19 Bronk St · Oneonta, NY 13820

$325,000

7 bd · 3.0 ba · 3,918 sqft · MultiFamily public records · 30 Days on market

Built 1930 7,405 sqft lot

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.8/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

This property offers a lucrative investment opportunity in the City of Oneonta with a 10% capitalization rate. This well-maintained three-unit rental property will be a strong portfolio builder for any real estate investor. It would also be an ideal owner-occupier rental property if you're just getting started. Each unit has its own level and its own exterior access which lends itself to three very spacious apartments with plenty of privacy. Each has been well maintained with good rental history. The rents, which are currently around $950 per month have room to increase in the busy Oneonta rental market (most likely $1,200 to $1,400 per month for long-term tenants or $1,700 to $, 1800 per month as a student rental). Last year the landlord grossed $32,100 in rents and had expenses of $9,000. Tenants pay utilities other than garbage removal. The cap rate is approximately 10% but with room to run with increased rents. The property is ideally situated near Harwick and SUNY, with mountain views. It has a nice area for grilling with a cement patio area and a covered porch for the two upper apartments to share. There is a nice grassy yard around the building. The paved driveway offers off-

Key facts

• City utilities
• Separate utilities
• Washer and dryer

Tags

• TRIPLEX
• SEPARATE ENTRANCES
• SEPARATE UTILITIES
• WASHER AND DRYER
• OFF-STREET TENANT PARKING
• CITY UTILITIES

Property features AI

Finance

• Financial info: Operating expenses include insurance and water/sewer; Owner pays trash collection and water; rent includes trash collection and water

Exterior

• Parking: Two or more parking spaces
• Utilities: Public water connected; Sewer connected
• Home design: Multi-unit property with 3 total units; Two-story building; Existing construction
• Construction: Vinyl siding; Below-grade finished area (basement)
• Exterior features: Irregular residential lot; City street frontage; Below-grade finished area included

Interior

• Kitchen: Electric water heater (appliance listed)
• Bedrooms: Multiple bedrooms (unit-level details not provided)
• Flooring: Carpet; Hardwood; Vinyl; Varied flooring
• Bathrooms: Three full bathrooms
• Heating & cooling: Gas heating; Baseboard heating; Forced air heating; Multiple heating units
• Interior features: Walk-out basement access; Carpet, hardwood, vinyl, and varied flooring throughout
• Laundry & utility: Separate electric meters for each unit; Separate gas meters for each unit

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $325k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $365/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $325k).
• Recommended offer: $320k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 5.5% in Oneonta — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#253 in NY, #4,021 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: amenities C-, crime F, commute F.
• Oneonta City School District (town): math 46% / reading 57% proficiency, ranked #374 of 590 in NY (top 63%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 118 active listings in the ZIP; 133 units permitted in Otsego County in 2024 (10 in 5+ unit buildings).
• At $4,378/mo this rent would consume 80% of the median local household income ($66k/yr) (locally 662% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $35k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
• Otsego County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $91k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($320k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $229k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $320,125 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 10.33%
• Cash-on-cash: 14.43%
• DSCR: 1.64
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.9%
• Equity multiple: 3.71×
• Total profit: $246,850
• Equity at exit: $292,786

10-year hold

• IRR: 30.1%
• Equity multiple: 8.39×
• Total profit: $672,390
• Equity at exit: $631,404

Cash invested: $91,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 13820

• Home prices YoY: 22.7%
• Active inventory: 118
• Price-to-rent: 18.6×

Monthly cashflow live

• Estimated rent: $4,378 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$524 /mo · $6,293/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$919
• Net cashflow: $1,094

Break-even live

Break-even rent $2,993

Max offer price $325,000

Occupancy floor 70%

Sensitivity live

Price	-10% $1,278	-5% $1,186	+0% $1,094	+5% $1,002	+10% $910
Rent	-10% $749	-5% $922	+0% $1,094	+5% $1,267	+10% $1,440
Rate	-1.0pp $1,258	-0.5pp $1,177	base $1,094	+0.5pp $1,010	+1.0pp $925

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$4,377
Total (3 units)			$4,378

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $325,000 Active 30 DOM
2. 2026-06-18
   days on market $325,000 Active 29 DOM
3. 2026-06-17
   days on market $325,000 Active 28 DOM
4. 2026-06-16
   days on market $325,000 Active 27 DOM
5. 2026-06-15
   days on market $325,000 Active 26 DOM
6. 2026-06-14
   days on market $325,000 Active 24 DOM
7. 2026-06-12
   days on market $325,000 Active 23 DOM
8. 2026-06-09
   days on market $325,000 Active 20 DOM
9. 2026-06-08
   days on market $325,000 Active 19 DOM
10. 2026-06-07
    days on market $325,000 Active 18 DOM
11. 2026-06-07
    days on market $325,000 Active 17 DOM
12. 2026-06-02
    days on market $325,000 Active 13 DOM
13. 2026-06-01
    days on market $325,000 Active 12 DOM
14. 2026-05-31
    days on market $325,000 Active 11 DOM
15. 2026-05-31
    days on market $325,000 Active 10 DOM
16. 2026-05-19
    listed $325,000 Active
17. 2022-01-24
    soldstatus $229,000
18. 2022-01-10
    soldstatus $229,000 1201-char remark

