4-Unit Townhouse
New
For Sale
$380,000
203 Sherman St, Oneida, NY 13421
Four separate residences, each with its own utilities, are scheduled for delivery vacant.
Property Size4,320 SF
Days on Market4
Property Features for 203 Sherman St
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,005
Building Details
Building Size
4,320 SF
Year Built
1994
Stories
2
Units
4
Listing Agency:
Terra Real Estate
Listed By:
Joel T. Arsenault · License #37AR0898356
(315) 697-3400
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 10:06AM
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 Terra Real Estate
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Investment Insights
Based on property information with market context.
Built in 1994, this quadplex contains four townhouse residences. Each has two bedrooms, one bathroom, and a living, dining, and kitchen area, with utilities separately metered for each unit. The property is to be delivered vacant.
The property is at 203 Sherman St in Oneida, New York. It was leased to NYS for 30 years.
The property is at 203 Sherman St in Oneida, New York. It was leased to NYS for 30 years.
Key Highlights
- Four townhouse units, each with 2 bedrooms and 1 bath
- Separate utilities for each residence
- Each unit includes living, dining, and kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,887
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,740
$697.7K
Cap Rate 7%
$498,386
$498.4K
Cap Rate 9%
$387,633
$387.6K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$68.9K $15.96/SF
− Vacancy
−$5.5K −$1.28/SF
EGI
$63.4K $14.68/SF
− OpEx
−$28.5K −$6.61/SF
NOI
$34.9K $8.08/SF
Area
Madison County, NY
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,740
Cap Rate 7%
$498,386
Cap Rate 9%
$387,633
Alternative Uses
Best Use
Multifamily LT 5
$550.9K
$482.0K – $642.7K
NOI $38,560 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$498.4K
$436.1K – $581.5K
NOI $34,887 @ 7.0% cap · market cap 9.18%
Theoretical Best
Industrial
$1.45M
$1.27M – $1.69M
NOI $101,559 @ 7.0% cap · market cap 26.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 13421, NY
12,807
Population
5,953
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
90%
High-School Grad
40.1 sq mi
ZIP Area
319
Density / Sq Mi
$63,732
Median Household Income
$42,189
Median Earnings
$846
Median Rent
$147,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences, each with its own utilities, are scheduled for delivery vacant.
Where is this quadplex located?
The property is located at 203 Sherman St Oneida, NY.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Four townhouse units, each with 2 bedrooms and 1 bath; Separate utilities for each residence; Each unit includes living, dining, and kitchen areas
