266 Second St, Ilion, NY 13357
- Added:
- May 8, 2026
- Days on Market:
- 55
- Last Refresh:
- Jul 1 at 9:06 am
Property Features for 266 Second St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 119.43-2-20
- Size
- 1,320 SF
Taxes and HOA fees
- Tax Annual Amount
- 3150
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies, Carpet
- Building materials
- CompositeSiding
Listing agent Delbert Ball License #10401246417 (315) 868-3933
Listing office Keller-Williams Mohawk Valley 5701 Enterprise Pkwy, East Syracuse, NY (315) 701-6900
Listing date May 8, 2026
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.
HighLights
- Income‑producing 2‑unit multi‑family with one 2‑bedroom and one 1‑bedroom unit
- About 1,320 SF total living space with 3 bedrooms and 2 bathrooms combined
- Both units are currently fully occupied with no long‑term lease obligations
- Each unit has separate electric and heating systems for independent utility control
- Oversized lot with dedicated parking plus a basement for additional storage or utility space
- Recent exterior improvements: brand‑new front porch and newly constructed rear porch roof
Overview
Local Financial Insights For Apartment 5plus
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 | $19.0k | $14.40 |
| − Vacancy | −$1.5k | −$1.17 |
| EGI | $17.5k | $13.23 |
| − OpEx | −$7.9k | −$5.96 |
| NOI | $9.6k | $7.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ilion
- County
- Herkimer
- State
- New York
- Longitude
- -75.049217
- Latitude
- 43.015672
