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New
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$367,500

For Sale

2 days ago

MLS® R1666043

7 Bed

2 Bath

2354 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 2354 sqft
Garage Yes
Taxes $7,795
Days Active 1
Lot Size 0.14 acres
Approx. Age 1900
Avg. Price Per Sqft $156
MLS® Number R1666043

Property Address: 27 Church St, Oneonta, NY, 13820-1724

Average square foot calculated using Size range provided by listing agent.

Description

LISTING PRICE: $367, 500 2-Unit | 7-Bedroom Investment Property with Strong Rental History Fully leased for the 2025–2026 and 2026–2027 school years, this fully furnished property offers immediate and reliable income. The building features two units: a 2-bedroom / 1 full bath apartment and a LEGAL 5-bedroom / 1 full bath apartment, plus a shared basement laundry room equipped with two washers and two dryers. Apartment 1 has been newly renovated with vinyl plank flooring and fresh paint. Apartment 2 has also been freshly painted and features hardwood floors on the second level and carpeting on the third floor. Conveniently located near downtown, the college campus, and bus routes, the property offers strong tenant appeal. All inspections have been completed, and a Certificate of Compliance is in place through 2029. The seller is a licensed real estate broker. This is an excellent turnkey investment opportunity with proven cash flow. History: 2024-2025 School Year: GROSS INCOME: $58, 000 NET OPERATING INCOME = $41, 221 2025-2026 School Year: GROSS INCOME: $51, 000 NET OPERATING INCOME= $36, 111 2026-2027 School Year: SIGNED GROSS INCOME: $53, 000 NET OPERATING INCOME: $38, 111 (Group of 4 signed at $4400/semester/student with a 5th that tentatively plans on signing this spring. When the 5th is signed, rent for all 5 is $4000/semester/student) POTENTIAL GROSS INCOME: $57, 800 POTENTIAL NOI: $42, 911 TOTAL EXPENSES: $14, 889 Land & School Taxes = $7, 389 Insurance = $1, 500 Heat/Electric = $3, 500 Cable/Internet = $1, 200 Garbage = $500 Water/Sewer = $800 Cap Rate: 10.37% (Potential Cap Rate: 11.68% )
MLS® NumberR1666043
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageYes
Approx. Age1900
BasementWalk Out Access
DrivewayTwo Or More Spaces
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$367,500List Price
  • Commute

Commute

Starting Address
Destination Address
27 Church St, Oneonta, NY

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