38-40 Cliff St, Oneonta, NY 13820
- Added:
- Jun 5, 2026
- Days on Market:
- 31
- Last Refresh:
- Jul 5 at 2:06 am
Property Features for 38-40 Cliff St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Standard status
- Active Under Contract
- 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
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent Rodger B Moran License #30MO0797197 (607) 432-4391
Listing office BENSON AGENCY REAL ESTATE LLC 1 GRAND ST, ONEONTA, NY (607) 432-4391
Listing date Jun 5, 2026
Copyright © 2026 My State MLS. 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 3,100 sqft of living space
- Unit mix: two 3‑bedroom and two 2‑bedroom units; all units include dishwashers
- Completely gutted in the '90s with electrical, plumbing, and wiring completed at that time
- Separate utilities; coin‑op laundry in the basement and ample rear tenant parking
- Heating: forced air natural gas; roof: asphalt; exterior: vinyl siding
- Per remarks: gross income $51,600 annually; NOI $35,429; one‑year leases in place
Overview
The property is located in Oneonta, New York, just minutes to downtown and city bus lines, supporting everyday tenant access. The listing notes the asset may also be purchased together with the neighboring four-family at 34-36 Cliff St (MLS R1687927).
From an occupancy standpoint, the home is currently described as having one-year leases in place. The configuration of two larger and two smaller units can appeal to tenants seeking different bedroom counts within the same building. A full review of the provided income and expense details is available for qualified buyers who want to assess performance based on the figures included in the listing materials.
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
- -75.067587
- Latitude
- 42.452424
