Four-Unit Residential Income
34-36 Cliff Street Oneonta, NY 13820
34-36 Cliff Street, Oneonta, NY, 13820
$259,900
Pending
For Sale
$259,900
Pending
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,544 SF
Lot Size0.18 Acres
Days on Market48
Property Features for 34-36 Cliff Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Basement
- Patio and Porch features
- Porch
- Appliances
- ElectricWaterHeater, GasWaterHeater
- Standard status
- Pending
- APN
- 300.5-4-60.00
- Size
- 2,544 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4596
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Varies, Vinyl, Carpet
- Building materials
- BlownInInsulation, Frame
- Roof type
- Rolled Hot Mop, Flat
- Architectural style
- Other
Listing Agency
Benson Agency Real Estate LLC
(607) 432-4391
One Grand Street, Oneonta, NY
Listed by
Rodger B Moran · License #30MO0797197
(607) 287-1559
Added: Jun 3 Updated: Jul 12 at 9:35 am Checked: Jul 20 at 2:06 pm
MLS# R1687927
Listing URL
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 four-unit residential income property features classic front porch lines and provides generous living space across its units. Off-street parking is available for tenants and guests. The tenant pays all utilities, which can simplify monthly operating costs. One-year leases are currently in place.
The property is located in Oneonta, NY, about three blocks to downtown. The listing also notes the possibility of purchasing adjacent options, including a separate four-family building next door at 38–40 Cliff Street.
For the current income and expense figures provided, total rents are listed at $37,200 annually. Reported expenses include taxes of $4,596, water/sewer of $700, insurance of $1,700, trash of $1,200, snow of $375, and maintenance and vacancy estimated at 5% of gross ($2,600). Total expenses are shown as $11,171, resulting in NOI of $26,029. Mortgage cost is presented using a $259,900 price and 20% down, with a 20-year amortization at 6.25%, for a net income of $7,429 and a cited return on investment of 14.2% based on the down payment amount.
The property is located in Oneonta, NY, about three blocks to downtown. The listing also notes the possibility of purchasing adjacent options, including a separate four-family building next door at 38–40 Cliff Street.
For the current income and expense figures provided, total rents are listed at $37,200 annually. Reported expenses include taxes of $4,596, water/sewer of $700, insurance of $1,700, trash of $1,200, snow of $375, and maintenance and vacancy estimated at 5% of gross ($2,600). Total expenses are shown as $11,171, resulting in NOI of $26,029. Mortgage cost is presented using a $259,900 price and 20% down, with a 20-year amortization at 6.25%, for a net income of $7,429 and a cited return on investment of 14.2% based on the down payment amount.
Key Highlights
- 4‑unit investment property built in 1900 with frame construction
- Total rents of $37,200 annually; one‑year leases in place
- Tenants pay all utilities
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $13.20 |
| − Vacancy | −$1.8k | −$0.73 |
| EGI | $31.7k | $12.47 |
| − OpEx | −$9.5k | −$3.74 |
| NOI | $22.2k | $8.73 |
2,544 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.3K
$277.7K – $370.2K
NOI $22,214 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,736 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$701.3K
$613.6K – $818.2K
NOI $49,089 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit investment property with off-street parking and tenant-paid utilities, with one-year leases in place.
Where is this quadplex located?
The property is located at 34-36 Cliff Street Oneonta, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 4‑unit investment property built in 1900 with frame construction; Total rents of $37,200 annually; one‑year leases in place; Tenants pay all utilities
