Updated Two-Unit
For Sale
$195,900
Pending
50 Fairview St, Oneonta, NY 13820
Fully occupied duplex with refreshed building systems, separate electric service, and two mirrored residential apartments.
Property Size2,124 SF
Days on Market55
Property Features for 50 Fairview St
General Information
Standard status
Pending
Size
2,124 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,654
Building Details
Building Size
2,124 SF
Year Built
1900
Buildings
1
Stories
2
Units
2
Listing Agency:
Howard Hanna
Listed By:
Kathleen F. Jalowiec-Stanton
(607) 287-7612
Source:
Elliman
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 26 at 4:31PM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This two-unit residential property contains a pair of matching apartments, each with two bedrooms and one bathroom. The first-floor residence includes refinished hardwood flooring in the dining room, while the upper unit is served by gas boiler and hot-water baseboard heat; the lower unit has gas forced hot air. Both apartments are currently leased, with terms structured for continued occupancy or release following 90 days’ notice.
Recent work includes a rubber membrane roof, gutters, exterior paint, porches, decking, stairs, vinyl windows, a furnace, and a water heater. The property also has newer PVC sewer lines and separate electric service for each apartment. Built in 1900, the building combines updated mechanical and exterior components with a traditional apartment-house layout.
Recent work includes a rubber membrane roof, gutters, exterior paint, porches, decking, stairs, vinyl windows, a furnace, and a water heater. The property also has newer PVC sewer lines and separate electric service for each apartment. Built in 1900, the building combines updated mechanical and exterior components with a traditional apartment-house layout.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Fully rented with long‑term leases or 90‑day notice of release
- Rubber membrane roof, updated gutters, vinyl windows, porches, decking, and stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,313
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,260
$346.3K
Cap Rate 7%
$247,329
$247.3K
Cap Rate 9%
$192,367
$192.4K
Market Conditions
NOI Build-Up for 2,124 SF
Gross rent
$33.1K $15.60/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$31.5K $14.82/SF
− OpEx
−$14.2K −$6.67/SF
NOI
$17.3K $8.15/SF
Area
Otsego County, NY
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,260
Cap Rate 7%
$247,329
Cap Rate 9%
$192,367
Alternative Uses
Best Use
Multifamily LT 5
$264.9K
$231.8K – $309.1K
NOI $18,546 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$247.3K
$216.4K – $288.6K
NOI $17,313 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$585.5K
$512.3K – $683.1K
NOI $40,985 @ 7.0% cap · market cap 20.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
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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 - Fully occupied duplex with refreshed building systems, separate electric service, and two mirrored residential apartments.
Where is this duplex located?
The property is located at 50 Fairview St Oneonta, NY.
What is the asking price?
The asking price for this property is $195,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Fully rented with long‑term leases or 90‑day notice of release; Rubber membrane roof, updated gutters, vinyl windows, porches, decking, and stairs
