Occupied Three-Unit
For Sale
$299,000
88-90 Center St, Oneonta, NY 13820
Fully occupied multifamily property near downtown shopping, restaurants, and major local institutions.
Property Size2,168 SF
Days on Market47
Property Features for 88-90 Center St
General Information
Standard status
Active
Size
2,168 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,045
Building Details
Building Size
2,168 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
Keller Williams Upstate New York Properties
Listed By:
Anthony Heath · License #10401359601
(607) 267-3166
Source:
Elliman
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 7:55AM
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 Keller Williams Upstate New York Properties
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Investment Insights
Based on property information with market context.
Built in 1900, this three-unit triplex is fully occupied and positioned as a residential income property in Oneonta. The property has an established rental history and offers three residential units within one multifamily asset.
Located at 88-90 Center St, the property is near Main Street and downtown Oneonta’s shopping and restaurant offerings. Hartwick College, SUNY Oneonta, and A.O. Fox Hospital are also identified as nearby destinations. Walk Score is 35, classified as Car-Dependent, while Bike Score is 24, classified as Somewhat Bikeable.
Located at 88-90 Center St, the property is near Main Street and downtown Oneonta’s shopping and restaurant offerings. Hartwick College, SUNY Oneonta, and A.O. Fox Hospital are also identified as nearby destinations. Walk Score is 35, classified as Car-Dependent, while Bike Score is 24, classified as Somewhat Bikeable.
Key Highlights
- Three‑unit triplex built in 1900
- Fully occupied with established rental history
- 88‑90 Center St location in Oneonta, NY 13820
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,931
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,620
$378.6K
Cap Rate 7%
$270,443
$270.4K
Cap Rate 9%
$210,344
$210.3K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$28.6K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$27.0K $12.47/SF
− OpEx
−$8.1K −$3.74/SF
NOI
$18.9K $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%
$378,620
Cap Rate 7%
$270,443
Cap Rate 9%
$210,344
Alternative Uses
Best Use
Multifamily LT 5
$270.4K
$236.6K – $315.5K
NOI $18,931 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,671 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$597.6K
$522.9K – $697.2K
NOI $41,834 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,038
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied multifamily property near downtown shopping, restaurants, and major local institutions.
Where is this triplex located?
The property is located at 88-90 Center St Oneonta, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1900; Fully occupied with established rental history; 88‑90 Center St location in Oneonta, NY 13820
