2-Unit Duplex with
New
For Sale
$169,900
3 Pine St, Oneonta, NY 13820
The lower residence includes a wood-burning fireplace and a covered porch.
Property Size1,734 SF
Days on Market3
Property Features for 3 Pine St
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
Needs some TLC
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,293
Amenities
wood burning fireplace
covered porch
Building Details
Building Size
1,734 SF
Year Built
1932
Stories
2
Units
2
Listing Agency:
EXIT Realty Homeward Bound
Listed By:
Augustine J. Lampo · License #40LA1085617
(607) 287-0069
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:52AM
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 EXIT Realty Homeward Bound
Investment Insights
Based on property information with market context.
Built in 1932, this duplex contains two apartments. The lower unit has a wood-burning fireplace and covered porch, while the upstairs apartment is already rented. The property needs some repair and updating.
Located at 3 Pine St in Oneonta, the property is close to Main Street and bus routes. Its Walk Score is 90 and Bike Score is 66.
Located at 3 Pine St in Oneonta, the property is close to Main Street and bus routes. Its Walk Score is 90 and Bike Score is 66.
Key Highlights
- Two‑apartment duplex built in 1932
- Lower apartment features a wood‑burning fireplace and covered porch
- Upstairs apartment is already rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,141
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,820
$302.8K
Cap Rate 7%
$216,300
$216.3K
Cap Rate 9%
$168,233
$168.2K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$22.9K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$21.6K $12.47/SF
− OpEx
−$6.5K −$3.74/SF
NOI
$15.1K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,820
Cap Rate 7%
$216,300
Cap Rate 9%
$168,233
Alternative Uses
Best Use
Multifamily LT 5
$216.3K
$189.3K – $252.4K
NOI $15,141 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$201.9K
$176.7K – $235.6K
NOI $14,134 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$478.0K
$418.2K – $557.7K
NOI $33,459 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,053
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The lower residence includes a wood-burning fireplace and a covered porch.
Where is this duplex located?
The property is located at 3 Pine St Oneonta, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑apartment duplex built in 1932; Lower apartment features a wood‑burning fireplace and covered porch; Upstairs apartment is already rented
