Two-Family Duplex with
For Sale
$299,000
5-7 Washington Street, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size2,392 SF
Lot Size0.08 Acres
Price / SF$125
Days on Market97
Property Features for 5-7 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
On Street
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Subdivision
Oneonta-City-361200
Standard status
Active
APN
288.17-5-12
Size
2,392 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6625
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Hardwood
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 431-2540
Listed By:
Anthony Heath · License #10401359601
(607) 267-3166
Added: Jul 28
Changed: Oct 30
Last Checked: Nov 1 at 10:06PM
MLS# R1701707
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex provides 2,392 square feet of residential space, with three bedrooms in each residence. The property includes a basement and was constructed in 1900 with frame materials. Interior finishes include hardwood and vinyl flooring, with flooring varying by area. Forced-air heating fueled by natural gas serves the building, and public water is available.
The property occupies 0.08 acres at 5-7 Washington Street in Oneonta. It is positioned in the center city area, within blocks of Main Street, and offers on-street parking. Both units are fully rented, providing an occupied residential configuration for a buyer seeking a duplex property with established tenancy.
The property occupies 0.08 acres at 5-7 Washington Street in Oneonta. It is positioned in the center city area, within blocks of Main Street, and offers on-street parking. Both units are fully rented, providing an occupied residential configuration for a buyer seeking a duplex property with established tenancy.
Key Highlights
- Two‑unit duplex with 2,392 square feet of residential space
- Each unit includes 3 bedrooms
- Fully rented property at 5‑7 Washington Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,886
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,720
$417.7K
Cap Rate 7%
$298,371
$298.4K
Cap Rate 9%
$232,067
$232.1K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$31.6K $13.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$29.8K $12.47/SF
− OpEx
−$9.0K −$3.74/SF
NOI
$20.9K $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%
$417,720
Cap Rate 7%
$298,371
Cap Rate 9%
$232,067
Alternative Uses
Best Use
Multifamily LT 5
$298.4K
$261.1K – $348.1K
NOI $20,886 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$278.5K
$243.7K – $325.0K
NOI $19,497 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$659.4K
$577.0K – $769.3K
NOI $46,156 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
928
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three-bedroom layouts, natural-gas heating, and public water service in a central Oneonta setting.
Where is this duplex located?
The property is located at 5-7 Washington Street Oneonta, 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: Two‑unit duplex with 2,392 square feet of residential space; Each unit includes 3 bedrooms; Fully rented property at 5‑7 Washington Street
