Two-Unit Duplex with Off-Street
For Sale
$269,900
1906 Baker Ave, Utica, NY 13501
Both residences have three bedrooms and laundry hookups, with tenants currently in place.
Property Size2,730 SF
Days on Market10
Property Features for 1906 Baker Ave
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,958
Amenities
laundry hook ups
Building Details
Building Size
2,730 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Assist2Sell Buyer's & Seller's 1st Choice
Listed By:
Lisa A. Kowalczyk · License #10491203704
(315) 534-1301
Source:
Elliman
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 9 at 10:13PM
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 Buyer's & Seller's 1st Choice
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two three-bedroom residences. Each unit has laundry hookups, and off-street parking serves the property. Both units are currently occupied by tenants.
Key Highlights
- Two units, each with 3 bedrooms
- Both units are currently rented
- Laundry hookups in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,726
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,520
$494.5K
Cap Rate 7%
$353,229
$353.2K
Cap Rate 9%
$274,733
$274.7K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$37.7K $13.80/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$35.3K $12.94/SF
− OpEx
−$10.6K −$3.88/SF
NOI
$24.7K $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%
$494,520
Cap Rate 7%
$353,229
Cap Rate 9%
$274,733
Alternative Uses
Best Use
Multifamily LT 5
$353.2K
$309.1K – $412.1K
NOI $24,726 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,726 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$719.4K
$629.5K – $839.3K
NOI $50,359 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
578
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and laundry hookups, with tenants currently in place.
Where is this duplex located?
The property is located at 1906 Baker Ave Utica, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms; Both units are currently rented; Laundry hookups in each residence
