Duplex with Heated
For Sale
$249,000
326 Tilden Avenue, Utica, NY 13501
Residential, Utica, NY
Property Size1,856 SF
Lot Size0.21 Acres
Price / SF$134.16
Days on Market106
Property Features for 326 Tilden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 2
Patio and Porch features
Deck
Interior features
CeilingFans
Exterior features
Deck
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Utica
Middle school district
Utica
High school district
Utica
Directions
Off Bleecker St to Tilden Ave.
Subdivision
Utica-City-301600
Standard status
Active
APN
301600-319-064-0001-037-000-0000
Size
1,856 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
2505
Utilities
Heating system
Other (Heating), Natural Gas
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Carpet, Varies
Building materials
AluminumSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Faith Properties · Coldwell Banker Real Estate
(315) 735-2222
Listed By:
Lori DiNardo-Emmerich · License #10401218651
(315) 525-2733
Added: May 15
Changed: Aug 27
Last Checked: Aug 28 at 6:06AM
MLS# S1682190
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 two-family residence in Utica contains 1,856 square feet and provides three bedrooms in each unit, with two bathrooms overall. Separate utilities support independent management, while the interior includes ceiling fans, carpeting and varied flooring, gas water heating, and natural gas heating. A deck adds outdoor space, and the home has aluminum siding, an asphalt roof, and public water service.
The 0.2064-acre parcel includes a two-stall heated garage with loft attic storage, a side carport, a large storage area behind the garage, an oversized shed, and additional military storage units along the fence. Built in 1890, the property offers extensive covered and open-air storage in addition to its duplex configuration.
The 0.2064-acre parcel includes a two-stall heated garage with loft attic storage, a side carport, a large storage area behind the garage, an oversized shed, and additional military storage units along the fence. Built in 1890, the property offers extensive covered and open-air storage in addition to its duplex configuration.
Key Highlights
- Two‑family property with 3 bedrooms in each unit
- 1,856 square feet on a 0.2064‑acre lot
- Separate utilities for the two residential units
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
$16,810
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
6.75%
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%
$336,200
$336.2K
Cap Rate 7%
$240,143
$240.1K
Cap Rate 9%
$186,778
$186.8K
Market Conditions
NOI Build-Up for 1,856 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
$25.6K $13.80/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$24.0K $12.94/SF
− OpEx
−$7.2K −$3.88/SF
NOI
$16.8K $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 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%
$336,200
Cap Rate 7%
$240,143
Cap Rate 9%
$186,778
Alternative Uses
Best Use
Multifamily LT 5
$240.1K
$210.1K – $280.2K
NOI $16,810 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,450 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$489.1K
$428.0K – $570.6K
NOI $34,237 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units are supported by separate utilities and substantial accessory storage.
Where is this duplex located?
The property is located at 326 Tilden Avenue Utica, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑family property with 3 bedrooms in each unit; 1,856 square feet on a 0.2064‑acre lot; Separate utilities for the two residential units
