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Meticulously Maintained Utica Two-Family Home

1311 Mary Street Utica, NY 13501

Claim this Listing
Pending
$229,000

MULTI_FAMILY - Other - Utica, NY

Property size:
1,944 SF
Lot size:
0.06 Acres
Added:
May 4, 2026
Days on Market:
71
Last Refresh:
Jul 13 at 11:06 pm

Property Features for 1311 Mary Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement
Window features
Drapes
Patio and Porch features
Porch
Interior features
CeilingFans, WindowTreatments
Exterior features
EnclosedPorch, FullyFenced, Porch
Fencing
Fenced
Appliances
GasWaterHeater
Standard status
Pending
APN
301600-319-071-0001-040-000-0000
Size
1,944 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
3268

Utilities

Heating system
Natural Gas, Forced Air
Water source
Public

Building Details

Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies, Tile, Carpet, Vinyl
Building materials
AtticCrawlHatchwaysInsulated, BlownInInsulation, SprayFoamInsulation, VinylSiding, PexPlumbing
Roof type
Shingle, Asphalt
Architectural style
Other

Listing agent Michael Arcuri License #10401372386

Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY

Listing date May 4, 2026

MLS# S1678572 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 meticulously maintained two-family home in Utica, New York, presents an opportunity for owner-occupied investment. The property features two spacious 2-bedroom, 1-bath units. Both apartments are clean and offer a practical layout with eat-in kitchens, comfortable living areas, and porch access. Recent updates include updated electrical service from the pole to the house, newer entry doors with both front entrances recently replaced, and newer replacement windows in both apartments. Both units have been freshly painted and feature updated bathrooms. Walls and attic are fully insulated. The basement includes two sets of washer and dryers. Separate gas and electric utilities are present. The property also features forced air heat, public water/sewer, a full basement, a fully fenced yard, and off-street parking. The property is delivered vacant. It is located near schools, shopping, and everyday amenities. The lot size is 0.0572 acres, and the property size is 1944 square feet.

Key Highlights

  • 2‑family home (built 1930) with two 2‑bedroom, 1‑bath units, delivered vacant
  • Recent updates include electrical service from the pole to the house, replacement entry doors, and newer replacement windows in both apartments
  • Separate gas and electric utilities plus forced‑air natural gas heat and public water/sewer

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 $26.8k $13.80
− Vacancy −$1.7k −$0.86
EGI $25.2k $12.94
− OpEx −$7.5k −$3.88
NOI $17.6k $9.06
1,944 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$251.5K
$220.1K – $293.5K (±1% cap)
NOI $17,607 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$231.2K
$202.3K – $269.7K (±1% cap)
NOI $16,183 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$512.3K
$448.3K – $597.7K (±1% cap)
NOI $35,860 @ 7.0% cap · market cap 15.66%
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 Law Firm (Bike/Boat/Book/etc) Store 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 updated units, ideal for owner-occupancy.
Where is this duplex located?
The property is located at 1311 Mary Street Utica, NY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2‑family home (built 1930) with two 2‑bedroom, 1‑bath units, delivered vacant; Recent updates include electrical service from the pole to the house, replacement entry doors, and newer replacement windows in both apartments; Separate gas and electric utilities plus forced‑air natural gas heat and public water/sewer
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