Duplex with Inground
New
For Sale
$289,900
2022 Baker Ave, Utica, NY 13501
Both residences have two-bedroom layouts, garage space, and laundry hookups.
Property Size1,924 SF
Days on Market6
Property Features for 2022 Baker Ave
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,334
Amenities
Inground Pool
laundry hookups
Building Details
Building Size
1,924 SF
Year Built
1961
Stories
1
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 6
Last Checked: Oct 5 at 5:30PM
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 1961, this duplex has two bedrooms in each residence, hardwood flooring, and living areas. Each unit also has laundry hookups and a garage for parking or storage. An inground pool is an additional property feature.
Key Highlights
- Inground pool
- Two‑bedroom layout in each unit
- Garage serving each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,426
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,520
$348.5K
Cap Rate 7%
$248,943
$248.9K
Cap Rate 9%
$193,622
$193.6K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$26.6K $13.80/SF
− Vacancy
−$1.7K −$0.86/SF
EGI
$24.9K $12.94/SF
− OpEx
−$7.5K −$3.88/SF
NOI
$17.4K $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%
$348,520
Cap Rate 7%
$248,943
Cap Rate 9%
$193,622
Alternative Uses
Best Use
Multifamily LT 5
$248.9K
$217.8K – $290.4K
NOI $17,426 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$228.8K
$200.2K – $267.0K
NOI $16,017 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$507.0K
$443.6K – $591.5K
NOI $35,491 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
808
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 two-bedroom layouts, garage space, and laundry hookups.
Where is this duplex located?
The property is located at 2022 Baker Ave Utica, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Inground pool; Two‑bedroom layout in each unit; Garage serving each unit
