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Mixed-Use Multifamily Residence
For Sale
$229,900

726 N James Street, Rome, NY 13440

Two-family tax classification with a 3-bed apartment plus seven private single-room units and shared kitchen and bathrooms.

Property Size4,098 SF
Days on Market44

Property Features for 726 N James Street

General Information

Standard status Active
Size 4,098 SF
Property subtype Multi Family Home

Taxes and HOA fees

Annual Taxes $6,778

Amenities

updated vinyl windows
walk-up attic
dry functional basement

Building Details

Building Size 4,098 SF
Year Built 1890
Stories 2
Units 8
Listing Agency: Coldwell Banker Faith Properties R
Listed By: Lori A. Frieden
Source: Homeprocny
Added: Jul 11 Changed: Aug 23 Last Checked: Aug 22 at 7:24AM

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 Faith Properties R

Investment Insights

Based on property information with market context.

This uniquely configured multifamily residence combines a main-level 3-bedroom, 1-bath apartment with a front portion that operates as a rooming house or hostel-style setup. The main level includes both side and rear entrances, while the front portion provides seven private single-room units, two shared full bathrooms, and a communal kitchen. The property is currently generating rental income and includes long-term tenants.

Additional improvements include updated vinyl windows throughout, an insulated and well-ventilated walk-up attic, and a dry, functional basement that houses the mechanical systems. City tax records note inclusion of unmetered water, public sewer, and weekly garbage and green waste pick up as reflected for a two-unit rental.

The layout offers flexibility for an owner-occupant who wants to occupy the 3-bedroom apartment while receiving income from the remaining rooming-house configuration.

Key Highlights

  • Year built 1890; city tax records classify the property as a two‑family residence
  • Main level includes a 3‑bed, 1‑bath apartment with side and rear entrances
  • Front portion operates as a rooming/hostel‑style setup with seven private single‑room units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Storage Facility Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby

Demographics for 13440, NY

41,024
Population
19,286
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
116.5 sq mi
ZIP Area
352
Density / Sq Mi
$65,497
Median Household Income
$43,747
Median Earnings
$863
Median Rent
$155,800
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?
Apartment building - Two-family tax classification with a 3-bed apartment plus seven private single-room units and shared kitchen and bathrooms.
Where is this apartment building located?
The property is located at 726 N James Street Rome, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Year built 1890; city tax records classify the property as a two‑family residence; Main level includes a 3‑bed, 1‑bath apartment with side and rear entrances; Front portion operates as a rooming/hostel‑style setup with seven private single‑room units
More about this property
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