Duplex with Renovated
For Sale
$229,000
54 Burrstone Road, New York Mills, NY 13417
Residential, New York Mills, NY
Property Size1,862 SF
Lot Size0.10 Acres
Price / SF$122.99
Days on Market10
Property Features for 54 Burrstone Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Interior features
NaturalWoodwork
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
New York Mills
Middle school district
New York Mills
High school district
New York Mills
Directions
traveling on Burrstone towards the village of New York Mills the property is on the left side. Please pull into the driveway and pull into the gravel portion of the lot behind the house that is parking for this home.
Subdivision
New York Mills Village-New Hartford-304803
Standard status
Active
APN
304803-317-014-0004-048-000-0000
Size
1,862 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
3667
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
Hardwood, Varies, Laminate
Building materials
AluminumSiding
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Coldwell Banker Faith Properties · Coldwell Banker Real Estate
(315) 735-2222
Listed By:
Christy Harlander · License #10301222719
(315) 525-6779
Added: Oct 23
Changed: Oct 30
Last Checked: Nov 1 at 5:06PM
MLS# S1723976
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 duplex contains two separate apartments, each with two bedrooms and one full bathroom. The building totals 1,862 square feet on a 0.1019-acre lot. A renovated kitchen and natural woodwork are among the interior features; the exterior has aluminum siding and an asphalt roof.
The roof is approximately 2 years old. Hot water tanks and a newer furnace are approximately 4 years old, and a new furnace for the first-floor apartment was installed in 2026. Public water and natural gas, forced-air heat, and a gas water heater are also listed.
The roof is approximately 2 years old. Hot water tanks and a newer furnace are approximately 4 years old, and a new furnace for the first-floor apartment was installed in 2026. Public water and natural gas, forced-air heat, and a gas water heater are also listed.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,862 square feet on a 0.1019‑acre lot
- Renovated kitchen and natural woodwork
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
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer matching two-bedroom, one-bathroom layouts.
Where is this duplex located?
The property is located at 54 Burrstone Road New York Mills, 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; 1,862 square feet on a 0.1019‑acre lot; Renovated kitchen and natural woodwork
