Renovated Triplex with Detached
For Sale
$264,900
625 Roosevelt Ave, Rome, NY 13440
Three residential units feature separate metering, off-street parking, and private outdoor space.
Property Size2,552 SF
Price / SF$103.80
Days on Market83
Property Features for 625 Roosevelt Ave
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
private off-street parking
long private driveway
3-car detached garage
deep backyard
two basement washer/dryer hookups
full basement
spacious attic
Building Details
Year Built
1945
Listing Agency:
Coldwell Banker Faith Properties
Listed By:
Alicia Collver · License #10301220677
(315) 794-2994
Source:
Skinnercnyrealty
Added: Jul 26
Changed: Oct 2
Last Checked: Oct 7 at 4:29PM
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 Coldwell Banker Faith Properties
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Investment Insights
Based on property information with market context.
Located at 625 Roosevelt Ave in Rome, NY, this three-unit residential property was built in 1945 and has received interior updates along with refreshed landscaping. The building includes a full basement with two washer/dryer hookups and a spacious attic for storage and utility flexibility.
Two apartments are occupied by current tenants, while the third is vacant. Each unit is separately metered with separate utilities. Exterior improvements include off-street parking, a long private driveway, a deep backyard, and a detached 3-car garage that adds storage capacity and may support additional rental use.
Two apartments are occupied by current tenants, while the third is vacant. Each unit is separately metered with separate utilities. Exterior improvements include off-street parking, a long private driveway, a deep backyard, and a detached 3-car garage that adds storage capacity and may support additional rental use.
Key Highlights
- Three‑unit property built in 1945
- Two occupied units and one recently vacated unit
- Separate metering and separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,114
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,280
$462.3K
Cap Rate 7%
$330,200
$330.2K
Cap Rate 9%
$256,822
$256.8K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$35.2K $13.80/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$33.0K $12.94/SF
− OpEx
−$9.9K −$3.88/SF
NOI
$23.1K $9.06/SF
Area
Oneida County, NY
Vacancy
6.24%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,280
Cap Rate 7%
$330,200
Cap Rate 9%
$256,822
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,114 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$672.5K
$588.4K – $784.6K
NOI $47,075 @ 7.0% cap · market cap 17.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 13440, NY
41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate metering, off-street parking, and private outdoor space.
Where is this triplex located?
The property is located at 625 Roosevelt Ave Rome, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Three‑unit property built in 1945; Two occupied units and one recently vacated unit; Separate metering and separate utilities for each unit
