Three-Unit Brick
New
For Sale
$375,000
5836-5840 Glendora Road #5836, Cicero, NY 13039
Each residence includes living areas, while the basement provides laundry facilities and additional storage.
Property Size3,248 SF
Price / SF$115.46
Days on Market6
Property Features for 5836-5840 Glendora Road #5836
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 3BR/1.5BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
laundry facilities
storage
Building Details
Year Built
1970
Construction
brickstone-style
Listing Agency:
Candy Costa Real Estate LLC
(315) 447-0668
Listed By:
Candy Costa · License #COSTACA
Source:
Cnynicheteam
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 2:44PM
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 Candy Costa Real Estate LLC
Investment Insights
Based on property information with market context.
This 1970 triplex contains three residential units within a brickstone-style building totaling 3,248 square feet. Every unit is configured with three bedrooms and one-and-a-half baths, along with living areas suited to residential occupancy. A full basement adds laundry facilities and storage space for the property.
The property is located on Glendora Road in Cicero, with access to major highways, shopping, dining, Oneida Lake, and everyday amenities. The Micron chip plant is also nearby, providing an established point of reference within the surrounding area.
The property is located on Glendora Road in Cicero, with access to major highways, shopping, dining, Oneida Lake, and everyday amenities. The Micron chip plant is also nearby, providing an established point of reference within the surrounding area.
Key Highlights
- Three‑unit triplex with 3,248 square feet
- Each unit has 3 bedrooms and 1.5 baths
- Full basement with laundry facilities and additional storage
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
$30,666
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
8.18%
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%
$613,320
$613.3K
Cap Rate 7%
$438,086
$438.1K
Cap Rate 9%
$340,733
$340.7K
Market Conditions
NOI Build-Up for 3,248 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
$59.6K $18.36/SF
− Vacancy
−$3.9K −$1.19/SF
EGI
$55.8K $17.17/SF
− OpEx
−$25.1K −$7.72/SF
NOI
$30.7K $9.44/SF
Area
Onondaga County, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$613,320
Cap Rate 7%
$438,086
Cap Rate 9%
$340,733
Alternative Uses
Best Use
Multifamily LT 5
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 13039, NY
17,485
Population
7,241
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
96%
High-School Grad
23.6 sq mi
ZIP Area
741
Density / Sq Mi
$108,694
Median Household Income
$55,445
Median Earnings
$1,055
Median Rent
$228,800
Median Home Value
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?
Triplex - Each residence includes living areas, while the basement provides laundry facilities and additional storage.
Where is this triplex located?
The property is located at 5836-5840 Glendora Road #5836 Cicero, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,248 square feet; Each unit has 3 bedrooms and 1.5 baths; Full basement with laundry facilities and additional storage