    Show marketing remark (1743 chars)

    This property offers a lucrative investment opportunity in the City of Oneonta with a 10% capitalization rate. This well-maintained three-unit rental property will be a strong portfolio builder for any real estate investor. It would also be an ideal owner-occupier rental property if you're just getting started. Each unit has its own level and its own exterior access which lends itself to three very spacious apartments with plenty of privacy. Each has been well maintained with good rental history. The rents, which are currently around $950 per month have room to increase in the busy Oneonta rental market (most likely $1,200 to $1,400 per month for long-term tenants or $1,700 to $, 1800 per month as a student rental). Last year the landlord grossed $32,100 in rents and had expenses of $9,000. Tenants pay utilities other than garbage removal. The cap rate is approximately 10% but with room to run with increased rents. The property is ideally situated near Harwick and SUNY, with mountain views. It has a nice area for grilling with a cement patio area and a covered porch for the two upper apartments to share. There is a nice grassy yard around the building. The paved driveway offers off-street parking and the dead-end means there is space to park as many cars as needed when guests are visiting. Gas heating units have been updated, as well as hot water heaters. Gas and electricity are metered separately. There is a clean and dry utility room on the ground level of the property. The property has been well-maintained. Most windows are updated. The siding is vinyl and the roof appears to be in decent shape. This cash-generating property will be a great fit for someone's real estate portfolio. Call to schedule your showing!

19. 2022-01-10
    soldstatus $229,000 1743-char remark

    Show marketing remark (1743 chars)

    This property offers a lucrative investment opportunity in the City of Oneonta with a 10% capitalization rate. This well-maintained three-unit rental property will be a strong portfolio builder for any real estate investor. It would also be an ideal owner-occupier rental property if you're just getting started. Each unit has its own level and its own exterior access which lends itself to three very spacious apartments with plenty of privacy. Each has been well maintained with good rental history. The rents, which are currently around $950 per month have room to increase in the busy Oneonta rental market (most likely $1,200 to $1,400 per month for long-term tenants or $1,700 to $, 1800 per month as a student rental). Last year the landlord grossed $32,100 in rents and had expenses of $9,000. Tenants pay utilities other than garbage removal. The cap rate is approximately 10% but with room to run with increased rents. The property is ideally situated near Harwick and SUNY, with mountain views. It has a nice area for grilling with a cement patio area and a covered porch for the two upper apartments to share. There is a nice grassy yard around the building. The paved driveway offers off-street parking and the dead-end means there is space to park as many cars as needed when guests are visiting. Gas heating units have been updated, as well as hot water heaters. Gas and electricity are metered separately. There is a clean and dry utility room on the ground level of the property. The property has been well-maintained. Most windows are updated. The siding is vinyl and the roof appears to be in decent shape. This cash-generating property will be a great fit for someone's real estate portfolio. Call to schedule your showing!

20. 2021-08-27
    listed $239,900 1201-char remark

    Show marketing remark (1743 chars)

    This property offers a lucrative investment opportunity in the City of Oneonta with a 10% capitalization rate. This well-maintained three-unit rental property will be a strong portfolio builder for any real estate investor. It would also be an ideal owner-occupier rental property if you're just getting started. Each unit has its own level and its own exterior access which lends itself to three very spacious apartments with plenty of privacy. Each has been well maintained with good rental history. The rents, which are currently around $950 per month have room to increase in the busy Oneonta rental market (most likely $1,200 to $1,400 per month for long-term tenants or $1,700 to $, 1800 per month as a student rental). Last year the landlord grossed $32,100 in rents and had expenses of $9,000. Tenants pay utilities other than garbage removal. The cap rate is approximately 10% but with room to run with increased rents. The property is ideally situated near Harwick and SUNY, with mountain views. It has a nice area for grilling with a cement patio area and a covered porch for the two upper apartments to share. There is a nice grassy yard around the building. The paved driveway offers off-street parking and the dead-end means there is space to park as many cars as needed when guests are visiting. Gas heating units have been updated, as well as hot water heaters. Gas and electricity are metered separately. There is a clean and dry utility room on the ground level of the property. The property has been well-maintained. Most windows are updated. The siding is vinyl and the roof appears to be in decent shape. This cash-generating property will be a great fit for someone's real estate portfolio. Call to schedule your showing!

