Updated Single-Family Home with
For Sale
$219,900
668 Colesville Road, Kirkwood, NY 13904
SINGLE_FAMILY - KIRKWOOD, NY
Property Size1,144 SF
Lot Size0.82 Acres
Price / SF$192.22
Days on Market57
Property Features for 668 Colesville Road
General Information
Property type
Residential
Property subtype
Farm
Zoning
210
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Basement
Parking features
Garage, Open
Patio and Porch features
Porch, Patio
Exterior features
COVERED PORCH, DIRECT INTERNET ACCESS, LANDSCAPED, OPEN PATIO, PATIO SCREENED, POOL ABOVE GROUND, SHED, SHRUBS/FLOWERS, TREES
Appliances
DEHUMIDIFIER, DISHWASHER-Built-in, DRYER, MICROWAVE-Built-in, OVEN, RANGE/STOVE-Free Standing, REFRIGERATOR, WASHER, WATER SOFTENER
Lot features
G A R D E N S, S L O P E U P F R O M R O A D, W O O D E D
Elementary school
Floyd Bell
Elementary school district
Windsor
Middle school district
Windsor
High school district
Windsor
Directions
I-81 S to exit 3 toward Industrial Park, turn left on Colesville Rd. I-88 E to exit 3 onto NY-369 to Albany St to Fuller Rd. to Colesville Rd.
Subdivision
Area 03
Standard status
Active
APN
033400-147-001-0002-021-002-0000
Size
1,144 SF
Lot size
0.82 Acres
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Ceiling Fan(s)
Water source
Well
Building Details
Year built
1930
Flooring type
Hardwood, Tile
Building materials
Vinyl
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Amy O'Brien
(607) 343-2665
Added: Jun 18
Changed: Aug 10
Last Checked: Aug 12 at 11:06PM
MLS# 336532
Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated single-family home offers a welcoming interior with wood accents, a living room, a main floor bedroom, and a bright, airy kitchen with a full-wall pantry. The main floor also includes a beautifully updated full bath with a glass shower and a first-floor laundry room conveniently located next to the garage. Upstairs, you’ll find two additional bedrooms, a full bath, and a partially finished walk-up attic.
Set on approximately 0.82 acres of tree-lined property, the home includes an expansive wrap-around front porch that transitions into a covered outdoor lounge area. The lounge features an overhead fan, rich wood ceilings, and a dedicated setup for an outdoor TV.
The property is zoned 210 and is located at 668 Colesville Road in Kirkwood, New York (Broome County).
Set on approximately 0.82 acres of tree-lined property, the home includes an expansive wrap-around front porch that transitions into a covered outdoor lounge area. The lounge features an overhead fan, rich wood ceilings, and a dedicated setup for an outdoor TV.
The property is zoned 210 and is located at 668 Colesville Road in Kirkwood, New York (Broome County).
Key Highlights
- Nearly an acre of tree‑lined property with wrap‑around covered front porch and patio area
- Above‑ground pool, plus screened patio for outdoor entertaining
- First‑floor laundry room next to the garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,530
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$190,600
$190.6K
Cap Rate 7%
$136,143
$136.1K
Cap Rate 9%
$105,889
$105.9K
Market Conditions
NOI Build-Up for 1,144 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.5K $16.20/SF
− Vacancy
−$1.2K −$1.05/SF
EGI
$17.3K $15.15/SF
− OpEx
−$7.8K −$6.82/SF
NOI
$9.5K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$190,600
Cap Rate 7%
$136,143
Cap Rate 9%
$105,889
Alternative Uses
Best Use
Apartment 5plus
$136.1K
$119.1K – $158.8K
NOI $9,530 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.8K
$248.3K – $331.1K
NOI $19,867 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 13904, NY
9,236
Population
3,962
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
81%
High-School Grad
23.7 sq mi
ZIP Area
390
Density / Sq Mi
$56,794
Median Household Income
$36,038
Median Earnings
$884
Median Rent
$111,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Updated single-family home features a wrap-around front porch, covered outdoor lounge, and first-floor laundry near the garage.
Where is this single family property located?
The property is located at 668 Colesville Road Kirkwood, NY.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Nearly an acre of tree‑lined property with wrap‑around covered front porch and patio area; Above‑ground pool, plus screened patio for outdoor entertaining; First‑floor laundry room next to the garage
