Two-Unit Residential Income
For Sale
$109,900
Pending
411 Oneida St, Fulton, NY 13069
This two-unit property offers two bedrooms, one full bath, and in-unit laundry in each unit with separate utilities.
Property Size1,296 SF
Days on Market64
Property Features for 411 Oneida St
General Information
Standard status
Pending
Size
1,296 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,385
Amenities
in-unit laundry
separate utilities
Building Details
Building Size
1,296 SF
Year Built
1910
Stories
2
Units
2
Tenancy
Multi
Listed By:
Valerie Ferguson
(315) 622-5757
Source:
Elliman
Added: Jul 26
Changed: Sep 11
Last Checked: Sep 26 at 8:52AM
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 Valerie Ferguson
Investment Insights
Based on property information with market context.
This two-unit residential income property features two separate units, each offering 2 bedrooms and 1 full bath. Both units include nice-sized kitchens and in-unit laundry areas with washers and dryers that convey. The property also includes newer hot water heaters, and the chimney was mostly rebuilt approximately 5+ years ago.
Recent updates include fresh paint throughout the lower unit, a newer stove, a new ceiling fan/light, and a new front door with hardware. The upper unit has a newer refrigerator. A shed on site is approximately 9 years old, has been reroofed, and is described as in good condition.
The home at 411 Oneida St, Fulton, NY 13069 is positioned with car-dependent walk/bike scores noted in the listing.
Recent updates include fresh paint throughout the lower unit, a newer stove, a new ceiling fan/light, and a new front door with hardware. The upper unit has a newer refrigerator. A shed on site is approximately 9 years old, has been reroofed, and is described as in good condition.
The home at 411 Oneida St, Fulton, NY 13069 is positioned with car-dependent walk/bike scores noted in the listing.
Key Highlights
- 2‑unit multi‑family home built in 1910, with each unit offering 2 bedrooms and 1 full bath
- In‑unit laundry in each unit, with washers and dryers conveying
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$198,840
$198.8K
Cap Rate 7%
$142,029
$142.0K
Cap Rate 9%
$110,467
$110.5K
Market Conditions
NOI Build-Up for 1,296 SF
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.
Gross rent
$19.1K $14.76/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$18.1K $13.95/SF
− OpEx
−$8.1K −$6.28/SF
NOI
$9.9K $7.67/SF
Area
Oswego County, NY
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$198,840
Cap Rate 7%
$142,029
Cap Rate 9%
$110,467
Alternative Uses
Best Use
Multifamily LT 5
$152.7K
$133.6K – $178.1K
NOI $10,688 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$142.0K
$124.3K – $165.7K
NOI $9,942 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$258.5K
$226.2K – $301.6K
NOI $18,095 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 13069, NY
24,071
Population
10,593
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
109.9 sq mi
ZIP Area
219
Density / Sq Mi
$63,156
Median Household Income
$44,073
Median Earnings
$878
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - This two-unit property offers two bedrooms, one full bath, and in-unit laundry in each unit with separate utilities.
Where is this duplex located?
The property is located at 411 Oneida St Fulton, NY.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: 2‑unit multi‑family home built in 1910, with each unit offering 2 bedrooms and 1 full bath; In‑unit laundry in each unit, with washers and dryers conveying; Separate utilities for each unit
