14-16 Otsego ST Oneonta, NY 13820
6 Beds
2 Baths
2,756 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,756 sqft
Price per Sqft $90
MLS Listing ID S1669841
Style Duplex
Bedrooms 6
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,877
Lot Dimensions 60X165
Property Sub-Type Multi Family
Property Description
Don't miss this outstanding opportunity to own a well-performing two-family property in the heart of Oneonta. 14–16 Otsego Street is a spacious duplex featuring 6 bedrooms and 2 bathrooms, with each unit offering 3 bedrooms, making it highly desirable for tenants seeking larger living spaces.
Each unit is equipped with separate utilities, helping to minimize owner expenses, while the owner is responsible only for water and sewer. The property has a strong rental history and currently produces a solid annual NOI of $17,800, making it an excellent cash-flowing asset from day one.
Portfolio Sale Requirement
This property must be purchased as part of a three-property investment package, offering scale and consistent returns:
1–3 Birch Street – Two-unit duplex (3BR + 2BR), separate utilities, NOI: $16,125
34 Pine Street – Two-unit duplex (3BR + 2BR), separate utilities, plus additional garage rental income, NOI: $15,575
Investment Overview:
Total Portfolio NOI: $49,500
Offered at a 7.125% cap rate
6 total units across 3 properties
Strong tenant demand in a proven rental market
Separate utilities throughout for efficient management
Why 14–16 Otsego St Stands Out:
Larger unit layouts (all 3-bedroom units) attract stable, long-term tenants
Central location near schools, downtown, and amenities
Consistent income with potential for future rent growth
Secure 14–16 Otsego Street as the cornerstone of a high-performing multi-family portfolio in Oneonta. An ideal opportunity for investors looking to step into immediate cash flow with built-in scale.
Location
State NY
County Otsego
Area Oneonta-City-361200
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Laminate, Varies, Vinyl
Fireplace No
Appliance See Remarks, Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Wood Siding
Construction Status Existing
Schools
School District Oneonta
Others
Senior Community No
Tax ID 300.6-3-19
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1669841
NEARBY SCHOOLS & PROPERTIES