Updated Two-Family
New
For Sale
$259,900
19 Elm St, Whitestown, NY 13492
Two-level duplex with renovated interiors, fenced outdoor space, and a large basement with an additional toilet.
Property Size1,722 SF
Days on Market5
Property Features for 19 Elm St
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,493
Amenities
fenced yard
Building Details
Building Size
1,722 SF
Year Built
1925
Buildings
1
Stories
2
Units
2
Listing Agency:
Faith Properties, Inc.
(315) 794-1616
Listed By:
Shawn Balio · License #40BA1015018
(315) 794-1616
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 9 at 6:47AM
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 Faith Properties, Inc.
Investment Insights
Based on property information with market context.
This two-family duplex at 19 Elm St features separate living areas on two levels, with the second floor occupied by tenants. Recent improvements include vinyl siding, replacement windows, luxury vinyl flooring, stainless steel appliances, and renovated bathrooms on both floors. The property also includes a fenced yard and a substantial basement with an additional toilet, providing useful storage and potential for further finished space subject to applicable requirements.
Built in 1925, the home is located in Whitestown, NY 13492. Walk Score is 51 and Bike Score is 39, reflecting somewhat walkable and somewhat bikeable conditions. The two-level layout may support an owner-occupant arrangement or continued use as a two-family residential property, consistent with the existing configuration.
Built in 1925, the home is located in Whitestown, NY 13492. Walk Score is 51 and Bike Score is 39, reflecting somewhat walkable and somewhat bikeable conditions. The two-level layout may support an owner-occupant arrangement or continued use as a two-family residential property, consistent with the existing configuration.
Key Highlights
- Two‑family duplex with separate living areas on two levels
- Second‑floor tenant occupancy
- Updated bathrooms on both floors
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
$15,597
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
6.00%
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%
$311,940
$311.9K
Cap Rate 7%
$222,814
$222.8K
Cap Rate 9%
$173,300
$173.3K
Market Conditions
NOI Build-Up for 1,722 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
$23.8K $13.80/SF
− Vacancy
−$1.5K −$0.86/SF
EGI
$22.3K $12.94/SF
− OpEx
−$6.7K −$3.88/SF
NOI
$15.6K $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 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%
$311,940
Cap Rate 7%
$222,814
Cap Rate 9%
$173,300
Alternative Uses
Best Use
Multifamily LT 5
$222.8K
$195.0K – $260.0K
NOI $15,597 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,335 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 13492, NY
11,457
Population
4,983
Households
2.3
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
15.3 sq mi
ZIP Area
749
Density / Sq Mi
$84,543
Median Household Income
$48,005
Median Earnings
$920
Median Rent
$192,200
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 - Two-level duplex with renovated interiors, fenced outdoor space, and a large basement with an additional toilet.
Where is this duplex located?
The property is located at 19 Elm St Whitestown, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑family duplex with separate living areas on two levels; Second‑floor tenant occupancy; Updated bathrooms on both floors
