38-40 Cliff Street, Oneonta, NY 13820
MULTI_FAMILY - Other - Oneonta, NY
- Added:
- Jun 3, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 5 at 2:06 am
Property Features for 38-40 Cliff Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 8, Bedroom 1, Bathroom 1, Basement, Bedroom 9, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 10
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 300.5-4-59.00
- Size
- 3,104 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5946
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, Carpet, Vinyl
- Building materials
- Frame, VinylSiding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Rodger B Moran License #30MO0797197 (607) 287-1559
Listing office Benson Agency Real Estate LLC One Grand Street, Oneonta, NY (607) 432-4391
Listing date Jun 3, 2026
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.
HighLights
- 10‑bedroom 4‑family home with 2 three‑bedroom units and 2 two‑bedroom units
- Approx. 3,100 SF home with separate utilities and ample rear parking for tenants
- Rear deck (2nd floor) for both 2nd‑floor tenants plus separate rear entry decks for each first‑floor tenant
- Basement includes coin‑op laundry; all units have dishwashers
- Utilities and systems updated after a complete gut renovation in the 1990s (electrical, plumbing, and wiring)
- For 38–40 Cliff St: $51,600 annual income and $35,429 NOI (expenses total $16,171)
Overview
The property is located at 38-40 Cliff Street in Oneonta, NY. The listing notes it may be purchased together with the home next door at 34-36 Cliff Street, which is a four-family property referenced as MLS R1687927. The home is described as minutes to downtown and city bus lines.
For investors or owner-operators seeking a straightforward multi-unit setup, this property offers a mix of unit sizes, separated utility responsibility, and on-site laundry. Reported financials for 38-40 Cliff Street include income of $51,600 annually, total expenses of $16,171, and NOI of $35,429. The listing also includes mortgage expense assumptions and a stated net income figure based on the example terms provided.
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 | $41.0k | $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
- -75.067598
- Latitude
- 42.452493
