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34 Pine Street, Oneonta, NY, 13820
Duplex with Garage Income

34 Pine Street Oneonta, NY 13820

For Sale
$215,000

MULTI_FAMILY - Oneonta, NY

Property Size1,720 SF
Price / SF$125
Days on Market118

Property Features for 34 Pine Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Rooms
Basement, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 6
Parking features
Garage
Appliances
WaterHeater
Standard status
Active
APN
288.18-5-47
Size
1,720 SF

Taxes and HOA fees

Tax Annual Amount
2531

Utilities

Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies
Building materials
VinylSiding
Listing Agency: River Hills Properties LLC Lf
Listed By: Brandon Mosher · License #10301224028
Added: Mar 30 Changed: Jul 24 Last Checked: Jul 25 at 6:06PM
MLS# S1669912

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.

34 Pine Street is an income-producing two-family duplex featuring one 3-bedroom unit and one 2-bedroom unit. Each unit has separate utilities, and the owner is responsible only for water and sewer. The property also includes a garage that is currently rented long-term for tool storage, providing supplemental income.

This sale is being offered as part of a three-property investment package that must be sold together. In addition to 34 Pine Street, the package includes 14-16 Otsego Street and 1-3 Birch Street, bringing the total to six units across the three properties.

According to the provided information, 34 Pine Street has a current annual NOI of $15,575. The portfolio’s total annual NOI is listed as $49,500, and the offering is described with a 7.125% cap rate.

Key Highlights

  • 34 Pine Street is a duplex with one 3‑bedroom unit and one 2‑bedroom unit.
  • Both units have separate utilities; the owner is responsible only for water and sewer.
  • Garage on‑site is currently rented long‑term for tool storage for additional revenue.

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 $22.7k $13.20
− Vacancy −$1.2k −$0.73
EGI $21.5k $12.47
− OpEx −$6.4k −$3.74
NOI $15.0k $8.73
1,720 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$214.6K
$187.7K – $250.3K (±1% cap)
NOI $15,019 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$200.3K
$175.3K – $233.7K (±1% cap)
NOI $14,020 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$474.1K
$414.9K – $553.2K (±1% cap)
NOI $33,189 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Electrical Service Bakery (Bike/Boat/Book/etc) Store Daycare Center Catering Service Home Appliance Store Veterinary Clinic Garden Center Tanning Salon (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Two-family duplex with separate utilities for each unit and an additional long-term garage rental for tool storage.
Where is this duplex located?
The property is located at 34 Pine Street Oneonta, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 34 Pine Street is a duplex with one 3‑bedroom unit and one 2‑bedroom unit.; Both units have separate utilities; the owner is responsible only for water and sewer.; Garage on‑site is currently rented long‑term for tool storage for additional revenue.
More about this property
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