Two-Unit Duplex with Updated
25 Burnside Ave 23, Oneonta, NY 13820
For Sale
New
$269,000
Separate kitchens, full baths, and basement storage give each residence its own practical layout.
Property Size2,928 SF
Days on Market4
Property Features for 25 Burnside Ave 23
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:
Howard Hanna
Listed By:
Michelle Collins
(607) 222-2647
Source:
Elliman
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 9:03AM
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 Howard Hanna
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two residences, each with a full kitchen, living area, full bathroom, and basement storage with washer and dryer hookups. The 23 Burnside unit has more than three bedrooms, a bonus room connected to the living room, and an open wooden staircase. The 25 Burnside unit includes an eat-in nook, a mudroom, and three upstairs bedrooms with closets. Both units are vacant. Recent work includes interior painting and window replacement; the roof was redone approximately five years ago.
The property is in Oneonta, within walking distance of River Street School, local dining, and downtown. Its two distinct living spaces are suitable for separate occupancy, with each unit offering its own kitchen and basement storage.
The property is in Oneonta, within walking distance of River Street School, local dining, and downtown. Its two distinct living spaces are suitable for separate occupancy, with each unit offering its own kitchen and basement storage.
Key Highlights
- Two residences; both units are currently vacant
- 23 Burnside unit has 3+ bedrooms; 25 Burnside unit has three bedrooms
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,866
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,320
$477.3K
Cap Rate 7%
$340,943
$340.9K
Cap Rate 9%
$265,178
$265.2K
Market Conditions
NOI Build-Up for 2,928 SF
Gross rent
$45.7K $15.60/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$43.4K $14.82/SF
− OpEx
−$19.5K −$6.67/SF
NOI
$23.9K $8.15/SF
Area
Otsego County, NY
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,320
Cap Rate 7%
$340,943
Cap Rate 9%
$265,178
Alternative Uses
Best Use
Multifamily LT 5
$365.2K
$319.6K – $426.1K
NOI $25,567 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$340.9K
$298.3K – $397.8K
NOI $23,866 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$807.1K
$706.2K – $941.7K
NOI $56,499 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
403
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
$176,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Oneonta, NY
Properties on Market for Duplexes in Oneonta
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens, full baths, and basement storage give each residence its own practical layout.
Where is this duplex located?
The property is located at 25 Burnside Ave 23 Oneonta, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two residences; both units are currently vacant; 23 Burnside unit has 3+ bedrooms; 25 Burnside unit has three bedrooms; Built in 1900
