Two-Unit Duplex with Off-Street
For Sale
$174,900
70 E Van Buren Street, Oswego, NY 13126
Residential, Oswego, NY
Property Size2,000 SF
Lot Size0.09 Acres
Price / SF$87.45
Days on Market51
Property Features for 70 E Van Buren Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school
Fitzhugh Park Elementary
Middle school
Oswego Middle
High school
Oswego High
Elementary school district
Oswego
Middle school district
Oswego
High school district
Oswego
Directions
Duplex located on corner of E Van Buren and Arabel St.
Subdivision
Oswego-City-351200
Standard status
Active
APN
351200-128-025-0007-001-000-0000
Size
2,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3439
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1919
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Varies
Architectural style
Other
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Michael Miceli · License #10301224302
(315) 591-6101
Added: Aug 12
Changed: Sep 21
Last Checked: Oct 1 at 6:06PM
MLS# S1706424
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.
Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 2,000 square feet on a 0.0939-acre corner lot in Oswego. Built in 1919, the property includes two bathrooms, five bedrooms, a basement, and a gas water heater. Interior finishes include vinyl and carpet flooring, with room-by-room flooring varying throughout the residence.
Building systems include natural-gas baseboard heating and public water service. Off-street parking adds functional convenience for the two residential units. The property is located in Oswego County and carries the 13126 postal designation.
Building systems include natural-gas baseboard heating and public water service. Off-street parking adds functional convenience for the two residential units. The property is located in Oswego County and carries the 13126 postal designation.
Key Highlights
- Two‑unit duplex configuration
- Approximately 2,000 square feet
- 0.0939‑acre corner lot
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
$15,343
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
8.77%
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%
$306,860
$306.9K
Cap Rate 7%
$219,186
$219.2K
Cap Rate 9%
$170,478
$170.5K
Market Conditions
NOI Build-Up for 2,000 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
$29.5K $14.76/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$27.9K $13.95/SF
− OpEx
−$12.6K −$6.28/SF
NOI
$15.3K $7.67/SF
Area
Oswego County, NY
Vacancy
5.50%
Lease Rate
$14.76 /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%
$306,860
Cap Rate 7%
$219,186
Cap Rate 9%
$170,478
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.7K
NOI $15,343 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$398.9K
$349.1K – $465.4K
NOI $27,924 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with natural-gas baseboard heat, public water, and parking for occupants.
Where is this duplex located?
The property is located at 70 E Van Buren Street Oswego, NY.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 2,000 square feet; 0.0939‑acre corner lot
