Five-Unit Apartment
619 Plant Street # 5, Utica, NY 13502
For Sale
New
$282,900
Pending
Two apartments are vacant and available, while current residents occupy the other units under month-to-month leases.
Property Size2,998 SF
Days on Market1
Property Features for 619 Plant Street # 5
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full
Hardwood,LuxuryVinyl,Tile,Varies
Yes
No
Unfurnished
2
13
CeilingFans,NaturalWoodwork
Partial
NearPublicTransit,Rectangular,RectangularLot,ResidentialLot
Other,SeeRemarks
0.1607
50X140
ThreeOrMoreSpaces,NoGarage
BlacktopDriveway,DirtDriveway,Fence,GravelDriveway,PrivateYard,SeeRemarks
CityStreet
2998.0
1
Building Details
Building Size
Year Built
Stories
Listing Agency:
eXp Realty
Listed By:
Philip Rosa · License NY #10401374915
(315) 796-2811
Source:
Updegraffgroup
Added: Nov 13
Last Checked: Nov 13 at 1:39PM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,998-square-foot apartment property contains five units and is currently occupied by residents on month-to-month leases. Two units are vacant and ready for occupancy. The building dates to 1900 and sits on a 0.1607-acre lot measuring 50 by 140 feet.
The property fronts a city street and is near public transit. Showings require 24 hours’ notice to coordinate with residents.
The property fronts a city street and is near public transit. Showings require 24 hours’ notice to coordinate with residents.
Key Highlights
- Five apartment units; two are vacant and ready for occupancy
- 2,998 square feet of building area
- 0.1607‑acre lot measuring 50 by 140 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,957
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,140
$499.1K
Cap Rate 7%
$356,529
$356.5K
Cap Rate 9%
$277,300
$277.3K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$48.6K $16.20/SF
− Vacancy
−$3.2K −$1.06/SF
EGI
$45.4K $15.14/SF
− OpEx
−$20.4K −$6.81/SF
NOI
$25.0K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,140
Cap Rate 7%
$356,529
Cap Rate 9%
$277,300
Alternative Uses
Best Use
Apartment 5plus
$356.5K
$312.0K – $416.0K
NOI $24,957 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.0K
$691.3K – $921.7K
NOI $55,302 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 13502, NY
33,990
Population
15,337
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
51.4 sq mi
ZIP Area
661
Density / Sq Mi
$59,530
Median Household Income
$36,927
Median Earnings
$965
Median Rent
$149,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Utica, NY
Properties on Market for Apartment buildings in Utica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two apartments are vacant and available, while current residents occupy the other units under month-to-month leases.
Where is this apartment building located?
The property is located at 619 Plant Street # 5 Utica, NY.
What is the asking price?
The asking price for this property is $282,900.
What are key features of this property?
This property features: Five apartment units; two are vacant and ready for occupancy; 2,998 square feet of building area; 0.1607‑acre lot measuring 50 by 140 feet
