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    Historical Harford Multifamily Investment Opportunity Title is generated by Realmo AI

    380 Rt-38, Harford, NY 13784

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    Claim this Listing
    New
    For Sale
    $299,000

    MULTI_FAMILY - Other - Harford, NY

    Property size:
    2,864 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $104/SF
    Added:
    May 25, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for 380 Rt-38

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bathroom 5, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 3, Basement, Bathroom 3
    Parking features
    Garage
    Window features
    Drapes
    Patio and Porch features
    Deck
    Interior features
    CeilingFans, NaturalWoodwork, WindowTreatments
    Exterior features
    Deck, FullyFenced, PlayStructure, PropaneTankLeased
    Fencing
    Fenced
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    112800-162-011-0002-011-000-0000
    Size
    2,864 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    7974

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Natural Gas, Forced Air, Electric (Heating), Heat Pump (Heating), Hot Water(Heating), Baseboard
    Cooling system
    Heat Pump
    Water source
    Spring, Well

    Building Details

    Year built
    1820
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Hardwood, Varies, Vinyl
    Building materials
    Frame, CopperPlumbing, PexPlumbing
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Pamela Williams

    Listing agent Pamela Williams License #10401314208

    Listing office Yaman Real Estate 185 Clinton Ave., Cortland, NY

    Listing date May 25, 2026

    MLS# S1675418 Listing URL

    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

    • Historical Federal home built in the 1820s with original woodwork details.
    • Configured as three separate living spaces, offering income potential or multi‑generational living options.
    • Large, fully fenced backyard and a 2‑car detached garage with workshop space.
    • Includes a grand ballroom (24x32) with historical significance.
    • Located on 1 acre with well and septic, close to Route 81 for easy access to Syracuse and Binghamton.
    • Multiple heating and cooling systems including propane, natural gas, forced air, electric, and heat pump.

    Overview

    This historical property, located in Harford, NY, presents a unique investment opportunity. The center hall Federal home, dating back to the 1820s, retains many original woodwork details, including hand-hewn doors, hardware, wide plank floors, and wood siding. Currently configured into three separate living spaces, the property offers income potential. The south end unit features a 4-5 bedroom apartment with 2.5 baths, a formal entry with a cherry handrail on the main staircase, large rooms with tall ceilings, a dining room, living room, country kitchen with laundry, and 3-4 bedrooms on the second floor. The center unit, accessed from the back porch, is a one-bedroom, one-bath apartment with a main-level kitchen/dining area and a second-floor living room, bedroom, and bath, with access to the grand ballroom. The north side unit, formerly a bakery/cafe, also has access to the 24x32 grand ballroom on the second floor. This unit has been used as personal living space, with one bedroom and bath. The property includes a large, fully fenced backyard off the shared full back porch, a two-car detached garage with workshop space, and plenty of open parking. Situated on 1 acre with well and septic, the property is close to 81, providing access to Syracuse and Binghamton. The property is suitable as a rental property or Airbnb.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Harford
    County
    Tioga
    State
    New York
    Longitude
    -76.228374
    Latitude
    42.426408

    FAQs

    What type of property is this?
    Multifamily property - Historical multifamily property with income potential and unique architectural details.
    Where is this multifamily property located?
    The property is located at 380 Rt-38 Harford, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Historical Federal home built in the 1820s with original woodwork details.; Configured as three separate living spaces, offering income potential or multi‑generational living options.; Large, fully fenced backyard and a 2‑car detached garage with workshop space.
    (607) 745-3731
    We can help!
    Listing Contact
    Pamela Williams
    Real Estate License ID: 10401314208
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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