34 Pine St · Oneonta, NY 13820

$225,000

4 bd · 2.0 ba · 1,720 sqft · MultiFamily public records · 70 Days on market

Built 1900 $131/sqft · 40% below area Est $377k · 40% under

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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 +24.0/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +7.7/10.0
• 1% rule +6.7/10.0
• 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: 2 units. confirmed

Listing remarks MLS

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.

Key facts

• Separate utilities
• Garage rental
• Steady rental income

Tags

• INCOME PRODUCING DUPLEX
• SEPARATE UTILITIES
• GARAGE RENTAL
• STRONG TENANT APPEAL
• STEADY RENTAL INCOME

🏷️ Possibly a rental listed for sale. The $225,000 price doesn't fit this home's estimated sale value (~$376,617) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1×3bd/1.0ba + 1×2bd/1.0ba units multifamily listed at $225k.

Deal economics

• At list price, monthly cash flow is $440 ($5k/yr) — positive. Per door: $220/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $212k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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; 2 comparable units currently listed for rent nearby; 133 units permitted in Otsego County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $22k 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 $63k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $111k; list at $225k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.17% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.38%
• DSCR: 1.37
• GRM: 7.1

CMA / ARV

• ARV (median comp): $376,617
• List price: $225,000
• Delta: -40.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
64 Elm St	0.19mi	4/2.5	1,592 (-7%)	10mo	$207,500	$130	69
16 Cedar St	0.36mi	3/3.0 (-1)	1,800 (+5%)	8mo	$115,000	$64	60
35 Grove St	0.67mi	4/2.0	1,705 (-1%)	14mo	$152,000	$89	55
62 Church St	0.40mi	3/3.0 (-1)	1,738 (+1%)	18mo	$180,000	$104	55
34 Cherry St	0.58mi	5/2.0 (+1)	1,882 (+9%)	20mo	$257,000	$137	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 30.4%
• Equity multiple: 3.39×
• Total profit: $150,638
• Equity at exit: $202,698

10-year hold

• IRR: 26.3%
• Equity multiple: 7.69×
• Total profit: $421,753
• Equity at exit: $437,126

Cash invested: $63,000 (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: 13.7×

Monthly cashflow live

• Estimated rent: $2,625 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$360 /mo · $4,324/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $440

Break-even live

Break-even rent $2,068

Max offer price $225,000

Occupancy floor 78%

Sensitivity live

Price	-10% $567	-5% $503	+0% $440	+5% $376	+10% $312
Rent	-10% $232	-5% $336	+0% $440	+5% $543	+10% $647
Rate	-1.0pp $553	-0.5pp $497	base $440	+0.5pp $381	+1.0pp $322

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

Units	Beds	Baths	Est. rent
1× unit	3	1	$1,368
1× unit	2	1	$1,256
Total (2 units)			$2,625

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Wells Ave Oneonta, NY	3.0	1.0	1120	$1,800	$1.61	44d	1	0.83mi
15881 State Highway 8 Masonville, NY	4.0	1.0	1500	$1,250	$0.83	44d	1	1.22mi

Listing history 20 events

1. 2026-06-19
   days on market $225,000 Active 70 DOM
2. 2026-06-18
   days on market $225,000 Active 69 DOM
3. 2026-06-17
   days on market $225,000 Active 68 DOM
4. 2026-06-16
   days on market $225,000 Active 67 DOM
5. 2026-06-15
   days on market $225,000 Active 66 DOM
6. 2026-06-14
   days on market $225,000 Active 64 DOM
7. 2026-06-12
   days on market $225,000 Active 63 DOM
8. 2026-06-09
   days on market $225,000 Active 60 DOM
9. 2026-06-08
   days on market $225,000 Active 59 DOM
10. 2026-06-07
    days on market $225,000 Active 58 DOM
11. 2026-06-07
    days on market $225,000 Active 57 DOM
12. 2026-06-02
    days on market $225,000 Active 53 DOM
13. 2026-06-01
    days on market $225,000 Active 52 DOM
14. 2026-05-31
    days on market $225,000 Active 51 DOM
15. 2026-05-31
    days on market $225,000 Active 50 DOM
16. 2026-04-10
    status Active 1803-char remark

    Show marketing remark (1803 chars)

    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.

17. 2026-03-30
    listed $225,000 Active 1803-char remark

    Show marketing remark (1803 chars)

    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.

18. 2017-07-05
    soldstatus $111,000
19. 2017-06-26
    soldstatus $111,000 173-char remark

    Show marketing remark (173 chars)

    2 family home priced for the investor or owner-occupant! Separate utilities, carriage barn. This is one of 11 rental homes available for sale by this owner. Buy one or all!

20. 2017-03-01
    listed $110,000 173-char remark

    Show marketing remark (173 chars)

    2 family home priced for the investor or owner-occupant! Separate utilities, carriage barn. This is one of 11 rental homes available for sale by this owner. Buy one or all!

ⓘ 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: $4,324 · $360/mo
• Projected year-2 tax: $4,324 · $360/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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥92°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: $31,500
• − Mortgage interest: −$12,603
• − Property taxes: −$4,324
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,520
• − Management: −$2,520
• − Depreciation: −$6,545
• Taxable income: $1,862
• Est. tax owed @ 24.0%: −$447
• After-tax cash flow: $4,830/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

+104.5% since first listed

5 events — show timeline

• 2026-04-10 Relisted — CNYIS
• 2026-03-30 Listed $225,000 CNYIS
• 2017-07-05 Sold (Public Records) $111,000 Public Records
• 2017-06-26 Sold (MLS) $111,000 UNYREIS
• 2017-03-01 Listed $110,000 UNYREIS

Property tax history

+4.3%/yr

Latest (2025): $4,324 · +2.4% YoY. Source: county tax records.