Multifamily Property with Block
For Sale
$224,900
705 Tilden Ave, Utica, NY 13501
Multiple spacious units include eat-in kitchens, hardwood floors, cathedral ceilings, and covered porches.
Property Size1,840 SF
Days on Market20
Property Features for 705 Tilden Ave
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,445
Amenities
hardwood flooring
cathedral ceilings
french doors
multiple walk-in closet space
covered porches
high-efficiency Ideal Exalt Combi 155 brand boiler heating system
Building Details
Building Size
1,840 SF
Year Built
1930
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Assist2Sell Buyer's & Seller's 1st Choice
Listed By:
Martin C. Bell · License #40BE1090095
(315) 794-6090
Source:
Elliman
Added: Sep 22
Changed: Oct 9
Last Checked: Oct 9 at 10:13PM
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 Assist2Sell Buyer's & Seller's 1st Choice
Investment Insights
Based on property information with market context.
This multifamily property includes spacious units with oversized eat-in kitchens, hardwood flooring, cathedral ceilings, French doors, and multiple walk-in closets. Covered porches add outdoor space, while the property also features a substantial cement-block garage that accommodates more than 4 vehicles. A large cement driveway provides parking for 5 additional vehicles and offers practical access to the building and garage. Heating is provided by a high-efficiency Ideal Exalt Combi 155 boiler system.
Located at 705 Tilden Ave in Utica, the property was built in 1930. Walk Score is 62 and Bike Score is 44, reflecting somewhat walkable and somewhat bikeable conditions. The garage provides additional room for vehicle storage, workshop use, or hobby-related projects.
Located at 705 Tilden Ave in Utica, the property was built in 1930. Walk Score is 62 and Bike Score is 44, reflecting somewhat walkable and somewhat bikeable conditions. The garage provides additional room for vehicle storage, workshop use, or hobby-related projects.
Key Highlights
- Cement‑block garage accommodates more than 4 vehicles
- Large cement driveway provides parking for 5 additional vehicles
- Oversized eat‑in kitchens and hardwood flooring in the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,317
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,340
$306.3K
Cap Rate 7%
$218,814
$218.8K
Cap Rate 9%
$170,189
$170.2K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$29.8K $16.20/SF
− Vacancy
−$2.0K −$1.06/SF
EGI
$27.8K $15.14/SF
− OpEx
−$12.5K −$6.81/SF
NOI
$15.3K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,340
Cap Rate 7%
$218,814
Cap Rate 9%
$170,189
Alternative Uses
Best Use
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,317 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,941 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 13501, NY
40,885
Population
17,071
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
4,646
Density / Sq Mi
$49,771
Median Household Income
$33,632
Median Earnings
$865
Median Rent
$136,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple spacious units include eat-in kitchens, hardwood floors, cathedral ceilings, and covered porches.
Where is this multifamily property located?
The property is located at 705 Tilden Ave Utica, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Cement‑block garage accommodates more than 4 vehicles; Large cement driveway provides parking for 5 additional vehicles; Oversized eat‑in kitchens and hardwood flooring in the units
