Mixed-Use Building with
New
For Sale
$1,250,000
9-15 Elm Street, Oneonta, NY 13820
CommercialSale, Oneonta, NY
Property Size13,188 SF
Lot Size0.34 Acres
Price / SF$94.78
Days on Market2
Property Features for 9-15 Elm Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm-1
Zoning description
Commercial
Parking
15
Lot features
Rectangular, Rectangular Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Subdivision
Oneonta-City-361200
Standard status
Active
APN
300.6-1-33
Size
13,188 SF
Lot size
0.34 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
residential, retail
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
21017
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating), Forced Air
Water source
Public
Building Details
Year built
1988
Floors in Building
2
Number of units
8
Roof type
Flat
Buildings
1
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
Changed: Nov 6
Last Checked: Nov 6 at 12:06PM
MLS# R1727387
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 13,188-square-foot mixed-use property contains six apartments and two commercial spaces. Built in 1988, the building has natural gas and forced-air heating, public water and sewer, and a flat roof. The parcel encompasses 0.34 acres and is zoned Comm-1.
At the corner of Main Street and Elm Street in Oneonta, the property is close to public transit. More than 15 parking spaces serve residents and commercial customers. One business has occupied its space for over 10 years, and the larger commercial space has had only brief periods without a tenant over nearly a decade.
At the corner of Main Street and Elm Street in Oneonta, the property is close to public transit. More than 15 parking spaces serve residents and commercial customers. One business has occupied its space for over 10 years, and the larger commercial space has had only brief periods without a tenant over nearly a decade.
Key Highlights
- Six apartments and two commercial spaces
- 13,188 square feet in a building constructed in 1988
- 0.34‑acre parcel zoned Comm‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,153
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,060
$2.3M
Cap Rate 7%
$1,616,471
$1.6M
Cap Rate 9%
$1,257,256
$1.3M
Market Conditions
NOI Build-Up for 13,188 SF
Gross rent
$205.7K $15.60/SF
− Vacancy
−$24.7K −$1.87/SF
EGI
$181.0K $13.73/SF
− OpEx
−$67.9K −$5.15/SF
NOI
$113.2K $8.58/SF
Area
Otsego County, NY
Vacancy
12.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,060
Cap Rate 7%
$1,616,471
Cap Rate 9%
$1,257,256
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,352 @ 7.0% cap · market cap 10.19%
Second Best
Mixed Use
$1.62M
$1.41M – $1.89M
NOI $113,153 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,476 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
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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?
Mixed-use property - Six residential units sit alongside two commercial spaces, with on-site parking serving both uses.
Where is this mixed-use property located?
The property is located at 9-15 Elm Street Oneonta, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six apartments and two commercial spaces; 13,188 square feet in a building constructed in 1988; 0.34‑acre parcel zoned Comm‑1
