Four-Unit Frame
For Sale
$325,000
62-1/2 Dietz Street, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size2,846 SF
Lot Size0.16 Acres
Price / SF$114.20
Days on Market52
Property Features for 62-1/2 Dietz Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 4
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Directions
From main Street Oneonta, take Dietz St for 2 blocks, property on the right.
Subdivision
Oneonta-City-361200
Standard status
Active
APN
288.17-5-63
Size
2,846 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
7688
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1915
Floors in Building
2
Number of units
3
Flooring type
Varies, Carpet, Hardwood
Building materials
BlownInInsulation, Frame
Architectural style
Other
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 431-2540
Listed By:
Anthony Heath · License #10401359601
(607) 267-3166
Added: Jul 28
Changed: Sep 16
Last Checked: Sep 17 at 2:06PM
MLS# R1698493
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,846 square feet on a 0.16-acre lot. Built in 1915, the frame structure includes a mix of hardwood, carpet, and varied flooring, with six bedrooms and three bathrooms identified across the property. A gas water heater and blown-in insulation are also present.
Heating is provided by a forced-air natural gas system, and the property is connected to public water. The configuration offers four separate residential units within an established multifamily building, with a combination of six bedrooms and three bathrooms documented in the available property information.
Heating is provided by a forced-air natural gas system, and the property is connected to public water. The configuration offers four separate residential units within an established multifamily building, with a combination of six bedrooms and three bathrooms documented in the available property information.
Key Highlights
- Four‑unit residential property
- 2,846 square feet on a 0.16‑acre lot
- Built in 1915
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
$24,851
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
7.65%
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%
$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
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
$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 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%
$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 7.65%
Second Best
Apartment 5plus
$331.4K
$290.0K – $386.6K
NOI $23,198 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$784.5K
$686.5K – $915.3K
NOI $54,916 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with hardwood and carpet flooring, natural gas heating, and public water service.
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 $325,000.
What are key features of this property?
This property features: Four‑unit residential property; 2,846 square feet on a 0.16‑acre lot; Built in 1915
