Furnished Four-Unit Apartment
New
For Sale
$375,000
6229 St Hwy 7, Milford, NY 13807
Residential Income, Milford, NY
Property Size3,600 SF
Lot Size0.60 Acres
Price / SF$104.17
Days on Market3
Property Features for 6229 St Hwy 7
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
High school district
ONEONTA CITY SCHOOL DISTRICT
Directions
From Oneonta take Rt 7 towards Colliersville. Property on left.
Standard status
Active
APN
364089-277.000-0001-009.003
Size
3,600 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
3929
Utilities
Sewer type
Septic Tank
Heating system
Oil, Electric (Heating)
Water source
Well
Amenities
fishing access
Building Details
Year built
1900
Floors in Building
2
Flooring type
Vinyl, Hardwood
Building materials
Wood Siding, Vinyl Siding
Roof type
Asphalt
Listing Agency:
BENSON AGENCY REAL ESTATE LLC
Listed By:
Mary Rab · License #30RA0875441
(607) 432-4391
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 31 at 4:06AM
MLS# 12047336
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,600-square-foot quadplex contains four furnished apartments with one- and two-bedroom layouts. The property sits on 0.6 acres and was built in 1900. Exterior materials include wood and vinyl siding, with hardwood and vinyl flooring inside. Heating is provided by oil and electric systems; the property also has a well, septic tank, and asphalt roof.
Set in a country environment, the property has fishing access across the road and access to the towns of Oneonta and Cooperstown, as well as nearby colleges. The four-unit configuration and furnished apartments support a range of rental arrangements.
Set in a country environment, the property has fishing access across the road and access to the towns of Oneonta and Cooperstown, as well as nearby colleges. The four-unit configuration and furnished apartments support a range of rental arrangements.
Key Highlights
- Four furnished apartments with one- and two‑bedroom layouts
- 3,600 square feet on 0.6 acres
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,434
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,680
$628.7K
Cap Rate 7%
$449,057
$449.1K
Cap Rate 9%
$349,267
$349.3K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$47.5K $13.20/SF
− Vacancy
−$2.6K −$0.73/SF
EGI
$44.9K $12.47/SF
− OpEx
−$13.5K −$3.74/SF
NOI
$31.4K $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%
$628,680
Cap Rate 7%
$449,057
Cap Rate 9%
$349,267
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$419.2K
$366.8K – $489.1K
NOI $29,344 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
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Business Placement
Demographics for 13807, NY
1,061
Population
719
Households
1.5
Avg Household Size
51
Median Age
35%
College-Educated
91%
High-School Grad
21.5 sq mi
ZIP Area
49
Density / Sq Mi
$86,250
Median Household Income
$34,047
Median Earnings
$838
Median Rent
$167,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished apartments offer a mix of one- and two-bedroom layouts in a rural setting.
Where is this quadplex located?
The property is located at 6229 St Hwy 7 Milford, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four furnished apartments with one- and two‑bedroom layouts; 3,600 square feet on 0.6 acres; Built in 1900
