Updated Duplex with Studio
For Sale
$384,900
171 Swift St, Oswego, NY 13126
Two vacant units provide flexible occupancy and leasing options near SUNY Oswego.
Property Size1,744 SF
Days on Market18
Property Features for 171 Swift St
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,183
Building Details
Building Size
1,744 SF
Year Built
1967
Stories
1
Units
2
Listing Agency:
Hunt Real Estate Era
Listed By:
Greg Wakeman
(315) 488-2926
Source:
Elliman
Added: Sep 19
Changed: Sep 26
Last Checked: Oct 5 at 7:17PM
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 Hunt Real Estate Era
Investment Insights
Based on property information with market context.
This 1967 duplex combines a four-bedroom, two-bath main residence with a separate studio apartment. The main unit includes an updated kitchen, updated bathrooms, newer mechanical systems, and a newer roof. The studio has its own entrance and bathroom, with updated finishes throughout. Both units are vacant, allowing the next owner to establish occupancy or leasing arrangements from the outset.
The property sits next to SUNY Oswego at 171 Swift St in Oswego. It includes a half-acre lot and off-street parking. The reported configuration totals five bedrooms and three bathrooms, while additional square footage associated with the studio and rear additions is estimated by the seller and not included in the tax record. The location scores 76 for walkability and 44 for bikeability.
The property sits next to SUNY Oswego at 171 Swift St in Oswego. It includes a half-acre lot and off-street parking. The reported configuration totals five bedrooms and three bathrooms, while additional square footage associated with the studio and rear additions is estimated by the seller and not included in the tax record. The location scores 76 for walkability and 44 for bikeability.
Key Highlights
- Duplex with four‑bedroom, two‑bath main unit and separate studio apartment
- Both units are vacant at closing
- Updated kitchens, bathrooms, mechanical systems, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,382
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,640
$287.6K
Cap Rate 7%
$205,457
$205.5K
Cap Rate 9%
$159,800
$159.8K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$22.0K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.5K $11.78/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$14.4K $8.25/SF
Area
Oswego County, NY
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,640
Cap Rate 7%
$205,457
Cap Rate 9%
$159,800
Alternative Uses
Best Use
Multifamily LT 5
$205.5K
$179.8K – $239.7K
NOI $14,382 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$191.1K
$167.2K – $223.0K
NOI $13,379 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$347.9K
$304.4K – $405.8K
NOI $24,350 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units provide flexible occupancy and leasing options near SUNY Oswego.
Where is this duplex located?
The property is located at 171 Swift St Oswego, NY.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Duplex with four‑bedroom, two‑bath main unit and separate studio apartment; Both units are vacant at closing; Updated kitchens, bathrooms, mechanical systems, and roof
