Duplex with Detached
For Sale
$299,900
1654 Wesley Ave, Utica, NY 13502
Two apartments offer hardwood floors, full baths, porches, and basement laundry and storage.
Property Size2,526 SF
Days on Market53
Property Features for 1654 Wesley Ave
General Information
Standard status
Active
Size
2,526 SF
Property subtype
Multi Family
Additional Details
Gross Income
$58,800
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,979
Amenities
covered front porches
upper balcony
off-street parking
detached garage
full basement
laundry facilities
Building Details
Building Size
2,526 SF
Year Built
1930
Stories
2
Units
2
Listed By:
Tasha Peterson
(315) 534-8107
Source:
Elliman
Added: Sep 8
Changed: Oct 27
Last Checked: Oct 30 at 3:51PM
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 Tasha Peterson
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains two apartments with generous bedrooms, comfortable living areas, separate dining spaces, and one full bathroom per unit. Hardwood flooring, original architectural elements, and abundant natural light contribute character throughout the interiors. Each kitchen includes ample cabinetry and a functional layout. A full basement provides laundry facilities, utilities, and additional storage. Exterior features include covered front porches, an upper balcony, off-street parking, and a detached garage.
The property directly borders Utica University and is near shopping, dining, public transportation, and major commuter routes. The location is rated 64 for walkability and 39 for bikeability, described as Somewhat Walkable and Somewhat Bikeable, respectively.
The property directly borders Utica University and is near shopping, dining, public transportation, and major commuter routes. The location is rated 64 for walkability and 39 for bikeability, described as Somewhat Walkable and Somewhat Bikeable, respectively.
Key Highlights
- Two apartments, each with generous bedrooms, separate dining space, and a full bathroom
- Directly along the Utica University property line at 1654 Wesley Ave, Utica, NY 13502
- Full basement includes laundry facilities, utilities, and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,879
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,580
$457.6K
Cap Rate 7%
$326,843
$326.8K
Cap Rate 9%
$254,211
$254.2K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$34.9K $13.80/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$32.7K $12.94/SF
− OpEx
−$9.8K −$3.88/SF
NOI
$22.9K $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%
$457,580
Cap Rate 7%
$326,843
Cap Rate 9%
$254,211
Alternative Uses
Best Use
Multifamily LT 5
$326.8K
$286.0K – $381.3K
NOI $22,879 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$300.4K
$262.9K – $350.5K
NOI $21,028 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$665.7K
$582.5K – $776.6K
NOI $46,596 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 13502, NY
33,990
Population
15,337
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
51.4 sq mi
ZIP Area
661
Density / Sq Mi
$59,530
Median Household Income
$36,927
Median Earnings
$965
Median Rent
$149,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer hardwood floors, full baths, porches, and basement laundry and storage.
Where is this duplex located?
The property is located at 1654 Wesley Ave Utica, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two apartments, each with generous bedrooms, separate dining space, and a full bathroom; Directly along the Utica University property line at 1654 Wesley Ave, Utica, NY 13502; Full basement includes laundry facilities, utilities, and additional storage
