Renovated Four-Unit
For Sale
$525,000
Pending
55 Utica St, Clinton, NY 13323
Residential, Clinton, NY
Property Size2,746 SF
Lot Size0.88 Acres
Days on Market10
Property Features for 55 Utica St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 3, Bedroom 8, Basement, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 4
Patio and Porch features
Patio
Interior features
NaturalWoodwork
Exterior features
Patio, PrivateYard
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Clinton
Middle school district
Clinton
High school district
Clinton
Directions
Traveling north from the Village green on Utica St. the house will be on the left just past the creek.
Subdivision
Clinton-Village-304001
Standard status
Pending
APN
304001-337-015-0002-054-000-0000
Size
2,746 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Annual Amount
6575
Utilities
Heating system
Electric (Heating), Natural Gas, Forced Air
Water source
Public
Amenities
washer/dryer
private outdoor area
covered porches
patio
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Vinyl, Tile, Laminate, Varies
Building materials
AluminumSiding, WoodSiding, CopperPlumbing, PexPlumbing
Roof type
Shingle
Listing Agency:
Berkshire Hathaway CNY Realty · Berkshire Hathaway HomeServices
Listed By:
Tacie Languein · License #10401376490
(315) 733-0463
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 19 at 6:06PM
MLS# S1713092
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.
Built in 1900, this four-unit multifamily property includes three apartments within the main residence and a separate rear apartment. The documented mix includes two three-bedroom units with 1.5 baths and one one-bedroom unit. Three apartments have undergone substantial renovations within the past five years, with two featuring higher-end finishes. Hardwood and LVP flooring are among the interior improvements, while each unit includes its own washer and dryer and private outdoor area. A patio and covered porches add usable exterior space.
The property occupies 0.88 acres beside a creek at 55 Utica St in Clinton, NY. It is fully occupied and located within walking distance of village shops, restaurants, and other amenities, with Hamilton College a short drive away. Public water serves the property, and the heating systems include natural gas forced air and electric heat.
The property occupies 0.88 acres beside a creek at 55 Utica St in Clinton, NY. It is fully occupied and located within walking distance of village shops, restaurants, and other amenities, with Hamilton College a short drive away. Public water serves the property, and the heating systems include natural gas forced air and electric heat.
Key Highlights
- Four‑unit multifamily property on 0.88 acres
- 2,746 square feet with three apartments in the main house and one separate rear unit
- Two three‑bedroom apartments feature 1.5 baths; an additional unit has one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,420
$497.4K
Cap Rate 7%
$355,300
$355.3K
Cap Rate 9%
$276,344
$276.3K
Market Conditions
NOI Build-Up for 2,746 SF
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.
Gross rent
$37.9K $13.80/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$35.5K $12.94/SF
− OpEx
−$10.7K −$3.88/SF
NOI
$24.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,420
Cap Rate 7%
$355,300
Cap Rate 9%
$276,344
Alternative Uses
Best Use
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,871 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$723.6K
$633.2K – $844.2K
NOI $50,654 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 13323, NY
11,415
Population
4,664
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
38.9 sq mi
ZIP Area
293
Density / Sq Mi
$82,060
Median Household Income
$42,768
Median Earnings
$1,126
Median Rent
$231,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied Clinton multifamily asset with updated apartments, private outdoor areas, and in-unit laundry equipment.
Where is this quadplex located?
The property is located at 55 Utica St Clinton, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit multifamily property on 0.88 acres; 2,746 square feet with three apartments in the main house and one separate rear unit; Two three‑bedroom apartments feature 1.5 baths; an additional unit has one bedroom
