Duplex with Renovated
New
For Sale
$229,000
54 Burrstone Rd, New Hartford, NY 13417
Both units offer two bedrooms and one full bath, with flexibility for rental occupancy or living in one unit.
Property Size1,862 SF
Days on Market4
Property Features for 54 Burrstone Rd
General Information
Standard status
Active
Size
1,862 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,667
Building Details
Building Size
1,862 SF
Year Built
1900
Units
2
Listing Agency:
Faith Properties, Inc.
Listed By:
Christy Harlander · License #10301222719
(315) 525-6779
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 4:22PM
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 Faith Properties, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate units, each configured with two bedrooms and one full bath. A renovated kitchen is among the interior updates. The roof is approximately 2 years old, and the property has updated hot water tanks and a furnace described as approximately 4 years old. A new furnace serving the first-floor unit was installed in 2026.
Built in 1900, the property also has a bike score of 42 and a walk score of 49. The two-unit layout supports rental use or occupancy in one unit while renting the other.
Built in 1900, the property also has a bike score of 42 and a walk score of 49. The two-unit layout supports rental use or occupancy in one unit while renting the other.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- Renovated kitchen
- Roof approximately 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,865
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,300
$337.3K
Cap Rate 7%
$240,929
$240.9K
Cap Rate 9%
$187,389
$187.4K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$25.7K $13.80/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$24.1K $12.94/SF
− OpEx
−$7.2K −$3.88/SF
NOI
$16.9K $9.06/SF
Area
Oneida County, NY
Vacancy
6.24%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,300
Cap Rate 7%
$240,929
Cap Rate 9%
$187,389
Alternative Uses
Best Use
Multifamily LT 5
$240.9K
$210.8K – $281.1K
NOI $16,865 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$221.4K
$193.8K – $258.3K
NOI $15,500 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$490.7K
$429.3K – $572.5K
NOI $34,347 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 13417, NY
3,280
Population
1,869
Households
1.8
Avg Household Size
44
Median Age
36%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
2,343
Density / Sq Mi
$56,055
Median Household Income
$43,571
Median Earnings
$778
Median Rent
$160,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units offer two bedrooms and one full bath, with flexibility for rental occupancy or living in one unit.
Where is this duplex located?
The property is located at 54 Burrstone Rd New Hartford, NY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; Renovated kitchen; Roof approximately 2 years old
