Utica Multifamily Property for
For Sale
$395,000
Pending
3 Hopper Street, Utica, NY 13501
Residential, Utica, NY
Property Size4,224 SF
Days on Market402
Property Features for 3 Hopper Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Basement, Bathroom 4, Bathroom 2, Bedroom 5
Interior features
Attic
Appliances
GasWaterHeater
Lot features
Flag Lot, Near Public Transit
Elementary school district
Utica
Middle school district
Utica
High school district
Utica
Subdivision
Utica-City-301600
Standard status
Pending
APN
318.50-2-42
Size
4,224 SF
Taxes and HOA fees
Tax Annual Amount
4568
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Number of units
5
Flooring type
Carpet, Tile, Hardwood, Laminate, Varies
Building materials
Brick, CopperPlumbing, PexPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice · Assist-2-Sell
(315) 735-9244
Listed By:
Alen Zekic · License #10401267029
(315) 570-0148
Added: Sep 9, 2025
Changed: Sep 29
Last Checked: Oct 15 at 8:06PM
MLS# S1636960
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located in Utica, New York. The building has a total area of 4,224 square feet. The property is intended for use as an apartment building or residential income property.
Key Highlights
- Year built: 1950
- Heating: natural gas forced air
- Construction includes brick with copper and PEX plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,163
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,260
$703.3K
Cap Rate 7%
$502,329
$502.3K
Cap Rate 9%
$390,700
$390.7K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$68.4K $16.20/SF
− Vacancy
−$4.5K −$1.06/SF
EGI
$63.9K $15.14/SF
− OpEx
−$28.8K −$6.81/SF
NOI
$35.2K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,260
Cap Rate 7%
$502,329
Cap Rate 9%
$390,700
Alternative Uses
Best Use
Apartment 5plus
$502.3K
$439.5K – $586.1K
NOI $35,163 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$974.0K – $1.30M
NOI $77,918 @ 7.0% cap · market cap 19.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 13501, NY
40,885
Population
17,071
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
4,646
Density / Sq Mi
$49,771
Median Household Income
$33,632
Median Earnings
$865
Median Rent
$136,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Utica, NY, totaling 4,224 square feet.
Where is this apartment building located?
The property is located at 3 Hopper Street Utica, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Year built: 1950; Heating: natural gas forced air; Construction includes brick with copper and PEX plumbing
