Building Details

Year Built 1940

Buildings 1

Listing Agency: KW Upstate NY Properties s***@kw.com Show Phone

Listed By: Stefan Marikovics · License #10401283598 Show Phone

Source: Kw

Added: Apr 16 Changed: Aug 29 Last Checked: Aug 31 at 1:03AM

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Investment Insights

Based on property information with market context.

Located at 6540 State Highway 7 in Maryland, NY, this 1940 triplex contains three residential units and has been renovated. The property is fully rented, providing an in-place occupancy profile for an income-property buyer.

The building is less than 9 miles from Downtown Oneonta. Interior features include propane, while the exterior has shingle construction. The property carries a 13.5% cap rate and is offered as a completed, occupied multifamily asset.

Key Highlights

• Three‑unit triplex built in 1940
• Renovated multifamily building
• Fully rented with in‑place occupancy

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 12116, NY

1,713

Population

930

Households

1.8

Avg Household Size

50

Median Age

28%

College-Educated

98%

High-School Grad

40.1 sq mi

ZIP Area

43

Density / Sq Mi

$76,359

Median Household Income

$42,232

Median Earnings

$1,100

Median Rent

$141,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Fully rented income property with renovated improvements and convenient access to Downtown Oneonta.

Where is this triplex located?

The property is located at 6540 State Highway 7 Maryland, NY.

What is the asking price?

The asking price for this property is $128,000.

What are key features of this property?

This property features: Three‑unit triplex built in 1940; Renovated multifamily building; Fully rented with in‑place occupancy