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Income Producing Two-Family Home

1303 Mary Street Utica, NY 13501

Claim this Listing
For Sale
Under Contract
$224,900

MULTI_FAMILY - Other - Utica, NY

Property size:
2,208 SF
Lot size:
0.09 Acres
Price / SF:
$101.86/SF
Added:
Apr 14, 2026
Days on Market:
92
Last Refresh:
Jul 14 at 12:06 am

Property Features for 1303 Mary Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4
Appliances
GasWaterHeater
Standard status
Active Under Contract
APN
301600-319-071-0001-044-000-0000
Size
2,208 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Annual Amount
3261

Utilities

Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Hardwood, Carpet
Building materials
VinylSiding
Architectural style
Other

Listing agent Samir Kendic License #10401266765

Listing office Coldwell Banker Faith Properties 2811 Genesee St, Utica, NY

Listing date Apr 14, 2026

MLS# S1673435 Listing URL

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This income-producing two-family home features three bedrooms and one bath in each unit, along with a formal dining room. The roof is 5 years old. Upgraded furnaces and water heaters are scheduled for 2025. Blown-in insulation has been installed on both floors. The property includes a two-car garage and additional parking space. The lot size is 0.0946 acres, and the property size is 2208 square feet.

Key Highlights

  • Income‑producing 2‑family home with 6 bedrooms total and 2 bathrooms
  • Each unit includes a formal dining room and 3 bedrooms/1 bath setup
  • Roof is 5 years old

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 (±1% cap)
NOI $19,998 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$262.6K
$229.8K – $306.4K (±1% cap)
NOI $18,381 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$581.9K
$509.1K – $678.8K (±1% cap)
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

Suggested Use

Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Law Firm Plumbing Service Gym & Fitness Center (Bike/Boat/Book/etc) Store Storage Facility Tech Support Center Florist

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

FAQs

What type of property is this?
Duplex - Two-family home with upgraded utilities and a two-car garage.
Where is this duplex located?
The property is located at 1303 Mary Street 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 with 6 bedrooms total and 2 bathrooms; Each unit includes a formal dining room and 3 bedrooms/1 bath setup; Roof is 5 years old
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