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    Village Duplex with Cottage Title is generated by Realmo AI

    2208 Caroline Street, Utica, NY 13502

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    Claim this Listing
    New
    For Sale
    $219,900

    MULTI_FAMILY - Other - Utica, NY

    Property size:
    3,340 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $65/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 2208 Caroline Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 4, Basement, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
    Parking features
    Garage
    Patio and Porch features
    Porch
    Exterior features
    EnclosedPorch, Porch
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    307005-317-008-0002-022-000-0000
    Size
    3,340 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5289

    Utilities

    Heating system
    Baseboard, Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1935
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Hardwood, Vinyl, Varies
    Building materials
    VinylSiding
    Roof type
    Asphalt, Rubber, Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Rianna M. Lazzaro
    Rianna M. Lazzaro

    Listing agent Rianna M. Lazzaro License #40LA1116913

    Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY

    Listing date Jun 4, 2026

    MLS# S1687825 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

    • 2‑unit property in the Village of Yorkville with an owner‑occupied 1st floor and a 2nd‑floor apartment
    • 2nd‑floor apartment is tenant occupied at $1,000/month through July 1; rent includes gas and water, tenant pays electric
    • Separate updated “Cottage” potential living space with kitchen/dining area, living room, full bath, and 2 tandem bedrooms plus large closet
    • Set on a double lot with the extra lot at 2210 Caroline Street on a separate tax map
    • Includes 2‑stall detached garage, 2 driveways, and shed
    • 1st floor includes 3 bedrooms, living room, formal dining room, spacious kitchen, updated full bath, and laundry/mudroom with basement access

    Overview

    This property is a duplex with two residential units and an additional separate living space commonly referred to as “The Cottage.” The first-floor unit is currently owner occupied and includes an entry hall, three bedrooms, a living room, formal dining room, spacious kitchen, a full updated bath, and a laundry area/mudroom with access to the full basement. The first floor has fresh paint and newer luxury vinyl flooring. Upstairs, the second-floor apartment includes a kitchen, full bath, two bedrooms, living room, and an enclosed back porch. The second-floor unit is currently tenant occupied and is planned to be vacant as of July 1.

    The property sits on a double lot, with the extra lot identified as 2210 Caroline Street on a separate tax map. Additional site improvements include a two-stall detached garage, two driveways, and a shed. It is located within the Whitesboro School District, with convenience to Utica University and other amenities.

    This setup supports multiple occupancy and lifestyle options, including owner occupancy with rental income, using both duplex units as a full rental investment, or incorporating “The Cottage” as flexible additional living space. The onsite laundry/mudroom access, enclosed porch, and separate updates to the cottage provide practical everyday usability for tenants or an owner-operator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.266467
    Latitude
    43.108631

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex on a double lot with a recently updated cottage, plus detached garage and multiple driveways.
    Where is this duplex located?
    The property is located at 2208 Caroline Street Utica, NY.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: 2‑unit property in the Village of Yorkville with an owner‑occupied 1st floor and a 2nd‑floor apartment; 2nd‑floor apartment is tenant occupied at $1,000/month through July 1; rent includes gas and water, tenant pays electric; Separate updated “Cottage” potential living space with kitchen/dining area, living room, full bath, and 2 tandem bedrooms plus large closet
    (315) 525-4430
    We can help!
    Listing Contact
    Rianna M. Lazzaro
    Rianna M. Lazzaro
    Real Estate License ID: 40LA1116913
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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.

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