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    312 Midland Road Vestal, NY 13850

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    Claim this Listing
    For Sale
    $162,500

    MULTI_FAMILY - VESTAL, NY

    Property size:
    1,612 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $100/SF
    Added:
    Dec 22, 2025
    Days on Market:
    136
    Last Refresh:
    May 7 at 4:06 pm

    Property Features for 312 Midland Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    220
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
    Parking features
    Garage
    Patio and Porch features
    Porch
    Exterior features
    COVERED PORCH
    Appliances
    DRYER, RANGE/STOVE, REFRIGERATOR, WASHER
    Standard status
    Active
    APN
    034800-172-078-0002-011-000-0000
    Size
    1,612 SF
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Radiant, Forced Air
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Aluminum

    We can help!

    Listing Contact
    Jessica L. Dillenbeck
    Jessica L. Dillenbeck

    Listing agent Jessica L. Dillenbeck

    Listing office JESSICA DILLENBECK REAL ESTATE LLC 1641 State Route 12, Binghamton, NY

    Listing date Dec 22, 2025

    MLS# 334114 Listing URL

    Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑unit ranch home adaptable as single‑family residence or income property.
    • Updated with replacement windows, new carpet, and modern bathrooms.
    • Features hardwood floors, ample cabinet space in both kitchens, and laundry hookups.
    • Includes a fenced lawn and detached garage on a property just under 1/2 acre.
    • One‑level living with walk‑up attic for potential bonus space or storage.
    • Main unit has forced hot air heat.

    Overview

    Vestal Ranch Style Two-Unit Home

    Located in Vestal, NY, this ranch-style home is configured as a two-unit dwelling on a lot that is just under one-half acre. The property includes a fenced lawn and a detached garage. The property is currently coded as a two-unit dwelling, but it could be used as a single-unit home. The main house has forced hot air heat, while the second unit has electric heat. Replacement windows have been installed, along with new carpet and hardwood floors. The property offers one level of living, with a walk-up attic that could potentially be used as bonus space or for storage. Both kitchens have a large number of cabinets. The full baths are modern and updated. The main unit has laundry in the kitchen, and the second unit has laundry hookups in the full bath. Both units have access to the level back lawn. The property contains 1612 square feet and is being sold in as-is condition. The property is zoned 220.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office Auto Repair Shop Pharmacy Accounting Firm Kitchen & Bath Showroom Bar & Pub Grocery & Convenience Store Computer & Electronic Repair Electrical Service Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vestal
    County
    Broome
    State
    New York
    Longitude
    -76.103691
    Latitude
    42.064914

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    FAQs

    What type of property is this?
    Duplex - Two-unit ranch home in Vestal, NY, with detached garage.
    Where is this duplex located?
    The property is located at 312 Midland Road Vestal, NY.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: Two‑unit ranch home adaptable as single‑family residence or income property.; Updated with replacement windows, new carpet, and modern bathrooms.; Features hardwood floors, ample cabinet space in both kitchens, and laundry hookups.
    (607) 343-8486
    We can help!
    Listing Contact
    Jessica L. Dillenbeck
    Jessica L. Dillenbeck
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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