Multifamily Building with
226 Genesee Street Utica, NY 13502
For Sale
$799,900
MULTI_FAMILY - Other - Utica, NY
Property Size5,950 SF
Lot Size0.05 Acres
Price / SF$134.44
Days on Market290
Property Features for 226 Genesee Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Appliances
GasWaterHeater
Standard status
Active
APN
301600-318-050-0002-011-000-0000
Size
5,950 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2959
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Number of units
4
Flooring type
Laminate, Varies
Building materials
Brick
Roof type
Rubber, Membrane
Architectural style
Other
Listing Agency:
Coldwell Banker Faith Properties
(315) 735-2222
Listed By:
Lori DiNardo-Emmerich · License #10401218651
(315) 525-2733
Added: Oct 13, 2025
Changed: Jul 12
Last Checked: Jul 29 at 6:06PM
MLS# S1644865
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.
Investment Insights
Based on property information with market context.
This multifamily building combines a preserved main-level bar with additional space on the second and third floors. The bar area features vintage character, including hand-crafted Meyda Tiffany lighting and an original wood bar from St. Mark’s Tavern dating to the 1950s. Upstairs, the layout offers potential for loft-style apartments, creative studios, or unique living/working arrangements, with high ceilings, large windows, and original architectural details that add to the building’s historic feel.
Located on Genesee Street in downtown Utica, the property is described as being within walking distance of Wynn Hospital, the Stanley Theatre, the Adirondack Bank Center, and the Harbor Point development. The area is characterized in the remarks as surrounded by restaurants, boutique hotels, and cultural attractions.
Designed to support both an established ground-level use and flexible overhead improvements, the building offers a single ownership opportunity for buyers seeking an historic downtown asset with adaptable upper-floor possibilities.
Located on Genesee Street in downtown Utica, the property is described as being within walking distance of Wynn Hospital, the Stanley Theatre, the Adirondack Bank Center, and the Harbor Point development. The area is characterized in the remarks as surrounded by restaurants, boutique hotels, and cultural attractions.
Designed to support both an established ground-level use and flexible overhead improvements, the building offers a single ownership opportunity for buyers seeking an historic downtown asset with adaptable upper-floor possibilities.
Key Highlights
- Historic downtown Utica property on Genesee Street with second and third floors
- Main‑level bar space includes hand‑crafted Meyda Tiffany lighting and an original wood bar from St. Mark's Tavern (dating to the 1950s)
- Built in 1950 with brick construction
Financial Insights For Specialty Retail
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 | $96.4k | $16.20 |
| − Vacancy | −$5.0k | −$0.84 |
| EGI | $91.4k | $15.36 |
| − OpEx | −$22.8k | −$3.84 |
| NOI | $68.5k | $11.52 |
5,950 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$979.0K
$856.7K – $1.14M
NOI $68,533 @ 7.0% cap · market cap 8.57%
Second Best
Multifamily LT 5
$769.9K
$673.6K – $898.2K
NOI $53,890 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,756 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Downtown multifamily property includes a preserved main-level bar and second and third-floor space with high ceilings and large windows.
Where is this quadplex located?
The property is located at 226 Genesee Street Utica, NY.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Historic downtown Utica property on Genesee Street with second and third floors; Main‑level bar space includes hand‑crafted Meyda Tiffany lighting and an original wood bar from St. Mark's Tavern (dating to the 1950s); Built in 1950 with brick construction
