2-Unit Duplex with Attached
For Sale
$224,500
502 Gansvoort Street, Fulton, NY 13069
The 3-bedroom residence pairs with a separate 2-bedroom unit, each served by its own utilities.
Property Size2,292 SF
Price / SF$97.95
Days on Market36
Property Features for 502 Gansvoort Street
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,438
Amenities
Ceiling Fan(s)
Building Details
Building Size
2,292 SF
Year Built
1880
Buildings
1
Stories
2
Units
2
Tenancy
Single
Listing Agency:
Century 21 Leah's Signature
Listed By:
Patrick D Haggerty · License #10301221169
(315) 652-1165
Source:
Gentryrealtyproperties
Added: Sep 19
Changed: Oct 23
Last Checked: Oct 23 at 2:13PM
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 Century 21 Leah's Signature
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Investment Insights
Based on property information with market context.
Built in 1880, this 2,292-square-foot duplex contains two residences: a 3-bedroom unit and a 2-bedroom unit. The larger unit has an attached garage and an open first-floor arrangement connecting the kitchen, dining area, and living room. The second residence offers single-level living with a living room.
Separate utilities serve the units. The property occupies a corner lot, with parking available from each adjoining road. Fulton provides local conveniences, and the property is positioned for commutes to Oswego or Syracuse.
Separate utilities serve the units. The property occupies a corner lot, with parking available from each adjoining road. Fulton provides local conveniences, and the property is positioned for commutes to Oswego or Syracuse.
Key Highlights
- 2,292‑square‑foot duplex with 3‑bedroom and 2‑bedroom units
- Separate utilities for each residence
- Attached garage at the 3‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,901
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,020
$378.0K
Cap Rate 7%
$270,014
$270.0K
Cap Rate 9%
$210,011
$210.0K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$28.9K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.0K $11.78/SF
− OpEx
−$8.1K −$3.53/SF
NOI
$18.9K $8.25/SF
Area
Oswego County, NY
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,020
Cap Rate 7%
$270,014
Cap Rate 9%
$210,011
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.0K
NOI $18,901 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.1K
NOI $17,583 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$457.2K
$400.0K – $533.4K
NOI $32,001 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 13069, NY
24,071
Population
10,593
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
109.9 sq mi
ZIP Area
219
Density / Sq Mi
$63,156
Median Household Income
$44,073
Median Earnings
$878
Median Rent
$112,600
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 - The 3-bedroom residence pairs with a separate 2-bedroom unit, each served by its own utilities.
Where is this duplex located?
The property is located at 502 Gansvoort Street Fulton, NY.
What is the asking price?
The asking price for this property is $224,500.
What are key features of this property?
This property features: 2,292‑square‑foot duplex with 3‑bedroom and 2‑bedroom units; Separate utilities for each residence; Attached garage at the 3‑bedroom unit
