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East Utica Apartment Building
For Sale
$129,900

314 Nichols Street, Utica, NY 13501

Six-unit apartment building in East Utica with recent upgrades.

Property Size4,734 SF
Price / SF$27.44
Days on Market237

Property Features for 314 Nichols Street

General Information

Standard status Active
Size 4,734 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $4,070

Amenities

Other, See Remarks
See Remarks, Water Heater
Yes
4734.0
No
Full
6
Membrane, Rubber, Rolled Hot Mop
Vinyl Siding

Building Details

Year Built 1950
Stories 3
Listing Agency: Assist2Sell Buyers & Sellers 1st Choice
Listed By: Alen Zekic · License #10401267029
Source: Compass
Added: Jan 3 Changed: Aug 8 Last Checked: Aug 8 at 12:48PM

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 Assist2Sell Buyers & Sellers 1st Choice

Investment Insights

Based on property information with market context.

This East Utica apartment building offers over 4,000 square feet of living space. The property features six apartments, each with two bedrooms. Recent improvements include a newer roof and new windows. The property is being sold in as-is condition.

Key Highlights

  • Six 2‑bedroom apartments offer immediate rental income potential.
  • Newer roof provides long‑term cost savings and reduces maintenance concerns.
  • New windows enhance energy efficiency and improve tenant comfort.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

Demographics for 13501, NY

40,885
Population
17,071
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
4,646
Density / Sq Mi
$49,771
Median Household Income
$33,632
Median Earnings
$865
Median Rent
$136,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit apartment building in East Utica with recent upgrades.
Where is this apartment building located?
The property is located at 314 Nichols Street Utica, NY.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Six 2‑bedroom apartments offer immediate rental income potential.; Newer roof provides long‑term cost savings and reduces maintenance concerns.; New windows enhance energy efficiency and improve tenant comfort.
More about this property
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