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Four-Unit Apartment Building
New
For Sale
$389,000

703 Court St Unit 701, Utica, NY 13502

Four apartments offer separate utilities, updated systems, rear parking, and proximity to Wynn Hospital and downtown.

Property Size5,772 SF
Price / SF$67.39
Days on Market4

Property Features for 703 Court St Unit 701

General Information

Standard status Active
Size 5,772 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence needs some TLC

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Utilities to Site Yes

Building Details

Year Built 1950
Buildings 1
Listing Agency: Coldwell Banker Prime Properties
Listed By: Merima Smajic · License #10301216989
Source: Skinnercnyrealty
Added: Sep 11 Last Checked: Sep 13 at 1:28PM

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 Coldwell Banker Prime Properties

Investment Insights

Based on property information with market context.

This 5,772-square-foot four-unit apartment building contains four two-bedroom, one-bath apartments. Interior features include spacious living and dining areas, predominantly hardwood flooring, updated bathrooms, and three kitchens with newer appliances. One apartment requires additional work and will not be updated by the seller. The property will be delivered vacant and is being sold as is.

Building improvements include four brand-new forced-air gas furnaces, four new hot water tanks, newer windows, and largely updated plumbing and electrical systems. Each apartment has two means of egress. Utilities are separately metered for gas and electricity, while water is shared. The property also includes rear parking and a shared driveway.

Located within walking distance of Wynn Hospital and downtown, the building was constructed in 1950. Front siding has been updated, while the remaining siding requires additional attention. The roof age is unknown, with no known defects reported.

Key Highlights

  • Four 2‑bedroom, 1‑bath apartments in a 5,772‑square‑foot building
  • 4 brand‑new forced‑air gas furnaces and 4 new hot water tanks
  • Separate utilities for each apartment except water; 4 gas meters and 5 electric meters

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Spa & Massage Center Storage Facility Veterinary Clinic Locksmith

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,143
Businesses Nearby

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

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?
Quadplex - Four apartments offer separate utilities, updated systems, rear parking, and proximity to Wynn Hospital and downtown.
Where is this quadplex located?
The property is located at 703 Court St Unit 701 Utica, NY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments in a 5,772‑square‑foot building; 4 brand‑new forced‑air gas furnaces and 4 new hot water tanks; Separate utilities for each apartment except water; 4 gas meters and 5 electric meters
More about this property
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