Two-Family Residential Income
21 Virginia St Baldwinsville, NY 13027
21 Virginia St, Baldwinsville, NY, 13027
$369,000
For Sale
$369,000
Well-maintained duplex offers two electric meters and one gas meter, with two units featuring three bedrooms each.
Property Size3,156 SF
Price / SF$116.92
Days on Market69
Property Features for 21 Virginia St
General Information
- Standard status
- Active
- Size
- 3,156 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1916
Listing agency
(315) 622-5757
Listed by
Donald Joseph Grovine
(315) 622-5757
Source
Elliman
Added: May 15 Updated: Jul 21 at 10:43PM Checked: Jul 22 at 11:03AM
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 Donald Joseph Grovine
Investment Insights
Based on property information with market context.
21 Virginia St is a well-maintained two-family property with a flexible configuration. The home is set up for multi-unit living with two electric meters and one gas meter, and it may also be converted back to a single-family residence. Each side provides approximately 1,578 square feet of living space.
Both units include three bedrooms, with one unit featuring two full bathrooms and the other offering one full and one half bath. Spacious formal dining rooms and oversized living rooms are included on both sides, supporting comfortable daily living and room for entertaining.
For buyers seeking residential income or an owner-occupant option, the property’s duplex layout and meter configuration provide clear separation between units while maintaining the practicality of a single-home conversion concept.
Both units include three bedrooms, with one unit featuring two full bathrooms and the other offering one full and one half bath. Spacious formal dining rooms and oversized living rooms are included on both sides, supporting comfortable daily living and room for entertaining.
For buyers seeking residential income or an owner-occupant option, the property’s duplex layout and meter configuration provide clear separation between units while maintaining the practicality of a single-home conversion concept.
Key Highlights
- Well‑maintained two‑family duplex built in 1916
- Two electric meters and one gas meter for the two‑unit setup
- Each unit offers approx. 1,578 SF of living space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $16.20 |
| − Vacancy | −$3.2k | −$1.00 |
| EGI | $48.0k | $15.20 |
| − OpEx | −$14.4k | −$4.56 |
| NOI | $33.6k | $10.64 |
3,156 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.7K
$419.8K – $559.7K
NOI $33,581 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$425.7K
$372.5K – $496.6K
NOI $29,798 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$548.5K
$479.9K – $639.9K
NOI $38,393 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two electric meters and one gas meter, with two units featuring three bedrooms each.
Where is this duplex located?
The property is located at 21 Virginia St Baldwinsville, NY.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Well‑maintained two‑family duplex built in 1916; Two electric meters and one gas meter for the two‑unit setup; Each unit offers approx. 1,578 SF of living space
