Building Details

Year Built 1890

Listing Agency: KW Upstate NY Properties s***@kw.com Show Phone

Listed By: Stefan Marikovics · License #10401283598 Show Phone

Source: Kw

Added: Apr 17 Changed: Aug 11 Last Checked: Aug 11 at 12:46PM

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Investment Insights

Based on property information with market context.

Located at 346 Main Street in Otego, this multifamily property dates to 1890 and features shingle exterior construction. The property includes tenant parking along with three garage spaces that are available for separate rental and are not included in the current income figures.

The property is less than 10 minutes from Downtown Oneonta. Financial performance is reported at a 13% cap rate, providing a measurable income metric for prospective owners evaluating the asset.

Key Highlights

• 13% cap rate
• Three garage spaces available for rent outside current income figures
• Tenant parking included

Property Analytics

Property Profile

Current Use

Kreck Commercial Refrigeration Big Box & Wholesale Store

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Garden Center Dental Office Big Box & Wholesale Store

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

69

Businesses Nearby

Explore this area Business Placement

Demographics for 13825, NY

3,020

Population

1,573

Households

1.9

Avg Household Size

49

Median Age

29%

College-Educated

91%

High-School Grad

56.6 sq mi

ZIP Area

53

Density / Sq Mi

$73,966

Median Household Income

$48,561

Median Earnings

$890

Median Rent

$183,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Income-producing multifamily property with tenant parking and additional garage space.

Where is this multifamily property located?

The property is located at 346 Main Street Otego, NY.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: 13% cap rate; Three garage spaces available for rent outside current income figures; Tenant parking included