Three-Unit Multifamily
For Sale
$455,000
36 Acre Place, Kirkwood, NY 13904
MultiFamily, Three Family, KIRKWOOD, NY
Property Size2,856 SF
Lot Size1.00 Acre
Price / SF$159.31
Days on Market150
Property Features for 36 Acre Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 5, Bedroom 2, Bathroom 4, Basement
Parking features
Heated, Open, Garage
Patio and Porch features
Patio, Porch
Exterior features
COVERED PATIO, COVERED PORCH, INSULATED WINDOWS, LANDSCAPED, OPEN PATIO, TREES
Appliances
DISHWASHER, RANGE/STOVE, REFRIGERATOR
Lot features
F E N C E D Y A R D, G A R D E N S, G E N E R A L L Y L E V E L
Elementary school
Floyd Bell
Elementary school district
Windsor
Middle school district
Windsor
High school district
Windsor
Directions
Upper court to Acre Place
Subdivision
Area 02
Standard status
Active
APN
033400-162-005-0001-017-000-0000
Size
2,856 SF
Lot size
1.00 Acre
Utilities
Heating system
Hot Water(Heating), Baseboard, Radiant, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2010
Number of units
3
Flooring type
Hardwood
Building materials
Vinyl
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
John J. Burns Jr
(607) 725-2122
Added: May 11
Changed: Sep 14
Last Checked: Oct 7 at 2:06PM
MLS# 335845
Copyright © 2026 Greater Binghamton Association of Realtor. 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 multifamily property includes three units across two buildings on a single deed. The newer single-family residence has a two-car garage, second-level living space, central air conditioning, and radiant heat in the concrete floors. The second building is a renovated two-family structure with modern apartments, paved parking, and access to a fenced backyard with landscaped grounds, fruit trees, blueberries, raspberries, and a concrete patio.
The property covers 1 acre and contains 2,856 square feet. Built in 2010, it has R2 zoning, public water, vinyl construction, hardwood flooring, and a mix of baseboard, hot-water, forced-air, and radiant heating systems. Covered porch and patio areas, insulated windows, a heated garage, and open parking add to the physical improvements. The location provides access to I-81 and Route 17 and is within the Windsor school district.
The property covers 1 acre and contains 2,856 square feet. Built in 2010, it has R2 zoning, public water, vinyl construction, hardwood flooring, and a mix of baseboard, hot-water, forced-air, and radiant heating systems. Covered porch and patio areas, insulated windows, a heated garage, and open parking add to the physical improvements. The location provides access to I-81 and Route 17 and is within the Windsor school district.
Key Highlights
- Three units in two buildings on one deed
- 2,856 square feet across a 1‑acre property
- Renovated two‑family building plus newer single‑family residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,793
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,860
$475.9K
Cap Rate 7%
$339,900
$339.9K
Cap Rate 9%
$264,367
$264.4K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$46.3K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$43.3K $15.15/SF
− OpEx
−$19.5K −$6.82/SF
NOI
$23.8K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,860
Cap Rate 7%
$339,900
Cap Rate 9%
$264,367
Alternative Uses
Best Use
Apartment 5plus
$339.9K
$297.4K – $396.6K
NOI $23,793 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.5K
$620.0K – $826.6K
NOI $49,598 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 13904, NY
9,236
Population
3,962
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
81%
High-School Grad
23.7 sq mi
ZIP Area
390
Density / Sq Mi
$56,794
Median Household Income
$36,038
Median Earnings
$884
Median Rent
$111,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-building configuration combines a newer single-family residence with a renovated two-family building on one deed.
Where is this multifamily property located?
The property is located at 36 Acre Place Kirkwood, NY.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Three units in two buildings on one deed; 2,856 square feet across a 1‑acre property; Renovated two‑family building plus newer single‑family residence
