Multifamily Property with Private
For Sale
$282,900
Pending
619 Plant Street 5, Utica, NY 13502
Radiant and steam heating, natural woodwork, and a private yard are documented property features.
Property Size2,998 SF
Days on Market860
Property Features for 619 Plant Street 5
General Information
Standard status
Pending
Size
2,998 SF
Property subtype
Residential Income
Net Operating Income
$16,850
Taxes and HOA fees
Annual Taxes
$3,375
Amenities
Other
Ceiling Fan(s), Window Unit(s), Wall Unit(s)
Radiant, Steam, Natural Gas
Full
Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Ceiling Fan(s), Natural Woodwork, High Speed Internet
Partial
Asphalt, No Garage
Private Yard
Building Details
Building Size
2,998 SF
Year Built
1900
Stories
2
Listing Agency:
eXp Realty
Listed By:
Philip Rosa · License #10401374915
(315) 796-2811
Source:
Evrealestate
Added: Jun 9, 2024
Changed: Oct 11
Last Checked: Oct 14 at 10:18PM
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
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Investment Insights
Based on property information with market context.
This multifamily property contains 2,998 square feet and dates to 1900. Interior features include natural woodwork, ceiling fans, and window and wall units. Heating options listed are radiant and steam, with natural gas also specified. The property includes a full bathroom, gas cooking appliances, a gas water heater, and a refrigerator.
Exterior features include a private yard and asphalt surfaces; no garage is listed.
Exterior features include a private yard and asphalt surfaces; no garage is listed.
Key Highlights
- 2,998 square feet
- Built in 1900
- Radiant and steam heating; natural gas
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.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Radiant and steam heating, natural woodwork, and a private yard are documented property features.
Where is this multifamily property 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: 2,998 square feet; Built in 1900; Radiant and steam heating; natural gas
