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    2304 State Highway 205 Mount Vision, NY 13810

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    Claim this Listing
    New
    For Sale
    $199,600

    MULTI_FAMILY - Mount Vision, NY

    Property size:
    2,475 SF
    Lot size:
    0.93 Acres
    Price / SF:
    $80/SF
    Added:
    Apr 29, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for 2304 State Highway 205

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
    Parking features
    Paved or Surfaced, Open
    Patio and Porch features
    Porch, Deck
    Interior features
    Storage
    Exterior features
    Deck, EnclosedPorch, Porch, PrivateYard
    Appliances
    OilWaterHeater
    Standard status
    Active
    APN
    208.03-1-29.00
    Size
    2,475 SF
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3524

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Radiant, Baseboard, Oil
    Water source
    Well

    Building Details

    Year built
    1860
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Vinyl, Tile, Varies, Carpet
    Building materials
    VinylSiding
    Roof type
    Shingle, Asphalt
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Joy Giannicchi
    Joy Giannicchi

    Listing agent Joy Giannicchi License #10401376334

    Listing office Keller Williams Upstate NY Properties 31 Main St, Oneonta, NY

    Listing date Apr 29, 2026

    MLS# R1674866 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.

    Overview

    Multifamily Property in Mount Vision

    Located in the hamlet of Mount Vision, this two-unit multifamily property is set on just under an acre. The downstairs unit includes 2 bedrooms, 1 bathroom, an in-unit laundry room, and an additional bonus room upstairs. The upstairs unit features a living space with 1 bedroom and 1 bathroom and a private entrance. The property is suitable for rental income, multi-generational living, or conversion back to a single-family home. The exterior features an enclosed sunroom and covered porches. The property is surrounded by a level yard with established gardens. It is located 10.5 miles from Cooperstown All Star Village in Oneonta and 15 miles from downtown Cooperstown and Cooperstown Dreams Park, making it a candidate for rental income, especially during baseball season. The property has 2475 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vision
    County
    Otsego
    State
    New York
    Longitude
    -75.056071
    Latitude
    42.574613

    Nearby Similar for Sale

    • $350,000
      1,500 SF

      Mount Vision Land with Mini-Golf

      30.88 acres with store, cafe, and 18-hole mini-golf course.
      1364 County Highway 12, Mount Vision, NY 13810
      View Details
    • $199,600
      2,475 SF

      Versatile Two-Unit Multifamily Property

      Charming two-unit property in Mount Vision, NY.
      2304 State Highway 205, Mount Vision, NY 13810
      View Details
    • $350,000
      1,500 SF

      Country Store with Mini Golf

      Unique business opportunity on 30.88 acres near Gilbert Lake State Park.
      1364 County Highway 12, Mount Vision, NY 13810
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit multifamily property with rental income potential near Cooperstown.
    Where is this duplex located?
    The property is located at 2304 State Highway 205 Mount Vision, NY.
    What is the asking price?
    The asking price for this property is $199,600.
    What are key features of this property?
    This property features: Prime location: Just 10.5 miles to Cooperstown All Star Village and 15 miles to downtown Cooperstown and Cooperstown Dreams Park - ideal for rental income.; Versatile two‑unit multifamily property suitable for rental income, multi‑generational living, or conversion to a single‑family home.; Generous level yard with established gardens, offering ample outdoor space.
    (607) 386-5886
    We can help!
    Listing Contact
    Joy Giannicchi
    Joy Giannicchi
    Real Estate License ID: 10401376334
    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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