Four-Unit Apartment
For Sale
$299,000
62-1/2 Dietz Street, Oneonta, NY 13820
The property is close to downtown services, shopping, restaurants, and local colleges.
Property Size2,846 SF
Price / SF$105.06
Days on Market91
Property Features for 62-1/2 Dietz Street
General Information
Standard status
Active
Size
2,846 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,688
Building Details
Building Size
2,846 SF
Year Built
1915
Stories
2
Units
3
Listing Agency:
Keller Williams Upstate NY Properties
(607) 431-2540
Listed By:
Anthony Heath · License #10401359601
(607) 267-3166
Source:
Deeprootedrealty
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 26 at 3:43AM
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 NY Properties
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,846 square feet and was built in 1915. Recent upgrades have been completed, and the building can accommodate an owner living in one unit while the other units are rented.
The property is in Oneonta, near downtown amenities, shopping, restaurants, and local colleges.
The property is in Oneonta, near downtown amenities, shopping, restaurants, and local colleges.
Key Highlights
- Four residential units
- 2,846 square feet
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,851
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,020
$497.0K
Cap Rate 7%
$355,014
$355.0K
Cap Rate 9%
$276,122
$276.1K
Market Conditions
NOI Build-Up for 2,846 SF
Gross rent
$37.6K $13.20/SF
− Vacancy
−$2.1K −$0.73/SF
EGI
$35.5K $12.47/SF
− OpEx
−$10.7K −$3.74/SF
NOI
$24.9K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,020
Cap Rate 7%
$355,014
Cap Rate 9%
$276,122
Alternative Uses
Best Use
Multifamily LT 5
$355.0K
$310.6K – $414.2K
NOI $24,851 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$331.4K
$290.0K – $386.6K
NOI $23,198 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$784.5K
$686.5K – $915.3K
NOI $54,916 @ 7.0% cap · market cap 18.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
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
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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?
Quadplex - The property is close to downtown services, shopping, restaurants, and local colleges.
Where is this quadplex located?
The property is located at 62-1/2 Dietz Street Oneonta, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Four residential units; 2,846 square feet; Built in 1915
