Courtesy: Keller Williams Upstate NY Properties
607-431-2540
Huge 5-unit building located in the heart of downtown Oneonta. Two 1 bedroom, Two 2 bedroom, and One studio. Centrally situated near Main Street, shopping, dining, and local colleges. Currently, 3 of the 5 units are rented, offering immediate income with value-add potential. The property needs interior and exterior improvements, making it an excellent opportunity for investors or owner-occupants looking to renovate and maximize returns. Five-unit buildings in this prime central location are a rare find. Current annual rental income $25,350.
Courtesy: Benson Agency Real Estate LLC
607-432-4391
6 UNITS, 16 BEDROOMS, 7 BATHROOMS! GREAT LOCATION, solid rental history, close to both colleges, a block to bus stop, great parking, short walk to Main Street. 3 two bedrooms, 2 three bedrooms, 1 four bedroom, all furnished. Boiler new 2010. Common laundry in basement, as well as 2 laundry areas upstairs (new 2017 & 2023). COC in place. Includes 2 parcels, 2nd tax map# 288.17-3-16. RENTS: Apt 1- 12 month lease, $1050 month, 2 bedrooms, rented thru 12/31/25. Apt 2 - $1250 per month, 2 bedrooms, lease thru 9/30/25 . Apt 3 - $1650 per month, 3 bedrooms. 11 month lease thru 5/30/26, Apt 4 - $1250 per month, 12 month lease, 2 bedrooms, rented thru 5/31/26. Apt 5 - $1250 per month, 3 bedrooms, rented mo/mo. Apt 6 - $3750 per student/per semester, 4 bedrooms/3 students, lease thru 5/17/26. Projected income: $107,400, Expenses: $54,717, which includes $9,762 management fee. Many recent improvements including new laundry area and new sewer line to the street.
Oneonta is located in New York. Oneonta, New York has a population of 12,764. Oneonta is less family-centric than the surrounding county with 21.07% of the households containing married families with children. The county average for households married with children is 24%.
The median household income in Oneonta, New York is $58,499. The median household income for the surrounding county is $60,523 compared to the national median of $69,021. The median age of people living in Oneonta is 21.9 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 12.1 degrees. The average rainfall is approximately 41.7 inches per year, with 82.6 inches of snow per year.
