Building Details

Building Size 2,046 SF

Year Built 1880

Stories 2

Units 2

Listing Agency: Hoke Properties, LLC

Listed By: David J Hoke Show Phone

Source: Elliman

Added: Sep 8 Changed: Sep 27 Last Checked: Oct 5 at 5:23PM

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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 Hoke Properties, LLC

Investment Insights

Based on property information with market context.

This duplex includes a two-bedroom lower unit and a three-bedroom apartment above, offering separate living spaces within one residential property. Hardwood flooring extends through both levels, while updated windows and a boiler support the building’s existing improvements. Each unit has separate electric service, and public water serves the property. An attached 21x17 garage provides additional enclosed space.

The property sits on over 2 private acres with a large fenced and gated yard. It is positioned at the corner of Rt12 S and Hinman Rd in the Mapledale business corridor, with a 10-minute drive to Utica/Wynn Hospital and 20 minutes to the Rome region. The setting is rural and quiet, with access to nearby Trenton Greenbelt trails.

Key Highlights

• Two‑bedroom lower unit and three‑bedroom upper apartment
• Separate electric service for each unit
• Over 2 private acres with a large fenced and gated yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,531

Cap Rate

7.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,620 $370.6K

Cap Rate 7%

$264,729 $264.7K

Cap Rate 9%

$205,900 $205.9K

Market Conditions

NOI Build-Up for 2,046 SF

Gross rent

$28.2K $13.80/SF

− Vacancy

−$1.8K −$0.86/SF

EGI

$26.5K $12.94/SF

− OpEx

−$7.9K −$3.88/SF

NOI

$18.5K $9.06/SF

Area

Oneida County, NY

Vacancy

6.24%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,620

Cap Rate 7%

$264,729

Cap Rate 9%

$205,900

Alternative Uses

Best Use

Multifamily LT 5

$264.7K

$231.6K – $308.9K (±1% cap)

NOI $18,531 @ 7.0% cap · market cap 7.44%

Second Best

Apartment 5plus

$243.3K

$212.9K – $283.9K (±1% cap)

NOI $17,032 @ 7.0% cap · market cap 6.84%

Theoretical Best

Office A

$539.2K

$471.8K – $629.0K (±1% cap)

NOI $37,741 @ 7.0% cap · market cap 15.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Real Estate Agency Law Firm Wine and Liquor Store Dental Office Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 13304, NY

1,573

Population

796

Households

2

Avg Household Size

47

Median Age

48%

College-Educated

96%

High-School Grad

17.6 sq mi

ZIP Area

89

Density / Sq Mi

$105,313

Median Household Income

$55,607

Median Earnings

$1,264

Median Rent

$254,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-level duplex with separate electric service, hardwood floors, and a fenced yard.

Where is this duplex located?

The property is located at 10635 Hinman Rd E Barneveld, NY.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Two‑bedroom lower unit and three‑bedroom upper apartment; Separate electric service for each unit; Over 2 private acres with a large fenced and gated yard