Income Producing Two-Family
1303 MARY ST Utica, NY 13501
1303 MARY ST, Utica, NY, 13501
$224,900
For Sale
$224,900
Two-family home with upgraded systems and a two-car garage.
Property Size2,208 SF
Price / SF$101.86
Days on Market165
Property Features for 1303 MARY ST
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency
(315) 735-2222
Listed by
Coldwell Banker Faith Properties
(315) 527-4024
Source
Xome
Added: Feb 2 Checked: Jul 16 at 6:33 am
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 Coldwell Banker Faith Properties
Investment Insights
Based on property information with market context.
This is an income-producing two-family home. Each unit features three bedrooms, one bathroom, and a formal dining room. The roof is 5 years old. Upgraded furnaces and water heaters were installed in 2025. Blown-in insulation has been added to both floors. The property includes a two-car garage and additional parking space. The property size is 2208 square feet.
Key Highlights
- Income‑producing 2‑family home.
- Each unit features 3 bedrooms, 1 bath, and a formal dining room.
- Upgraded furnaces and water heaters (installed in 2025).
Local Financial Insights For Multifamily LT 5
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 | $30.5k | $13.80 |
| − Vacancy | −$1.9k | −$0.86 |
| EGI | $28.6k | $12.94 |
| − OpEx | −$8.6k | −$3.88 |
| NOI | $20.0k | $9.06 |
2,208 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.7K
$250.0K – $333.3K
NOI $19,998 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$262.6K
$229.8K – $306.4K
NOI $18,381 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$581.9K
$509.1K – $678.8K
NOI $40,730 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with upgraded systems and a two-car garage.
Where is this duplex located?
The property is located at 1303 MARY ST Utica, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Income‑producing 2‑family home.; Each unit features **3 bedrooms, 1 bath, and a formal dining room.**; Upgraded furnaces and water heaters (installed in 2025).
