38-40 Cliff St, Oneonta, NY 13820
Well-maintained four-unit setup with separate utilities, rear parking, and coin-op laundry serving ten total bedrooms.
- Added:
- Jun 15, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 17 at 2:22 am
Property Features for 38-40 Cliff St
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agent Rodger B Moran License #30MO0797197 (607) 287-1559
Listing office BENSON AGENCY REAL ESTATE LLC (607) 287-1559
Listing date Jun 15, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BENSON AGENCY REAL ESTATE LLC
HighLights
- 10‑bedroom, 4‑family home with 3BR/3BR and 2BR/2BR unit mix, total approx. 3,100 SF
- Separate utilities for the 4 units, plus ample rear parking area for tenants
- Each unit has outdoor space: enclosed front porch for all tenants and multiple rear entry/deck options
- Coin‑op laundry in the basement; all units equipped with dishwashers
- Completely gutted in the 1990s with electrical, plumbing, and wiring completed at that time
- Stated financials: income $51,600/yr; NOI $35,429 with one‑year leases in place
Overview
The building is just minutes to downtown and city bus lines, with walkability rated at 78 and bikeability rated at 60. Utilities are separate, and the configuration is designed to keep day-to-day tenant operations independent.
For buyers or operators, this asset is well suited to a residential income strategy that values separate utilities, dedicated exterior entries, and on-site laundry. With one-year leases already in place, it can support an immediate transition while continuing to provide tenants with practical, in-building amenities such as dishwashers and coin-op laundry.
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 | $40.9k | $13.20 |
| − Vacancy | −$2.3k | −$0.73 |
| EGI | $38.7k | $12.47 |
| − OpEx | −$11.6k | −$3.74 |
| NOI | $27.1k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.067747
- Latitude
- 42.4524199
