Duplex with Two 2-Bed
748 JAY ST Utica, NY 13501
748 JAY ST, Utica, NY, 13501
$169,900
For Sale
$169,900
Duplex with four 2-bedroom apartments, laundry hookups, and separate utilities, fully tenant occupied with 24-hour notice.
Property Size1,656 SF
Price / SF$102.60
Days on Market346
Property Features for 748 JAY ST
General Information
- Standard status
- Active
- Size
- 1,656 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
(315) 735-2222
Listed by
Coldwell Banker Faith Properties
(315) 534-6017
Source
Xome
Added: Aug 11, 2025 Updated: Jul 21 at 1:39PM Checked: Jul 22 at 3:50AM
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
Investment Insights
Based on property information with market context.
This duplex includes two 2-bedroom apartments on each floor. Each unit has laundry hook-ups available, and the property features separate utilities. The basement was upgraded with new windows installed in 2025, and the roof was replaced in summer 2025.
The property is currently fully tenant occupied, so showings require advance scheduling. Please allow 24 hours to arrange access.
Overall, the layout provides a straightforward income-producing configuration with two apartments per level and independent utility arrangements for each unit.
The property is currently fully tenant occupied, so showings require advance scheduling. Please allow 24 hours to arrange access.
Overall, the layout provides a straightforward income-producing configuration with two apartments per level and independent utility arrangements for each unit.
Key Highlights
- Duplex with four 2‑bedroom apartments (two per floor), fully tenant occupied with 24‑hour showing notice
- Separate utilities and laundry hook‑ups available in the apartments
- New roof installed in summer 2025
Local Financial Insights For Multifamily LT 5
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 | $22.9k | $13.80 |
| − Vacancy | −$1.4k | −$0.86 |
| EGI | $21.4k | $12.94 |
| − OpEx | −$6.4k | −$3.88 |
| NOI | $15.0k | $9.06 |
1,656 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.3K
$187.5K – $250.0K
NOI $14,999 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$196.9K
$172.3K – $229.8K
NOI $13,786 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$436.4K
$381.8K – $509.1K
NOI $30,547 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with four 2-bedroom apartments, laundry hookups, and separate utilities, fully tenant occupied with 24-hour notice.
Where is this duplex located?
The property is located at 748 JAY ST Utica, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Duplex with four 2‑bedroom apartments (two per floor), fully tenant occupied with 24‑hour showing notice; Separate utilities and laundry hook‑ups available in the apartments; New roof installed in summer 2025
