2-Unit
For Sale
$170,000
136 East Seneca Street, Oswego, NY 13126
The first-floor apartment is vacant, and the upper unit is tenant-occupied.
Property Size1,957 SF
Days on Market9
Property Features for 136 East Seneca Street
General Information
Standard status
Active
Size
1,957 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,555
Amenities
shared front porch
shared backyard
blacktop driveway
detached one-car garage
Building Details
Building Size
1,957 SF
Year Built
1850
Stories
2
Listing Agency:
Century 21 Galloway Realty
Listed By:
Brooke Wills · License #10401345766
(315) 342-2111
Source:
Highfallssir
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 30 at 6:14PM
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 Century 21 Galloway Realty
Investment Insights
Based on property information with market context.
This two-unit duplex has a two-bedroom, two-bathroom apartment on the first floor and a one-bedroom, one-bathroom apartment above. The lower unit includes a newer kitchen with appliances, a washer and dryer, living and dining areas, updated flooring, and two entry points. The upper apartment has a kitchen and living area. New porches serve the property, with separate stairways to the upstairs unit.
The site also includes a blacktop driveway, shared backyard, and detached one-car garage, which provides storage. Gas and electric service are shared; panels are in place for potential future separation. The first-floor apartment is vacant, while the upper unit is rented.
The site also includes a blacktop driveway, shared backyard, and detached one-car garage, which provides storage. Gas and electric service are shared; panels are in place for potential future separation. The first-floor apartment is vacant, while the upper unit is rented.
Key Highlights
- Two apartments: a 2‑bedroom, 2‑bathroom unit below and a 1‑bedroom, 1‑bathroom unit upstairs
- First‑floor apartment includes a newer kitchen, appliances, washer and dryer, and updated flooring
- Detached one‑car garage and blacktop driveway
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
$15,013
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
8.83%
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%
$300,260
$300.3K
Cap Rate 7%
$214,471
$214.5K
Cap Rate 9%
$166,811
$166.8K
Market Conditions
NOI Build-Up for 1,957 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
$28.9K $14.76/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$27.3K $13.95/SF
− OpEx
−$12.3K −$6.28/SF
NOI
$15.0K $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%
$300,260
Cap Rate 7%
$214,471
Cap Rate 9%
$166,811
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.7K – $269.0K
NOI $16,139 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$214.5K
$187.7K – $250.2K
NOI $15,013 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,012
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The first-floor apartment is vacant, and the upper unit is tenant-occupied.
Where is this duplex located?
The property is located at 136 East Seneca Street Oswego, NY.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two apartments: a 2‑bedroom, 2‑bathroom unit below and a 1‑bedroom, 1‑bathroom unit upstairs; First‑floor apartment includes a newer kitchen, appliances, washer and dryer, and updated flooring; Detached one‑car garage and blacktop driveway