21. 2021-08-27
    listed $239,900 1743-char remark

    Show marketing remark (1743 chars)

    This property offers a lucrative investment opportunity in the City of Oneonta with a 10% capitalization rate. This well-maintained three-unit rental property will be a strong portfolio builder for any real estate investor. It would also be an ideal owner-occupier rental property if you're just getting started. Each unit has its own level and its own exterior access which lends itself to three very spacious apartments with plenty of privacy. Each has been well maintained with good rental history. The rents, which are currently around $950 per month have room to increase in the busy Oneonta rental market (most likely $1,200 to $1,400 per month for long-term tenants or $1,700 to $, 1800 per month as a student rental). Last year the landlord grossed $32,100 in rents and had expenses of $9,000. Tenants pay utilities other than garbage removal. The cap rate is approximately 10% but with room to run with increased rents. The property is ideally situated near Harwick and SUNY, with mountain views. It has a nice area for grilling with a cement patio area and a covered porch for the two upper apartments to share. There is a nice grassy yard around the building. The paved driveway offers off-street parking and the dead-end means there is space to park as many cars as needed when guests are visiting. Gas heating units have been updated, as well as hot water heaters. Gas and electricity are metered separately. There is a clean and dry utility room on the ground level of the property. The property has been well-maintained. Most windows are updated. The siding is vinyl and the roof appears to be in decent shape. This cash-generating property will be a great fit for someone's real estate portfolio. Call to schedule your showing!

22. 2016-05-24
    soldstatus $180,000
23. 2016-05-23
    soldstatus $180,000
24. 2016-01-05
    listed $194,500
25. 2015-07-01
    listed $199,000
26. 2014-07-07
    listed $206,900
27. 2012-05-12
    listed $214,900
28. 2006-06-08
    soldstatus $190,000
29. 2006-06-05
    soldstatus $190,000
30. 2006-03-27
    listed $205,000
31. 1998-04-03
    soldstatus $80,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $6,293 · $524/mo
• Projected year-2 tax: $6,293 · $524/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥93°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,536
• − Mortgage interest: −$18,205
• − Property taxes: −$6,293
• − Insurance: −$1,625
• − Repairs & maintenance: −$4,203
• − Management: −$4,203
• − Depreciation: −$9,455
• Taxable income: $8,553
• Est. tax owed @ 24.0%: −$2,053
• After-tax cash flow: $11,081/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Oneonta City School District
• NCES district ID: 3621780
• Math proficiency: 46% ▼ -2.00%
• Reading proficiency: 57% ▲ 14.00%
• Median HH income: $41,631
• Composite: 43.19/100
• National rank: #3066
• State rank: #374 of 590 in NY

Livability — Oneonta

• Score: 75/100
• State rank: #253
• US rank: #4021

Category grades

Amenities C- Commute F Cost of living B+ Crime F Employment C+ Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oneonta, NY
• County: Otsego County · 23,056 people
• City population: 23,056
• Metro: Oneonta, NY
• Population (ZIP): 23,056
• Household income: $65,953
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 662.0

Population outlook (Otsego County) Hauer SSP2

• Today (2025): 57,987 people
• By 2030: 55,403 · -4.5%
• By 2040: 50,336 · -13.2%
• By 2050: 45,715 · -21.2%
• By 2075: 38,769 · -33.1%
• By 2100: 33,468 · -42.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 6% Black 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Otsego

• 2024 margin: Lean R (+7.9) · D 46.1% · R 53.9%
• 2008→2024 swing: -13.8pp toward R · 2008: 5.9pp · 2024: -7.9pp
• All cycles: 2024: R+7.9 2020: R+5.0 2016: R+13.0 2012: D+2.0 2008: D+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 67.86%
• Current HPI: 366.3391
• Rent YoY: —
• Metro: Oneonta, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+306.2% since first listed

16 events — show timeline

• 2026-05-19 Listed $325,000 UNYREIS
• 2022-01-24 Sold (Public Records) $229,000 Public Records
• 2022-01-10 Sold (MLS) $229,000 ODBOR
• 2022-01-10 Sold (MLS) $229,000 UNYREIS
• 2021-08-27 Listed $239,900 ODBOR
• 2021-08-27 Listed $239,900 UNYREIS
• 2016-05-24 Sold (Public Records) $180,000 Public Records
• 2016-05-23 Sold (MLS) $180,000 UNYREIS
• 2016-01-05 Listed $194,500 UNYREIS
• 2015-07-01 Listed $199,000 UNYREIS
• 2014-07-07 Listed $206,900 UNYREIS
• 2012-05-12 Listed $214,900 UNYREIS
• 2006-06-08 Sold (MLS) $190,000 UNYREIS
• 2006-06-05 Sold (Public Records) $190,000 Public Records
• 2006-03-27 Listed $205,000 UNYREIS
• 1998-04-03 Sold (Public Records) $80,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $6,293 · +5.6% YoY. Source: county tax records.