Multifamily Income
For Sale
$230,000
1680 Seymour Ave, Utica, NY 13501
For sale at 1680 Seymour Ave, a residential income multifamily option in a car-dependent area.
Property Size2,500 SF
Price / SF$92
Days on Market107
Property Features for 1680 Seymour Ave
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice
Listed By:
Alen Zekic · License #10401267029
(315) 570-0148
Source:
Skinnercnyrealty
Added: Jun 22
Changed: Sep 15
Last Checked: Oct 6 at 12:16AM
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 Assist2Sell Buyers & Sellers 1st Choice
Investment Insights
Based on property information with market context.
This for-sale multifamily and residential income property is presented as an ownership opportunity within the “other multifamily” category. Beyond the stated property type, no additional building layouts, unit count, or interior features were provided in the available information.
The property is located at 1680 Seymour Ave in Utica, NY 13501. Walkability is reported at a 50 (car-dependent), and bikeability is reported at a 44 (somewhat bikeable), indicating that tenant or resident access is likely oriented toward vehicles rather than frequent walking or cycling.
For investors and buyers seeking a residential income asset, the most immediate, supported takeaway is the property’s classification as a multifamily income offering. Buyers typically evaluate a number of items not provided here, such as current income, lease terms, building condition, and unit mix. Prospective purchasers and their representatives should review all available offering materials and conduct appropriate due diligence to confirm the property’s operational and financial characteristics before making a decision.
The property is located at 1680 Seymour Ave in Utica, NY 13501. Walkability is reported at a 50 (car-dependent), and bikeability is reported at a 44 (somewhat bikeable), indicating that tenant or resident access is likely oriented toward vehicles rather than frequent walking or cycling.
For investors and buyers seeking a residential income asset, the most immediate, supported takeaway is the property’s classification as a multifamily income offering. Buyers typically evaluate a number of items not provided here, such as current income, lease terms, building condition, and unit mix. Prospective purchasers and their representatives should review all available offering materials and conduct appropriate due diligence to confirm the property’s operational and financial characteristics before making a decision.
Key Highlights
- Year built: 1925
- BikeScore: 44 (somewhat bikeable)
- WalkScore: 50 (car‑dependent)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,812
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,240
$416.2K
Cap Rate 7%
$297,314
$297.3K
Cap Rate 9%
$231,244
$231.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$40.5K $16.20/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$37.8K $15.14/SF
− OpEx
−$17.0K −$6.81/SF
NOI
$20.8K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,240
Cap Rate 7%
$297,314
Cap Rate 9%
$231,244
Alternative Uses
Best Use
Apartment 5plus
$297.3K
$260.2K – $346.9K
NOI $20,812 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 20.05%
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
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 13501, NY
40,885
Population
17,071
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
4,646
Density / Sq Mi
$49,771
Median Household Income
$33,632
Median Earnings
$865
Median Rent
$136,100
Median Home Value
Check the figures for this property
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?
Multifamily property - For sale at 1680 Seymour Ave, a residential income multifamily option in a car-dependent area.
Where is this multifamily property located?
The property is located at 1680 Seymour Ave Utica, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Year built: 1925; BikeScore: 44 (somewhat bikeable); WalkScore: 50 (car‑dependent)
