Two-Unit Residential Income
45 Grove Street Oneonta, NY 13820
New
45 Grove Street, Oneonta, NY, 13820
$249,900
For Sale
$249,900
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,422 SF
Lot Size0.77 Acres
Price / SF$103.18
Days on Market3
Property Features for 45 Grove Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 2, Basement, Bathroom 5, Bathroom 4, Bedroom 3
- Parking features
- Paved or Surfaced, Garage
- Patio and Porch features
- Porch
- Interior features
- CeilingFans
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 300.5-4-48
- Size
- 2,422 SF
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5696
Utilities
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies, Tile, Carpet
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing agency
Oneonta Realty, LLC
(607) 441-7312
Listed by
Christine Keto · License #30KE1019431
(607) 287-8458
Added: Jul 20 Updated: Jul 21 at 5:53PM Checked: Jul 22 at 8:06AM
MLS# R1700205
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.
Investment Insights
Based on property information with market context.
This two-unit apartment building has a first-floor unit with four bedrooms and two bathrooms, an eat-in kitchen, and laundry in the unit. The upstairs unit includes three bedrooms and two bathrooms, with laundry in the unit as well. Both apartments have been updated over the past few years. Separate utilities serve each apartment, and the property also includes off-street parking.
The building is located near downtown, on a bus route, and close to colleges, providing convenient access to everyday destinations.
The property includes a nice front porch and is situated on a 0.77-acre lot.
The building is located near downtown, on a bus route, and close to colleges, providing convenient access to everyday destinations.
The property includes a nice front porch and is situated on a 0.77-acre lot.
Key Highlights
- Two‑unit apartment building with separate utilities for each apartment
- First‑floor unit features 4 bedrooms, 2 baths, eat‑in kitchen, and in‑unit laundry
- Upstairs unit features 3 bedrooms, 2 baths, and in‑unit laundry
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 | $32.0k | $13.20 |
| − Vacancy | −$1.8k | −$0.73 |
| EGI | $30.2k | $12.47 |
| − OpEx | −$9.1k | −$3.74 |
| NOI | $21.1k | $8.73 |
2,422 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit apartment building with separate utilities and off-street parking for each unit.
Where is this duplex located?
The property is located at 45 Grove Street 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: Two‑unit apartment building with separate utilities for each apartment; First‑floor unit features 4 bedrooms, 2 baths, eat‑in kitchen, and in‑unit laundry; Upstairs unit features 3 bedrooms, 2 baths, and in‑unit laundry
