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    Mixed-Use Property in Oneonta, NY Title is generated by Realmo AI

    432-434 Main Street, Oneonta, NY 13820

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    Pending
    $289,900

    MULTI_FAMILY - Other - Oneonta, NY

    Property size:
    2,837 SF
    Lot size:
    0.40 Acres
    Added:
    Jun 4, 2025
    Days on Market:
    349
    Last Refresh:
    May 18 at 8:06 am

    Property Features for 432-434 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2
    Fireplace
    1
    Accessibility
    Accessible Approach with Ramp
    Appliances
    ElectricWaterHeater, GasWaterHeater
    Standard status
    Pending
    APN
    288.19-1-75.00
    Size
    2,837 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9487

    Utilities

    Heating system
    Forced Air, Natural Gas, Baseboard, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1883
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Varies
    Building materials
    Frame, VinylSiding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Rodger B Moran

    Listing agent Rodger B Moran License #30MO0797197

    Listing office Benson Agency Real Estate LLC One Grand Street, Oneonta, NY

    Listing date Jun 4, 2025

    MLS# R1613072 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

    • Mixed Use‑2 Zoning allows for short‑term occupancy (e.g., Airbnb).
    • Ideal center‑city location on a highly visible corner lot with plenty of parking.
    • Potential for owner‑occupancy with single‑level living and income from second‑floor rental.
    • Two separate living spaces: First floor with 4 bedrooms and 1.5 baths; Second floor with 2 bedrooms and 1 full bath.
    • Multiple heating and cooling systems: Forced Air, Electric, Baseboard, Natural Gas heating and Central Air cooling.
    • Fireplace included.

    Overview

    This mixed-use property is located in a center-city location in Oneonta, NY, and features Mixed Use-2 Zoning, which allows for short-term occupancy. The first floor includes a living room, kitchen, four bedrooms, and one and a half bathrooms. The second floor has a living room, kitchen, two bedrooms, and a full bathroom. The property offers potential for owner-occupancy with single-level living, supplemented by income from short or long-term rentals on the second floor. Alternatively, the entire building can be leased for either short-term or long-term rentals. The property is situated on a corner lot with parking and has high visibility. The building has a size of 2837 square feet and the lot size is 0.4 acres.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $275.2K
    NOI $24,772 @ 9.00% cap · cautious / downside scenario
    Moderate
    $353.9K
    NOI $24,772 @ 7.00% cap · market / base-case scenario
    Aggressive
    $495.4K
    NOI $24,772 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $37.4k $13.20
    − Vacancy −$2.1k −$0.73
    EGI $35.4k $12.47
    − OpEx −$10.6k −$3.74
    NOI $24.8k $8.73
    2,837 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $353.9K
    $309.7K – $412.9K (±1% cap)
    NOI $24,772 @ 7.0% cap · market cap 8.55%
    Second Best
    Mixed Use
    $347.7K
    $304.3K – $405.7K (±1% cap)
    NOI $24,341 @ 7.0% cap · market cap 8.40%
    Theoretical Best
    Office A
    $782.0K
    $684.3K – $912.4K (±1% cap)
    NOI $54,743 @ 7.0% cap · market cap 18.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.050186
    Latitude
    42.458148

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with flexible zoning and income potential in Oneonta.
    Where is this mixed-use property located?
    The property is located at 432-434 Main Street Oneonta, NY.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Mixed Use‑2 Zoning allows for short‑term occupancy (e.g., Airbnb).; Ideal center‑city location on a highly visible corner lot with plenty of parking.; Potential for owner‑occupancy with single‑level living and income from second‑floor rental.
    (607) 287-1559
    We can help!
    Listing Contact
    Rodger B Moran
    Real Estate License ID: 30MO0797197
    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.

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