Building Details

Building Size 3,294 SF

Year Built 1997

Stories 2

Units 3

Listing Agency: Howard Hanna Real Estate

Listed By: Sandra L. Farrands Show Phone

Source: Elliman

Added: Nov 4 Last Checked: Nov 4 at 2:44PM

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Investment Insights

Based on property information with market context.

Set on 2.66 acres in Scriba, this three-unit property combines a 2,094-square-foot main residence with two one-bedroom apartments. The primary living area has four bedrooms, two and a half bathrooms, formal dining, a family room, central air, bamboo flooring, and a full basement. Public water serves the property, and professionally installed gutters are also in place. The residence was built in 1997.

The apartments have separate side entry and private parking at their entrance. Both are occupied by long-term tenants. The main residence can also be converted to a single-family home, according to the property's stated configuration.

Key Highlights

• Three units on 2.66 acres in Scriba
• 2,094‑square‑foot main residence with 4 bedrooms and 2 1/2 bathrooms
• Two additional one‑bedroom apartments with long‑term tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,165

Cap Rate

7.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$543,300 $543.3K

Cap Rate 7%

$388,071 $388.1K

Cap Rate 9%

$301,833 $301.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,294 SF

Gross rent

$41.5K $12.60/SF

− Vacancy

−$2.7K −$0.82/SF

EGI

$38.8K $11.78/SF

− OpEx

−$11.6K −$3.53/SF

NOI

$27.2K $8.25/SF

Area

Oswego County, NY

Vacancy

6.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$543,300

Cap Rate 7%

$388,071

Cap Rate 9%

$301,833

Alternative Uses

Best Use

Multifamily LT 5

$388.1K

$339.6K – $452.8K (±1% cap)

NOI $27,165 @ 7.0% cap · market cap 7.15%

Second Best

Apartment 5plus

$361.0K

$315.9K – $421.2K (±1% cap)

NOI $25,270 @ 7.0% cap · market cap 6.65%

Theoretical Best

Office A

$657.0K

$574.9K – $766.5K (±1% cap)

NOI $45,992 @ 7.0% cap · market cap 12.11%

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 13126, NY

35,477

Population

15,668

Households

2.3

Avg Household Size

36

Median Age

29%

College-Educated

92%

High-School Grad

100.7 sq mi

ZIP Area

352

Density / Sq Mi

$63,590

Median Household Income

$30,469

Median Earnings

$992

Median Rent

$134,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - A 4-bedroom primary residence is paired with two occupied one-bedroom apartments on a 2.66-acre parcel.

Where is this triplex located?

The property is located at 925 County Route 29 Scriba, NY.

What is the asking price?

The asking price for this property is $379,900.

What are key features of this property?

This property features: Three units on 2.66 acres in Scriba; 2,094‑square‑foot main residence with 4 bedrooms and 2 1/2 bathrooms; Two additional one‑bedroom apartments with long‑term tenants