Multifamily
For Sale
$199,900
627 Plant st, Utica, NY 13502
The building offers an adaptable footprint in a highly walkable setting.
Property Size2,170 SF
Days on Market48
Property Features for 627 Plant st
General Information
Standard status
Active
Size
2,170 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$200
Building Details
Building Size
2,170 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Assist2Sell Buyer's & Seller's 1st Choice
Listed By:
Brandyn Miller · License #10401395562
(315) 481-3971
Source:
Elliman
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 16 at 9:29AM
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 Assist2Sell Buyer's & Seller's 1st Choice
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Investment Insights
Based on property information with market context.
Located at 627 Plant St in Utica, this multifamily property was constructed in 1900 and provides an expansive footprint for renovation or reconfiguration. The adaptable space can accommodate a range of future concepts, subject to applicable approvals and buyer evaluation.
The property carries a walk score of 87, classified as Very Walkable, along with a bike score of 50, classified as Bikeable. Select listing images use virtual staging or AI enhancements to illustrate possible design directions. Public tax records may not reflect standard assessment rates because the land previously served nonprofit religious purposes; future assessments should be verified with the municipality.
The property carries a walk score of 87, classified as Very Walkable, along with a bike score of 50, classified as Bikeable. Select listing images use virtual staging or AI enhancements to illustrate possible design directions. Public tax records may not reflect standard assessment rates because the land previously served nonprofit religious purposes; future assessments should be verified with the municipality.
Key Highlights
- Multifamily property at 627 Plant St, Utica, NY 13502
- Constructed in 1900
- Expansive footprint suitable for customization and reconfiguration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,064
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,280
$361.3K
Cap Rate 7%
$258,057
$258.1K
Cap Rate 9%
$200,711
$200.7K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$35.2K $16.20/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$32.8K $15.14/SF
− OpEx
−$14.8K −$6.81/SF
NOI
$18.1K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,280
Cap Rate 7%
$258,057
Cap Rate 9%
$200,711
Alternative Uses
Best Use
Apartment 5plus
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.8K
$500.4K – $667.2K
NOI $40,029 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 13502, NY
33,990
Population
15,337
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
51.4 sq mi
ZIP Area
661
Density / Sq Mi
$59,530
Median Household Income
$36,927
Median Earnings
$965
Median Rent
$149,600
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
Frequently Asked Questions
What type of property is this?
Multifamily property - The building offers an adaptable footprint in a highly walkable setting.
Where is this multifamily property located?
The property is located at 627 Plant st Utica, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Multifamily property at 627 Plant St, Utica, NY 13502; Constructed in 1900; Expansive footprint suitable for customization and reconfiguration
