Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    403 Oneida St Fulton, NY 13069

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 403 Oneida St

    Year built
    1930
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a stabilized four-unit apartment building located at 403 Oneida St, Fulton, NY 13069. Built in 1930, this Class C property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $37,460, resulting in a compelling 14.98% capitalization rate. The asking price is $250,000, translating to $62,500 per unit. The property is ideally situated near Micron, offering strong rental demand and potential for future appreciation. Individual electrical meters provide efficient utility management. This is a cash-flowing investment perfect for a 1031 exchange. The property consists of one building with four units and is currently operating at full occupancy. Financial projections indicate a consistent 14.98% pro-forma capitalization rate and a pro-forma NOI of $37,460, demonstrating the stability and profitability of this investment. Cash offers only are being considered by the seller. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's strong cash flow and high occupancy rate make it an attractive investment for both seasoned and new investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fulton
    County
    Oswego
    State
    New York
    Longitude
    -76.4126
    Latitude
    43.3259

    Comparable in this City

    • Value Estimation
      $250,000
      832 SF

      925 Phillips St

      CAMPGROUND, RV PARK • 832 SF
      925 Phillips St, Fulton, NY 13069-1526
      View Details
    • Value Estimation
      $290,000
      1,232 SF

      393 Rathburn Rd

      MOBILE HOME PARK, TRAILER PARK • 1,232 SF
      393 Rathburn Rd, Fulton, NY 13069-4644
      View Details
    • Value Estimation
      $275,000
      53.30 Acres

      431-69 Rathburn Rd

      MOBILE HOME PARK, TRAILER PARK • 53.30 Acres
      431-69 Rathburn Rd, Fulton, NY 13069
      View Details
    • Value Estimation
      $245,000
      980 SF

      1 Furlong Dr

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      1 Furlong Dr, Fulton, NY 13069-4157
      View Details
    • Value Estimation by Request

      207 2Nd St

      Multifamily properties
      207 2Nd St, Fulton, NY 13069
      View Details
    • Value Estimation
      $245,000
      980 SF

      844 Gilbert Mls Rd, Unit 50

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      844 Gilbert Mls Rd, Fulton, NY 13069-4566
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redevelopment Opportunity in Fulton, NY

      81 x 173 foot lot, redevelopment opportunity.
      397 W 1St St S, Fulton, NY 13069
      View Details
    • $124,900

      Corner Lot Two-Unit Property

      Two-unit property with detached garage and potential for owner occupancy.
      216 Phillips St, Fulton, NY 13069
      View Details
    • $550,000
      12.41 Acres

      Fulton, NY Development Land

      12.41 Acres, Mixed-Use Potential
      0 4Th St, Fulton, NY 13069
      View Details
    • $130,000
      2.13 Acres

      Fulton, NY Development Land

      2.13 Acres, $130,000 - High Traffic Area
      0 Fay St, Fulton, NY 13069
      View Details
    • Contact for pricing

      Fulton Outparcel Near Walmart

      1.58 AC outparcel zoned CIT in front of Walmart.
      1818 State Route 3, Fulton, NY 13069
      View Details
    • $850,000
      6,488 SF

      Landmark Restaurant with River Views

      Restaurant, bar, and patio with views of Oswego River.
      24 S 1St St, Fulton, NY 13069
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      86,400 SF

      Fulton Warehouse with High Ceilings

      86,400 SF warehouse space featuring 26' clear ceiling height.
      1850 County Route 57, Fulton, NY 13069
      View Details
    • $2,500 /Mo

      Office Space for Rent

      Office space available for lease in Fulton, NY.
      117 A Schuyler St, Fulton, NY 13069
      View Details
    • Contact for pricing
      7,200 SF

      Fulton Retail Space Available

      Prime Fulton location, versatile retail space.
      104 Broadway, Fulton, NY 13069
      View Details
    • Contact for pricing
      11,397 SF

      Fulton Retail Space - Prime Location

      11,397 SF Former Pharmacy, High Traffic
      103 Broadway, Fulton, NY 13069
      View Details
    • Contact for pricing
      11,397 SF

      Retail Space on East Broadway

      Retail space for lease in Fulton, NY with ample parking.
      110 E Broadway, Fulton, NY 13069
      View Details
    • $599,000

      Fulton Commercial Building For Rent

      18,000 sq ft commercial building with flexible layouts.
      803-807 S 4Th St, Fulton, NY 13069
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    403 Oneida St
    Fulton, NY 13069
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.