Triplex with Pole
For Sale
$274,900
571 Southside Dr, Oneonta, NY 13820
Clean, well-maintained triplex includes three rental units and a large pole barn on a 1.03-acre lot.
Lot Size1.03 Acres
Days on Market8
Property Features for 571 Southside Dr
General Information
Standard status
Active
Lot size
1.03 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Amenities
covered front porch
private deck
one car garage
large pole barn
off-street parking
expansive yard
Building Details
Building Size
2,128 SF
Year Built
1840
Listing Agency:
Keller Williams Upstate New York Properties
(607) 376-7505
Listed By:
Benjamin Holscher · License #10491214193
(607) 376-7505
Source:
Elliman
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 2 at 6:39AM
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 Keller Williams Upstate New York Properties
Investment Insights
Based on property information with market context.
This for-sale triplex includes three well-maintained rental units: one two-bedroom, one-bath apartment on the lower level, and two one-bedroom, one-bath apartments on the upper level. The property features a covered front porch, off-street parking, and a private deck at the back serving the top two units. The lower level also attaches to a one-car garage. A large pole barn on the property provides additional space for storage, equipment, or other income-generating uses.
The home is located on Southside Drive in Oneonta, New York, on a spacious 1.03-acre lot. The site offers a sizable yard in addition to the parking and outdoor living areas connected to the residences.
The unit layout provides a straightforward mix of apartment sizes, with the lower-level unit serving as the two-bedroom offering and the upstairs units each configured as one-bedroom, one-bath apartments.
The home is located on Southside Drive in Oneonta, New York, on a spacious 1.03-acre lot. The site offers a sizable yard in addition to the parking and outdoor living areas connected to the residences.
The unit layout provides a straightforward mix of apartment sizes, with the lower-level unit serving as the two-bedroom offering and the upstairs units each configured as one-bedroom, one-bath apartments.
Key Highlights
- Triplex on a 1.03‑acre lot with three well‑maintained rental units and off‑street parking.
- Unit mix: one 2‑bedroom, 1‑bath apartment downstairs plus two 1‑bedroom, 1‑bath apartments upstairs.
- Large pole barn with plenty of clearance for storage, equipment, or added income potential.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $13.20 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $26.5k | $12.47 |
| − OpEx | −$8.0k | −$3.74 |
| NOI | $18.6k | $8.73 |
2,128 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$370.2K
$323.9K – $431.9K
NOI $25,911 @ 7.0% cap · market cap 9.43%
Second Best
Multifamily LT 5
$265.4K
$232.3K – $309.7K
NOI $18,581 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$586.6K
$513.3K – $684.4K
NOI $41,062 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Clean, well-maintained triplex includes three rental units and a large pole barn on a 1.03-acre lot.
Where is this triplex located?
The property is located at 571 Southside Dr Oneonta, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Triplex on a 1.03‑acre lot with three well‑maintained rental units and off‑street parking.; Unit mix: one 2‑bedroom, 1‑bath apartment downstairs plus two 1‑bedroom, 1‑bath apartments upstairs.; Large pole barn with plenty of clearance for storage, equipment, or added income potential.
