Two-Unit Duplex with Off-Street
New
For Sale
$184,900
70 E Van Buren Street, Oswego, NY 13126
MULTI_FAMILY - Other - Oswego, NY
Property Size2,000 SF
Lot Size0.09 Acres
Price / SF$92.45
Days on Market3
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
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 2, Bedroom 5
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
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1919
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Carpet
Architectural style
Other
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Michael Miceli · License #10301224302
(315) 591-6101
Added: Aug 12
Last Checked: Aug 14 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 2,000 square feet and was built in 1919. The layout includes five bedrooms, two bathrooms, and a basement, with vinyl, carpet, and varied flooring throughout. Natural-gas baseboard heat and a gas water heater serve the property, while public water provides the primary water source.
The building occupies a 0.0939-acre corner lot at 70 E Van Buren Street in Oswego, NY 13126. Off-street parking supports both residential units, and newer mechanical systems address key building components. The two-family configuration allows an owner to occupy one unit while leasing the other, or operate both units as residential rentals.
The building occupies a 0.0939-acre corner lot at 70 E Van Buren Street in Oswego, NY 13126. Off-street parking supports both residential units, and newer mechanical systems address key building components. The two-family configuration allows an owner to occupy one unit while leasing the other, or operate both units as residential rentals.
Key Highlights
- Two‑unit duplex with 2,000 square feet of property size
- 0.0939‑acre corner lot with off‑street parking
- Five bedrooms, two bathrooms, and a basement
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
$16,493
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
8.92%
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%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
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
$25.2K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.6K $11.78/SF
− OpEx
−$7.1K −$3.53/SF
NOI
$16.5K $8.25/SF
Area
Oswego County, NY
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.7K
NOI $15,343 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$398.9K
$349.1K – $465.4K
NOI $27,924 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
67
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
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 newer mechanical systems, public water service, and flexible owner-occupant or rental use.
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 $184,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,000 square feet of property size; 0.0939‑acre corner lot with off‑street parking; Five bedrooms, two bathrooms, and a basement
