Updated Two-Unit Apartment
For Sale
$249,900
45 Grove St, Oneonta, NY 13820
Updated apartments feature separate utilities, in-unit laundry, and off-street parking.
Property Size2,422 SF
Price / SF$103.18
Days on Market69
Property Features for 45 Grove St
General Information
Standard status
Active
Size
2,422 SF
Property subtype
Multi-Family
Units
Unit Mix
4BR/2BA, 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
off street parking
front porch
laundry in unit
Building Details
Year Built
1900
Listing Agency:
Oneonta Realty, LLC
Listed By:
Christine Keto · License #30KE1019431
(607) 287-8458
Source:
Skinnercnyrealty
Added: Aug 9
Changed: Oct 8
Last Checked: Oct 7 at 4:58PM
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 Oneonta Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,422-square-foot duplex contains two apartments with distinct layouts. The first-floor unit offers four bedrooms, two bathrooms, an eat-in kitchen, and in-unit laundry. The upper apartment includes three bedrooms, two bathrooms, and its own laundry area. Both units have received updates over the past few years.
Separate utility services serve each apartment. The property also provides off-street parking and a front porch. Built in 1900, the building is located at 45 Grove St in Oneonta, near downtown, a bus route, and colleges.
Separate utility services serve each apartment. The property also provides off-street parking and a front porch. Built in 1900, the building is located at 45 Grove St in Oneonta, near downtown, a bus route, and colleges.
Key Highlights
- 2,422‑square‑foot duplex with two apartment units
- First‑floor apartment has 4 bedrooms and 2 baths
- Upstairs apartment has 3 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,148
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,960
$423.0K
Cap Rate 7%
$302,114
$302.1K
Cap Rate 9%
$234,978
$235.0K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$32.0K $13.20/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$30.2K $12.47/SF
− OpEx
−$9.1K −$3.74/SF
NOI
$21.1K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,960
Cap Rate 7%
$302,114
Cap Rate 9%
$234,978
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.4K – $352.5K
NOI $21,148 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$282.0K
$246.8K – $329.0K
NOI $19,742 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$667.6K
$584.2K – $778.9K
NOI $46,735 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated apartments feature separate utilities, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 45 Grove St Oneonta, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,422‑square‑foot duplex with two apartment units; First‑floor apartment has 4 bedrooms and 2 baths; Upstairs apartment has 3 bedrooms and 2 baths
