Duplex with Oversized
New
For Sale
$224,900
705 Tilden Avenue, Utica, NY 13501
Residential, Utica, NY
Property Size1,840 SF
Lot Size0.11 Acres
Price / SF$122.23
Days on Market2
Property Features for 705 Tilden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Basement, Bedroom 1, Bedroom 3, Bedroom 2
Parking features
Open
Patio and Porch features
Porch
Interior features
CeilingFans, CathedralCeilings
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Utica
Middle school district
Utica
High school district
Utica
Directions
Bleecker St to Tilden Ave or Rutger St to Tilden Ave
Subdivision
Utica-City-301600
Standard status
Active
APN
301600-319-072-0001-032-000-0000
Size
1,840 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3445
Utilities
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Amenities
eat-in kitchens
double living rooms/dining rooms
hardwood flooring
cathedral ceilings
french doors
walk-in closets
covered porches
high-efficiency boiler heating system
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Laminate, Varies, Hardwood
Building materials
BlownInInsulation, Stucco
Architectural style
Other
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice · Assist-2-Sell
(315) 735-9244
Listed By:
Martin C. Bell · License #40BE1090095
(315) 794-6090
Added: Sep 21
Last Checked: Sep 22 at 7:06AM
MLS# S1716173
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.
Built in 1930, this 1,840-square-foot duplex offers two residential units with oversized eat-in kitchens, generous living or dining areas, hardwood and laminate flooring, cathedral ceilings, French doors, and multiple walk-in closets. Covered porches add outdoor space, while the property’s 0.1102-acre lot includes a substantial cement-block garage and a cement driveway. The garage accommodates more than 4 vehicles and can also support workshop or storage use. The driveway provides room for 5 additional vehicles.
Building systems include a high-efficiency Ideal Exalt Combi 155 boiler with natural-gas hot-water and baseboard heating. Additional features include ceiling fans, public water, a gas water heater, blown-in insulation, stucco construction, and basement space. The duplex configuration supports either an owner-occupant arrangement or separate residential occupancy, as reflected by the two-unit layout.
Building systems include a high-efficiency Ideal Exalt Combi 155 boiler with natural-gas hot-water and baseboard heating. Additional features include ceiling fans, public water, a gas water heater, blown-in insulation, stucco construction, and basement space. The duplex configuration supports either an owner-occupant arrangement or separate residential occupancy, as reflected by the two-unit layout.
Key Highlights
- Two‑unit duplex with 1,840 square feet of property size
- 0.1102‑acre lot with covered porches and a cement driveway
- Cement‑block garage accommodates more than 4 vehicles
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
$16,665
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
7.41%
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%
$333,300
$333.3K
Cap Rate 7%
$238,071
$238.1K
Cap Rate 9%
$185,167
$185.2K
Market Conditions
NOI Build-Up for 1,840 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
$25.4K $13.80/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$23.8K $12.94/SF
− OpEx
−$7.1K −$3.88/SF
NOI
$16.7K $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 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%
$333,300
Cap Rate 7%
$238,071
Cap Rate 9%
$185,167
Alternative Uses
Best Use
Multifamily LT 5
$238.1K
$208.3K – $277.8K
NOI $16,665 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,317 @ 7.0% cap · market cap 6.81%
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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Open Analytics
Current Use
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?
Duplex - Two-unit property with spacious interiors, covered porches, hardwood flooring, and flexible garage space for vehicles or projects.
Where is this duplex located?
The property is located at 705 Tilden Avenue 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: Two‑unit duplex with 1,840 square feet of property size; 0.1102‑acre lot with covered porches and a cement driveway; Cement‑block garage accommodates more than 4 vehicles
