Mixed-Use Building with Commercial
167-173 Main Street, Oneonta, NY 13820
For Sale
New
$1,490,000
CommercialSale, Oneonta, NY
Property Size15,000 SF
Lot Size0.13 Acres
Price / SF$99.33
Days on Market5
Property Features for 167-173 Main Street
General Information
Property type
Property subtype
Zoning
Zoning description
Parking
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Roof type
Buildings
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 431-2540
Listed By:
Anthony Heath · License NY #10401359601
(607) 267-3166
Added: Nov 9
Last Checked: Nov 13 at 4:06AM
MLS# R1727448
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.
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Investment Insights
Based on property information with market context.
At 167-173 Main Street in Oneonta, this 15,000-square-foot mixed-use building contains two commercial spaces and eight apartments. Built in 1900, it has natural gas hot-water heating, a flat roof, public water, and public sewer. The property is zoned C1 and occupies a 0.13-acre lot.
The commercial and residential portions have established occupancy histories. One commercial tenant has occupied its space for more than 25 years, while the other space has avoided extended vacancy for over a decade. The apartments have averaged 95% occupancy, and all but one resident pays their own utilities.
The commercial and residential portions have established occupancy histories. One commercial tenant has occupied its space for more than 25 years, while the other space has avoided extended vacancy for over a decade. The apartments have averaged 95% occupancy, and all but one resident pays their own utilities.
Key Highlights
- Two commercial spaces and eight residential apartments
- 15,000 square feet on a 0.13‑acre lot
- Apartment occupancy has averaged 95%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,700
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,000
$2.6M
Cap Rate 7%
$1,838,571
$1.8M
Cap Rate 9%
$1,430,000
$1.4M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$234.0K $15.60/SF
− Vacancy
−$28.1K −$1.87/SF
EGI
$205.9K $13.73/SF
− OpEx
−$77.2K −$5.15/SF
NOI
$128.7K $8.58/SF
Area
Otsego County, NY
Vacancy
12.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,000
Cap Rate 7%
$1,838,571
Cap Rate 9%
$1,430,000
Alternative Uses
Best Use
Mixed Use
$1.84M
$1.61M – $2.15M
NOI $128,700 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,265 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,440 @ 7.0% cap · market cap 19.43%
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
Current Use
Lease Details
8
Residential units
95%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The downtown property combines two commercial units with eight residential apartments.
Where is this mixed-use property located?
The property is located at 167-173 Main Street Oneonta, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two commercial spaces and eight residential apartments; 15,000 square feet on a 0.13‑acre lot; Apartment occupancy has averaged 95%
