Two-Unit Ranch
For Sale
$259,000
6050 Shed Road, Rome, NY 13440
Two mirrored residences offer two bedrooms and one bath each, with the option to combine them into a single home.
Property Size1,584 SF
Price / SF$163.51
Days on Market10
Property Features for 6050 Shed Road
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,531
Amenities
Ceiling Fan(s)
Deck
Building Details
Building Size
1,584 SF
Year Built
1960
Stories
1
Units
2
Construction
Ranch
Listing Agency:
Pondras Homes & Hearth Realty LLC
Listed By:
Michael S. Rahn · License #10401256732
(315) 796-6408
Source:
Geracerealty
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 26 at 7:58PM
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 Pondras Homes & Hearth Realty LLC
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Investment Insights
Based on property information with market context.
This 1960 ranch-style duplex contains two separate residences, each arranged with two bedrooms and one bathroom. The combined building area is 1,584 square feet. The two sides can be converted into one single-family residence, according to the property details.
The property is located in the Westmoreland School District. Its two-unit configuration supports continued use as a duplex or conversion to a single home.
The property is located in the Westmoreland School District. Its two-unit configuration supports continued use as a duplex or conversion to a single home.
Key Highlights
- 1,584‑square‑foot ranch duplex built in 1960
- Two residences, each with 2 bedrooms and 1 bath
- Located in the Westmoreland School District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,347
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,940
$286.9K
Cap Rate 7%
$204,957
$205.0K
Cap Rate 9%
$159,411
$159.4K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$21.9K $13.80/SF
− Vacancy
−$1.4K −$0.86/SF
EGI
$20.5K $12.94/SF
− OpEx
−$6.1K −$3.88/SF
NOI
$14.3K $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%
$286,940
Cap Rate 7%
$204,957
Cap Rate 9%
$159,411
Alternative Uses
Best Use
Multifamily LT 5
$205.0K
$179.3K – $239.1K
NOI $14,347 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$188.4K
$164.8K – $219.8K
NOI $13,186 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,219 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 13440, NY
41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
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 mirrored residences offer two bedrooms and one bath each, with the option to combine them into a single home.
Where is this duplex located?
The property is located at 6050 Shed Road Rome, NY.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,584‑square‑foot ranch duplex built in 1960; Two residences, each with 2 bedrooms and 1 bath; Located in the Westmoreland School District
