34 Pine ST Oneonta, NY 13820
7 Beds
4 Baths
1,720 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,720 sqft
Price per Sqft $130
MLS Listing ID S1669912
Bedrooms 7
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,531
Lot Dimensions 48X120
Property Sub-Type Multi Family
Property Description
Opportunity knocks in Oneonta with 34 Pine Street, a well-performing two-family duplex offering both steady rental income and an added bonus revenue stream. The property features one 3-bedroom unit and one 2-bedroom unit, providing flexibility and strong tenant appeal.
Each unit is equipped with separate utilities, helping keep operating expenses low, with the owner responsible only for water and sewer. In addition to residential income, the property includes a garage currently rented long-term for tool storage, creating supplemental, reliable income. The property generates a current annual NOI of $15,575.
Portfolio Sale Requirement
34 Pine Street is part of a three-property investment package that must be sold together, delivering scale and consistent returns:
14–16 Otsego Street – Two-family duplex with 6 bedrooms / 2 bathrooms (two 3BR units), separate utilities, NOI: $17,800
1–3 Birch Street – Two-family duplex with one 3-bedroom and one 2-bedroom unit, separate utilities, NOI: $16,125
Investment Highlights:
Total Portfolio NOI: $49,500
Offered at a 7.125% cap rate
6 total units across 3 properties
Separate utilities in all units for efficient management
Additional income stream from garage rental at Pine Street
Located in a strong, consistent rental market
Why 34 Pine St Stands Out:
Multiple income streams (residential + garage rental)
Desirable unit mix appealing to a wide tenant base
Stable cash flow with potential for future rent increases
Positioned as a key component of this income-generating portfolio, 34 Pine Street offers both stability and upside—ideal for investors looking to expand with a turnkey package in Oneonta.
Location
State NY
County Otsego
Area Oneonta-City-361200
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Varies, Vinyl
Fireplace No
Appliance See Remarks, Water Heater
Exterior
Garage Spaces 1.0
Utilities Available Sewer Connected, Water Connected
Garage Yes
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Oneonta
Others
Senior Community No
Tax ID 288.18-5-47
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1669912
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