Duplex Residential Income
For Sale
$230,000
1680 Seymour Avenue, Utica, NY 13501
MULTI_FAMILY - Other - Utica, NY
Property Size2,500 SF
Price / SF$92
Days on Market69
Property Features for 1680 Seymour Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Exterior features
Fence
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Flag Lot, Near Public Transit
Elementary school district
Utica
Middle school district
Utica
High school district
Utica
Subdivision
Utica-City-301600
Standard status
Active
APN
330.33-3-47
Size
2,500 SF
Taxes and HOA fees
Tax Annual Amount
3315
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile, Varies
Building materials
AluminumSiding, CopperPlumbing, PexPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice · Assist-2-Sell
(315) 735-9244
Listed By:
Alen Zekic · License #10401267029
(315) 570-0148
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 22 at 9:06AM
MLS# S1690826
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.
Investment Insights
Based on property information with market context.
This offering is a residential income property presented as a duplex/multifamily asset. The property totals 2,500 square feet, making it a manageable size for an owner seeking a straightforward multi-unit investment structure.
The property is located at 1680 Seymour Avenue in Utica, New York (Oneida County). It is offered for sale and positioned as a local income-generating property within the Utica area.
For buyers evaluating residential income opportunities, a duplex format can provide flexibility versus single-family ownership, particularly for those interested in holding a multi-unit property. This listing is well-suited for investors or owner-occupants looking for a compact multi-family configuration and a property sized to support practical oversight. Prospective buyers should review the unit layout, operating expenses, and condition details directly with the listing representative to confirm fit for their specific underwriting and ownership goals.
The property is located at 1680 Seymour Avenue in Utica, New York (Oneida County). It is offered for sale and positioned as a local income-generating property within the Utica area.
For buyers evaluating residential income opportunities, a duplex format can provide flexibility versus single-family ownership, particularly for those interested in holding a multi-unit property. This listing is well-suited for investors or owner-occupants looking for a compact multi-family configuration and a property sized to support practical oversight. Prospective buyers should review the unit layout, operating expenses, and condition details directly with the listing representative to confirm fit for their specific underwriting and ownership goals.
Key Highlights
- Built in 1925 with aluminum siding exterior and an asphalt shingle roof
- Utilities and systems include natural gas forced‑air heating and a gas water heater
- Copper and PEX plumbing, with public water service
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
$20,812
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
9.05%
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%
$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
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
$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 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%
$416,240
Cap Rate 7%
$297,314
Cap Rate 9%
$231,244
Alternative Uses
Best Use
Multifamily LT 5
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$297.3K
$260.2K – $346.9K
NOI $20,812 @ 7.0% cap · market cap 9.05%
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex-style residential income property offering a straightforward setup for investor and owner-operator buyers.
Where is this duplex located?
The property is located at 1680 Seymour Avenue 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: Built in 1925 with aluminum siding exterior and an asphalt shingle roof; Utilities and systems include natural gas forced‑air heating and a gas water heater; Copper and PEX plumbing, with public water service
