Updated Triplex with
For Sale
Under Contract
$224,900
30-32 High Street, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size2,066 SF
Lot Size0.19 Acres
Price / SF$108.86
Days on Market99
Property Features for 30-32 High Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 1, Bathroom 4, Bathroom 1
Appliances
ElectricWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Directions
From Chestnut Street take a right onto Church Street. High Street will be in the left and the house will be on the right.
Subdivision
Oneonta-City-361200
Standard status
Active Under Contract
APN
300.5-2-47
Size
2,066 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
5945
Utilities
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Varies, Carpet
Building materials
BlownInInsulation, Frame
Listing Agency:
Bordinger Realty, LLC
(607) 432-9173
Listed By:
Jennifer L. Mickle PSA · License #10301209764
(607) 287-3586
Added: May 25
Changed: Aug 26
Last Checked: Aug 31 at 6:06AM
MLS# R1684195
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 triplex at 30-32 High Street contains 2,066 square feet on a 0.19-acre lot. Built in 1930, the frame property includes three bedrooms, four bathrooms, and a basement. Interior finishes include vinyl and carpet flooring, with baseboard electric heating and an electric water heater. Public water serves the property, and off-street parking is available.
The property is located in Oneonta, near SUNY Oneonta, Hartwick College, downtown restaurants, shopping, and public transportation. Its city setting combines a compact lot with access to nearby educational, retail, dining, and transit resources.
The property is located in Oneonta, near SUNY Oneonta, Hartwick College, downtown restaurants, shopping, and public transportation. Its city setting combines a compact lot with access to nearby educational, retail, dining, and transit resources.
Key Highlights
- Triplex with 2,066 square feet of property size
- 0.19‑acre lot with off‑street parking
- Three bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,040
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$360,800
$360.8K
Cap Rate 7%
$257,714
$257.7K
Cap Rate 9%
$200,444
$200.4K
Market Conditions
NOI Build-Up for 2,066 SF
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.
Gross rent
$27.3K $13.20/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$25.8K $12.47/SF
− OpEx
−$7.7K −$3.74/SF
NOI
$18.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$360,800
Cap Rate 7%
$257,714
Cap Rate 9%
$200,444
Alternative Uses
Best Use
Multifamily LT 5
$257.7K
$225.5K – $300.7K
NOI $18,040 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$240.6K
$210.5K – $280.7K
NOI $16,840 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,866 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
985
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated interiors, off-street parking, and public water service.
Where is this triplex located?
The property is located at 30-32 High Street Oneonta, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Triplex with 2,066 square feet of property size; 0.19‑acre lot with off‑street parking; Three bedrooms and four bathrooms
