

    Thank You for Inquiry
    760 Elizabeth St, Utica, NY 13501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!