Well-Maintained Multi-Family Investment
1312 Butternut Street Utica, NY 13502
For Sale
$199,900
Pending
MULTI_FAMILY - Other - Utica, NY
Property Size2,016 SF
Lot Size0.09 Acres
Days on Market113
Property Features for 1312 Butternut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 1
Patio and Porch features
Porch
Exterior features
EnclosedPorch, Porch
Appliances
GasWaterHeater
Standard status
Pending
APN
301600-318-054-0001-033-000-0000
Size
2,016 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3488
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice
(315) 735-9244
Listed By:
Lisa A. Kowalczyk · License #10491203704
(315) 534-1301
Added: Apr 9
Changed: Jul 12
Last Checked: Jul 30 at 4:06AM
MLS# S1672325
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 multi-family property, situated on a corner lot, presents an investment opportunity. Each unit features 3 bedrooms with updated interiors and hardwood floors. The property has separate utilities, including water. A two-car detached garage offers convenient access. The property currently houses long-term tenants, providing immediate income, with potential for increased capital. The property size is 2016 square feet and the lot size is 0.0918 acres.
Key Highlights
- Multi‑unit property built in 1920 on a corner lot
- Each unit includes 3 bedrooms and updated interiors
- Hardwood flooring throughout (varies by area)
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 | $27.8k | $13.80 |
| − Vacancy | −$1.7k | −$0.86 |
| EGI | $26.1k | $12.94 |
| − OpEx | −$7.8k | −$3.88 |
| NOI | $18.3k | $9.06 |
2,016 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,259 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$239.7K
$209.8K – $279.7K
NOI $16,782 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$531.3K
$464.9K – $619.8K
NOI $37,188 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Corner lot multi-family with updated interiors and long-term tenants.
Where is this duplex located?
The property is located at 1312 Butternut Street Utica, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Multi‑unit property built in 1920 on a corner lot; Each unit includes 3 bedrooms and updated interiors; Hardwood flooring throughout (varies by area)
