Renovated
New
For Sale
$190,000
312 henry st, Rome, NY 13440
Both apartments feature updated building systems, windows, siding, roofing, and appliances.
Property Size1,740 SF
Days on Market5
Property Features for 312 henry st
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,110
Building Details
Building Size
1,740 SF
Year Built
1850
Stories
2
Units
2
Listing Agency:
1ST ROME REALTY
Listed By:
Fred F. Macchia · License #10491207620
(315) 292-0373
Source:
Elliman
Added: Oct 28
Last Checked: Nov 1 at 7:12AM
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 1ST ROME REALTY
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Investment Insights
Based on property information with market context.
This duplex contains two apartments, both of which have been renovated. Improvements include new appliances, siding, roofing, heating units, insulated windows, and electrical systems.
Built in 1850, the property is located at 312 Henry St in Rome, New York. Its Bike Score is 54, rated Bikeable, and its Walk Score is 62, rated Somewhat Walkable.
Built in 1850, the property is located at 312 Henry St in Rome, New York. Its Bike Score is 54, rated Bikeable, and its Walk Score is 62, rated Somewhat Walkable.
Key Highlights
- Both apartments have been renovated
- New appliances, siding, roof, and heating units
- Insulated windows and new electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,760
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,200
$315.2K
Cap Rate 7%
$225,143
$225.1K
Cap Rate 9%
$175,111
$175.1K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$24.0K $13.80/SF
− Vacancy
−$1.5K −$0.86/SF
EGI
$22.5K $12.94/SF
− OpEx
−$6.8K −$3.88/SF
NOI
$15.8K $9.06/SF
Area
Oneida County, NY
Vacancy
6.24%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,200
Cap Rate 7%
$225,143
Cap Rate 9%
$175,111
Alternative Uses
Best Use
Multifamily LT 5
$225.1K
$197.0K – $262.7K
NOI $15,760 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$206.9K
$181.1K – $241.4K
NOI $14,485 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$458.5K
$401.2K – $535.0K
NOI $32,097 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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Business Placement
Demographics for 13440, NY
41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments feature updated building systems, windows, siding, roofing, and appliances.
Where is this duplex located?
The property is located at 312 henry st Rome, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Both apartments have been renovated; New appliances, siding, roof, and heating units; Insulated windows and new electrical systems
