Updated
New
For Sale
$349,000
87 Chestnut Street, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size3,138 SF
Lot Size0.16 Acres
Price / SF$111.22
Days on Market1
Property Features for 87 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 6, Basement, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Directions
From Main Street, take Chestnut St to 87 Chestnut.
Subdivision
Oneonta-City-361200
Standard status
Active
APN
361200-300-005-0004-030-000-0000
Size
3,138 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
8988
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Varies, Vinyl
Building materials
BlownInInsulation, Frame
Architectural style
Other
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 431-2540
Listed By:
Anthony Heath · License #10401359601
(607) 267-3166
Added: Nov 5
Last Checked: Nov 5 at 1:06PM
MLS# R1727148
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.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,138 square feet on a 0.16-acre lot. The units have been remodeled, and the room inventory includes six bedrooms, four bathrooms, and a basement. Built in 1940, the building has frame construction, blown-in insulation, varied flooring including vinyl, and a gas water heater. Heating is natural gas forced air, and the property is served by public water.
The property is on Chestnut Street in Oneonta, near downtown shops, restaurants, and services. SUNY Oneonta and Hartwick College are also nearby, and public transit is within easy reach.
The property is on Chestnut Street in Oneonta, near downtown shops, restaurants, and services. SUNY Oneonta and Hartwick College are also nearby, and public transit is within easy reach.
Key Highlights
- Three‑unit residential property with 3,138 square feet
- 0.16‑acre lot in Oneonta
- Room inventory includes 6 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,400
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,000
$548.0K
Cap Rate 7%
$391,429
$391.4K
Cap Rate 9%
$304,444
$304.4K
Market Conditions
NOI Build-Up for 3,138 SF
Gross rent
$41.4K $13.20/SF
− Vacancy
−$2.3K −$0.73/SF
EGI
$39.1K $12.47/SF
− OpEx
−$11.7K −$3.74/SF
NOI
$27.4K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,000
Cap Rate 7%
$391,429
Cap Rate 9%
$304,444
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.5K – $456.7K
NOI $27,400 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$365.4K
$319.7K – $426.3K
NOI $25,578 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$865.0K
$756.9K – $1.01M
NOI $60,551 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer flexible occupancy, with public water and natural gas forced-air heating.
Where is this triplex located?
The property is located at 87 Chestnut Street Oneonta, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three‑unit residential property with 3,138 square feet; 0.16‑acre lot in Oneonta; Room inventory includes 6 bedrooms and 4 bathrooms
