Furnished
New
For Sale
$375,000
6229 State Highway 7, Oneonta, NY 13807
Residential, Oneonta, NY
Property Size3,600 SF
Lot Size0.60 Acres
Price / SF$104.17
Days on Market3
Property Features for 6229 State Highway 7
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 4
Patio and Porch features
Porch
Interior features
CeilingFans
Appliances
OilWaterHeater
Lot features
Irregular Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Directions
From Oneonta take Rt 7 towards Colliersville. Property on left.
Subdivision
Milford-364089
Standard status
Active
APN
277-1-9.03
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)
Cooling system
Wall Unit(s)
Water source
Well
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Varies, Hardwood
Building materials
Frame, VinylSiding, WoodSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Benson Agency Real Estate LLC
(607) 432-4391
Listed By:
Mary Rab · License #30RA0875441
(607) 437-1694
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 5:06PM
MLS# R1725393
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.
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Investment Insights
Based on property information with market context.
This four-unit property contains furnished apartments with one- and two-bedroom layouts. The 3,600-square-foot building dates to 1900 and sits on 0.6 acres. A porch, wall-unit cooling, and electric and oil heating are among its features; water is supplied by a well and wastewater is handled by a septic system.
The property is in Oneonta, with fishing access across the road and convenient access to Oneonta, Cooperstown, and nearby colleges. The varied apartment layouts support several rental approaches, including short-term and traditional long-term occupancy, as described for the property.
The property is in Oneonta, with fishing access across the road and convenient access to Oneonta, Cooperstown, and nearby colleges. The varied apartment layouts support several rental approaches, including short-term and traditional long-term occupancy, as described for the property.
Key Highlights
- Four furnished apartments with one- and two‑bedroom layouts
- 3,600 square feet of building area
- 0.6‑acre parcel
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.
How Realmo checks its estimates
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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 one- and two-bedroom layouts, with a porch and a country setting.
Where is this quadplex located?
The property is located at 6229 State Highway 7 Oneonta, 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 of building area; 0.6‑acre parcel
