East Utica Three-Family
1007 Morris, Utica, NY 13501
Spacious three-family home in East Utica with strong rental potential.
Type:Multi Family
Property size:
3,444 SFPrice / SF:
$95/SF- Added:
- May 11, 2026
- Days on Market:
- 20
- Last Refresh:
- May 11 at 6:57 pm
Property Features for 1007 Morris
General Information
- Standard status
- Active
- Size
- 3,444 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing agent Alen Zekic License #10401267029 (315) 570-0148
Listing office ASSIST2SELL BUYERS & SELLERS 1ST CHOICE (315) 570-0148
Listing date May 11, 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 ASSIST2SELL BUYERS & SELLERS 1ST CHOICE
HighLights
- Three spacious 3‑bedroom apartments offering 3,444 sq ft of living space.
- Ideal for owner‑occupants or investors seeking rental income.
- Separate utilities for each apartment.
- Newer‑built 2‑car garage.
- Ample parking and a nice‑sized backyard.
- Convenient East Utica location close to amenities, shopping, schools, and restaurants.
Overview
This East Utica property offers 3,444 square feet of living space and features three apartments, each with three bedrooms. The property is suitable as an investment or for owner-occupancy, allowing the owner to live in one unit while renting the others. Each apartment has separate utilities. Additional features include ample parking, a backyard of considerable size, and a newer-built two-car garage. The property is conveniently located near local amenities, shopping, schools, and restaurants. The location has a walk score of 48, indicating car-dependence, and a bike score of 42, indicating it is somewhat bikeable.
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 | $55.8k | $16.20 |
| − Vacancy | −$3.7k | −$1.06 |
| EGI | $52.1k | $15.14 |
| − OpEx | −$23.5k | −$6.81 |
| NOI | $28.7k | $8.32 |
3,444 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$907.6K
$794.1K – $1.06M
NOI $63,529 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Oneida
- State
- New York
- Longitude
- -75.2212531
- Latitude
- 43.0938832
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Spacious three-family home in East Utica with strong rental potential.
Where is this multifamily property located?
The property is located at 1007 Morris Utica, NY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three spacious 3‑bedroom apartments offering 3,444 sq ft of living space.; Ideal for owner‑occupants or investors seeking rental income.; Separate utilities for each apartment.
