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    Otego Multifamily Investment Opportunity Title is generated by Realmo AI

    2171 County Highway 8, Otego, NY 13825

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    For Sale
    $99,900

    MULTI_FAMILY - Otego, NY

    Property size:
    800 SF
    Lot size:
    1.80 Acres
    Price / SF:
    $124/SF
    Added:
    Jan 21, 2026
    Days on Market:
    113
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 2171 County Highway 8

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 2
    Parking features
    Paved or Surfaced
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    272.00-1-59.00
    Size
    800 SF
    Lot size
    1.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2005

    Utilities

    Heating system
    Propane (Heating), Forced Air, Oil
    Water source
    Well

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Varies, Vinyl, Carpet
    Building materials
    AluminumSiding, ShakeSiding, VinylSiding

    We can help!

    Listing Contact
    Christine Keto
    Christine Keto

    Listing agent Christine Keto License #30KE1019431

    Listing office Oneonta Realty, LLC 99 Main Street, Oneonta, NY

    Listing date Jan 21, 2026

    MLS# R1659127 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Investment opportunity with income potential from 3 existing mobile homes.
    • 3 Parcels totaling almost 2 acres with mountain views.
    • Excellent location near Cooperstown All Star Village, Otego, and Oneonta.
    • Potential for building a new home or rental cabins.
    • Each mobile home has its own electric meter, heating system, septic, and yard.
    • Includes 3 storage containers and ample parking.

    Overview

    This investment property features three mobile homes, each equipped with individual electric meters, heating systems, septic systems, and yards, along with ample parking and three storage containers. The property consists of three parcels totaling almost 2 acres and offers mountain views. The location is suitable for constructing a home or for rental properties such as cabins for visitors to the Cooperstown All Star Village, or tiny homes. There is potential to improve the existing homes. The property is located minutes from Cooperstown All Star Village, Otego, and Oneonta, and is a short commute to I88. The property will require a new septic system and possible repairs to the well or water lines. The property is located in Otego, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Otego
    County
    Otsego
    State
    New York
    Longitude
    -75.168336
    Latitude
    42.489555

    Nearby Similar for Sale

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    • $295,000
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      Restaurant and Income Property Opportunity

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    FAQs

    What type of property is this?
    Mobile home & RV park - Three mobile homes on almost two acres near Cooperstown.
    Where is this mobile home & rv park located?
    The property is located at 2171 County Highway 8 Otego, NY.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Investment opportunity with income potential from 3 existing mobile homes.; 3 Parcels totaling almost 2 acres with mountain views.; Excellent location near Cooperstown All Star Village, Otego, and Oneonta.
    (607) 287-8458
    We can help!
    Listing Contact
    Christine Keto
    Christine Keto
    Real Estate License ID: 30KE1019431
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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