Fully Rented Duplex
New
For Sale
$299,000
5-7 Washington Street, Oneonta, NY 13820
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,392 SF
Lot Size0.08 Acres
Price / SF$125
Days on Market5
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
Bedroom 4, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 1
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
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
Varies, Vinyl, 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: Jul 31
Last Checked: Aug 1 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This fully rented two-family duplex is a proven income-producing property. The layout includes bedrooms for each unit, with each side offering 3 bedrooms. Interior finishes include vinyl and hardwood flooring, and the home includes a basement with two bathrooms listed across the overall property.
The building is constructed with frame materials and was built in 1900. Heating is provided by natural gas forced air, and there is a gas water heater. Public water service supports the property, with on-street parking available. The lot size is 0.08 acres, and the property size is 2,392 square feet.
Located in the center city area of Oneonta, the property is described as just blocks from Main Street and positioned in the middle of downtown, supporting a broad tenant base.
The building is constructed with frame materials and was built in 1900. Heating is provided by natural gas forced air, and there is a gas water heater. Public water service supports the property, with on-street parking available. The lot size is 0.08 acres, and the property size is 2,392 square feet.
Located in the center city area of Oneonta, the property is described as just blocks from Main Street and positioned in the middle of downtown, supporting a broad tenant base.
Key Highlights
- Fully rented two‑family duplex income property
- 3 bedrooms per unit
- Built in 1900 with frame construction
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 | $31.6k | $13.20 |
| − Vacancy | −$1.7k | −$0.73 |
| EGI | $29.8k | $12.47 |
| − OpEx | −$9.0k | −$3.74 |
| NOI | $20.9k | $8.73 |
2,392 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,015
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with 3 bedrooms per unit, heated by natural gas forced air and served by public water.
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: Fully rented two‑family duplex income property; 3 bedrooms per unit; Built in 1900 with frame construction
