34 Pine Street
Property Description
34 Pine Street - Income-Producing Duplex with Additional Revenue (Portfolio Sale Required) 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.
Broker Details
River Hills Properties LLC (315) 868-6719
MLS ID: themosherteam State License Number: 10301224028
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $215,000 |
| No. of Units: | 2 |
| Year Built: | 1900 |
| Lot Size: | 1,720.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $107,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-BNARNY-S1669912
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
106 Oak Avenue, Unit 0
Matamoras, Pennsylvania
817 Rear Court Street
Scranton, Pennsylvania
817 Rear Court Street
Scranton, PennsylvaniaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout