Two-Unit
229 E Walnut St, Oneida, NY 13421
For Sale
New
$240,000
Two separate residences offer distinct bedroom counts and living, dining, and kitchen areas.
Property Size2,564 SF
Days on Market4
Property Features for 229 E Walnut St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Chapin Real Estate
Listed By:
Jennie Chapin · License NY #10491208707
(315) 366-4136
Source:
Elliman
Added: Nov 8
Last Checked: Nov 10 at 7:47AM
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 Chapin Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two residences with different layouts. Unit 1 has four bedrooms, two full bathrooms, a living room, formal dining room, eat-in kitchen, and porch. Unit 2 includes two bedrooms, one full bathroom, one half bathroom, a living room, and an eat-in kitchen. The property was built in 1900.
Located at 229 E Walnut St in Oneida, the property has a bike score of 43 and a walk score of 52.
Located at 229 E Walnut St in Oneida, the property has a bike score of 43 and a walk score of 52.
Key Highlights
- Two residences: one with 4 bedrooms and one with 2 bedrooms
- Unit 1 includes 2 full bathrooms, formal dining room, eat‑in kitchen, and porch
- Unit 2 has 1 full and 1 half bathroom, living room, and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,706
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,120
$414.1K
Cap Rate 7%
$295,800
$295.8K
Cap Rate 9%
$230,067
$230.1K
Market Conditions
NOI Build-Up for 2,564 SF
Gross rent
$40.9K $15.96/SF
− Vacancy
−$3.3K −$1.28/SF
EGI
$37.6K $14.68/SF
− OpEx
−$16.9K −$6.61/SF
NOI
$20.7K $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%
$414,120
Cap Rate 7%
$295,800
Cap Rate 9%
$230,067
Alternative Uses
Best Use
Multifamily LT 5
$326.9K
$286.1K – $381.4K
NOI $22,886 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$295.8K
$258.8K – $345.1K
NOI $20,706 @ 7.0% cap · market cap 8.63%
Theoretical Best
Industrial
$861.1K
$753.5K – $1.00M
NOI $60,277 @ 7.0% cap · market cap 25.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
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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?
Duplex - Two separate residences offer distinct bedroom counts and living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 229 E Walnut St Oneida, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residences: one with 4 bedrooms and one with 2 bedrooms; Unit 1 includes 2 full bathrooms, formal dining room, eat‑in kitchen, and porch; Unit 2 has 1 full and 1 half bathroom, living room, and eat‑in kitchen
