Turnkey Airbnb Studio Apartment
7373 Rt 20 Waterville, NY 13480
For Sale
$599,900
MULTI_FAMILY - Waterville, NY
Property Size2,112 SF
Price / SF$284.04
Days on Market150
Property Features for 7373 Rt 20
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Rooms
Bedroom 1
Parking features
Driveway, Garage
Exterior features
BlacktopDriveway, Fence
Fencing
Fenced
Appliances
ElectricOven, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator, WaterSoftenerRented
Standard status
Active
APN
392.000-2-33.1
Size
2,112 SF
Taxes and HOA fees
Tax Annual Amount
7276
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1950
Floors in Building
1
Number of units
8
Flooring type
Varies, Laminate, Tile
Building materials
AtticCrawlHatchwaysInsulated, Brick
Roof type
Shingle, Asphalt
Listing Agency:
Assist2Sell Buyers & Sellers 1st Choice
(315) 735-9244
Listed By:
Martin C. Bell · License #40BE1090095
(315) 794-6090
Added: Mar 2
Changed: Jul 12
Last Checked: Jul 30 at 12:06AM
MLS# S1663739
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.
This turnkey apartment building is currently operating as a short-term rental with eight fully furnished studio apartments. Each unit includes a full bath, refrigerator, stove, microwave, and flat-screen TV, along with an A/C window unit. The property also features laundry on site, high-speed internet with an eero boost system, and a large blacktop parking lot with ample space for each unit.
Recent and planned updates include a new privacy fence and water softener installed in 2025, brand-new electronic door locks for each unit in 2026, and all hot water tanks being less than five years old. A $150 cleaning fee is charged to guests per unit per stay and is not included in the gross annual income reported by the owner. The current arrangement includes unit-level monthly rent figures provided by the owner, and the rental structure includes weekly rates as described in the remarks.
The building is located at 7373 Rt 20 in Waterville, New York, in Oneida County.
Recent and planned updates include a new privacy fence and water softener installed in 2025, brand-new electronic door locks for each unit in 2026, and all hot water tanks being less than five years old. A $150 cleaning fee is charged to guests per unit per stay and is not included in the gross annual income reported by the owner. The current arrangement includes unit-level monthly rent figures provided by the owner, and the rental structure includes weekly rates as described in the remarks.
The building is located at 7373 Rt 20 in Waterville, New York, in Oneida County.
Key Highlights
- Operating short‑term rental setup with 8 studio apts currently furnished and in use as an Airbnb
- 8 studio apts include in‑unit full baths and appliances such as refrigerators, stoves/electric ranges, and microwaves
- Parking and access: garage plus blacktop driveway and a large blacktop parking lot; fenced exterior
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $16.20 |
| − Vacancy | −$2.2k | −$1.06 |
| EGI | $32.0k | $15.14 |
| − OpEx | −$14.4k | −$6.81 |
| NOI | $17.6k | $8.32 |
2,112 SF · lease $16.20/SF/yr · vacancy 6.57% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$251.2K
$219.8K – $293.0K
NOI $17,582 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.6K
$487.0K – $649.3K
NOI $38,959 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully furnished studio units operate as a short-term rental, each with a window A/C unit and on-site laundry.
Where is this apartment building located?
The property is located at 7373 Rt 20 Waterville, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Operating short‑term rental setup with 8 studio apts currently furnished and in use as an Airbnb; 8 studio apts include in‑unit full baths and appliances such as refrigerators, stoves/electric ranges, and microwaves; Parking and access: garage plus blacktop driveway and a large blacktop parking lot; fenced exterior
