Utica Multifamily Property for
3 Hopper Street Utica, NY 13501
3 Hopper Street, Utica, NY, 13501
$395,000
Pending
For Sale
$395,000
Pending
MULTI_FAMILY - Other - Utica, NY
Property Size4,224 SF
Days on Market312
Property Features for 3 Hopper Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 6, Basement, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- Interior features
- Attic
- Appliances
- GasWaterHeater
- 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
- Tile, Varies, Laminate, Carpet, Hardwood
- Building materials
- Brick, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Assist2Sell Buyers & Sellers 1st Choice
(315) 735-9244
2704 Genesee St, Utica, NY
Listed by
Alen Zekic · License #10401267029
(315) 570-0148
Added: Sep 9, 2025 Checked: Jul 17 at 5:06 am
MLS# S1636960
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.
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
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 | $68.4k | $16.20 |
| − Vacancy | −$4.5k | −$1.06 |
| EGI | $63.9k | $15.14 |
| − OpEx | −$28.8k | −$6.81 |
| NOI | $35.2k | $8.32 |
4,224 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cancilla Michael J
Law Firm
Murphy Law Office
Law Firm
Donald J. Murphy, ...
Law Firm
Joann Longo Realty
Real Estate Agency
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FAQs
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
