Two-Unit Duplex with Detached
New
For Sale
$249,900
70 Riverside Dr, Utica, NY 13502
Two distinct apartments share basement laundry and mechanical systems, with outdoor space and workshop area on the property.
Property Size1,859 SF
Days on Market6
Property Features for 70 Riverside Dr
General Information
Standard status
Active
Size
1,859 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
relatively simple cosmetic improvements, including fresh paint and flooring in the larger unit.
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,046
Amenities
shared laundry facilities
partially fenced backyard
fire pit
detached garage with workshop
Building Details
Building Size
1,859 SF
Year Built
1930
Buildings
1
Units
2
Listing Agency:
North Star Real Estate & Property Management
Listed By:
Zachary Ludemann Perini
(315) 794-5656
Source:
Elliman
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 30 at 4:31PM
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 North Star Real Estate & Property Management
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Investment Insights
Based on property information with market context.
This Utica duplex contains two apartments: a three-bedroom, one-bath unit and a one-bedroom, one-bath unit. Both have updated bathrooms and kitchens. The larger apartment includes an enclosed three-season porch, while the basement has a partially finished bonus room and shared laundry. Hardwood floors, double-pane windows, and vinyl siding are among the building’s features. A single furnace, hot water heater, and utility meters serve both units.
The property also includes a detached single-stall garage with workshop space, a blacktop driveway, and a partially fenced backyard with a fire pit. The house was built in 1930. Roof work includes a new architectural-shingle roof on the house in 2025 and a garage roof in 2024; a furnace and central air conditioning were installed in 2024.
The property also includes a detached single-stall garage with workshop space, a blacktop driveway, and a partially fenced backyard with a fire pit. The house was built in 1930. Roof work includes a new architectural-shingle roof on the house in 2025 and a garage roof in 2024; a furnace and central air conditioning were installed in 2024.
Key Highlights
- Two apartments: 3‑bedroom, 1‑bath and 1‑bedroom, 1‑bath
- Detached single‑stall garage with additional workshop space
- Partially finished basement includes a bonus living room and shared laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,837
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,740
$336.7K
Cap Rate 7%
$240,529
$240.5K
Cap Rate 9%
$187,078
$187.1K
Market Conditions
NOI Build-Up for 1,859 SF
Gross rent
$25.7K $13.80/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$24.1K $12.94/SF
− OpEx
−$7.2K −$3.88/SF
NOI
$16.8K $9.06/SF
Area
Oneida County, NY
Vacancy
6.24%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,740
Cap Rate 7%
$240,529
Cap Rate 9%
$187,078
Alternative Uses
Best Use
Multifamily LT 5
$240.5K
$210.5K – $280.6K
NOI $16,837 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$221.1K
$193.4K – $257.9K
NOI $15,475 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$489.9K
$428.7K – $571.5K
NOI $34,292 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartments share basement laundry and mechanical systems, with outdoor space and workshop area on the property.
Where is this duplex located?
The property is located at 70 Riverside Dr Utica, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two apartments: 3‑bedroom, 1‑bath and 1‑bedroom, 1‑bath; Detached single‑stall garage with additional workshop space; Partially finished basement includes a bonus living room and shared laundry
