Mixed-Use Building with
For Sale
$1,350,000
244-248 Main Street, Oneonta, NY 13820
Two-part property combining residential units with multiple commercial suites in a Main Street building.
Property Size12,636 SF
Price / SF$106.84
Days on Market88
Property Features for 244-248 Main Street
General Information
Standard status
Active
Size
12,636 SF
Additional Details
Road Access
Yes
Multifamily Units
10
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Oneonta Realty, LLC
Listed By:
Lizabeth Rose · License #1049120176
(607) 441-7312
Source:
Nicholcityrealty
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 14 at 10:54PM
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 Oneonta Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 244-248 Main St includes 10 apartments and 4 commercial spaces within a 12,636-square-foot building. Constructed in 1900, the asset combines residential and commercial occupancy in one integrated property.
The building is situated on Main St in Oneonta, NY 13820, providing a traditional street-front setting for its residential and commercial components.
The building is situated on Main St in Oneonta, NY 13820, providing a traditional street-front setting for its residential and commercial components.
Key Highlights
- 10 apartments within the building
- 4 commercial spaces included
- 12,636‑square‑foot mixed‑use property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,021
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,440,420
$2.4M
Cap Rate 7%
$1,743,157
$1.7M
Cap Rate 9%
$1,355,789
$1.4M
Market Conditions
NOI Build-Up for 12,636 SF
Gross rent
$182.0K $14.40/SF
− Vacancy
−$7.6K −$0.60/SF
EGI
$174.3K $13.80/SF
− OpEx
−$52.3K −$4.14/SF
NOI
$122.0K $9.66/SF
Area
Otsego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,440,420
Cap Rate 7%
$1,743,157
Cap Rate 9%
$1,355,789
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.03M
NOI $122,021 @ 7.0% cap · market cap 9.04%
Second Best
Mixed Use
$1.55M
$1.36M – $1.81M
NOI $108,417 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,824 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-part property combining residential units with multiple commercial suites in a Main Street building.
Where is this mixed-use property located?
The property is located at 244-248 Main Street Oneonta, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10 apartments within the building; 4 commercial spaces included; 12,636‑square‑foot mixed‑use property
