66 W Albany St · Oswego, NY 13126

$224,000

3 bd · 2.0 ba · 2,044 sqft · SingleFamily public records · 22 Days on market

Built 1930 3,960 sqft lot Est $211k · 6% over

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Why this score? — see what drove the C- 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 +18.0/30.0
• DSCR +5.6/10.0
• Rent growth +5.0/5.0
• 1% rule +4.8/10.0
• ARV discount +4.6/15.0
• Appreciation +3.9/10.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this charming home situated on the West side of the city, presenting a thoughtfully designed open layout encompassing four bedrooms and two full bathrooms, including a main-level bedroom for added convenience. This home has undergone significant enhancements, featuring a fully renovated kitchen, an updated downstairs bathroom, security system, a recently installed water heater, and modern vinyl siding backed by a lifetime transferable warranty, among other noteworthy improvements. We invite you to check out this beautiful home for yourself, you will not be disappointed.

Key facts

• Remodeled kitchen
• Bonus room
• Open layout

Tags

• OPEN LAYOUT
• BONUS ROOM
• REMODELED KITCHEN
• MODERN DOWNSTAIRS BATHROOM
• VINYL SIDING
• PRIVACY FENCE

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water connected; Sewer connected
• Home design: Two-story house; Existing construction
• Construction: Vinyl siding; Asphalt roof; Stone foundation
• Exterior features: Concrete driveway; Rectangular residential lot; City street frontage

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Microwave; Refrigerator
• Bedrooms: 10 total rooms including bedroom spaces (rooms include laundry, office, bonus room, den, family room)
• Flooring: Laminate; Resilient; Tile; Vinyl; Varies
• Bathrooms: 2 full bathrooms; 1 main-level bathroom
• Heating & cooling: Gas forced-air heating
• Interior features: Breakfast bar; Den; Separate/formal dining room; Eat-in kitchen; Home office; Quartz counters; Partial basement; One fireplace
• Laundry & utility: Main-level laundry; Electric water heater; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $224k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $221k (1.6% below list).
• Recommended offer: $221k (1.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#265 in NY, #4,189 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, crime F, commute F.
• Oswego City School District (town): math 39% / reading 51% proficiency, ranked #465 of 590 in NY (top 79%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+19.2%/yr); 168 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 172 units permitted in Oswego County in 2024 (27 in 5+ unit buildings).
• This rent runs 40% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.2%/yr); year-one equity from $2k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Oswego County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-2.2% appreciation + 8.0% rent growth), your $63k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($221k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $191k; 17% 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 $220,509 (1.6% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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.
6. 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.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 7.32%
• Cash-on-cash: 3.68%
• DSCR: 1.16
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $210,532
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
286 W 2nd St	0.23mi	3/2.0	2,127 (+4%)	4mo	$235,000	$110	79
216 W 4th St	0.08mi	3/2.0	1,783 (-13%)	2mo	$134,900	$76	73
96 Ellen St	0.46mi	3/1.5	2,017 (-1%)	5mo	$272,500	$135	70
274 W 5th St	0.18mi	3/1.5	1,834 (-10%)	4mo	$160,000	$87	69
286 W 7th St	0.24mi	3/1.5	1,763 (-14%)	1mo	$210,000	$119	63
220 Ellen St	0.55mi	3/2.0	2,211 (+8%)	0mo	$457,000	$207	60
150 1/2 E 3rd St	0.55mi	3/2.0	1,834 (-10%)	1mo	$42,000	$23	57
26 Varick St	0.41mi	4/2.0 (+1)	1,782 (-13%)	8mo	$145,000	$81	48
358 W 3rd St	0.55mi	4/1.5 (+1)	1,808 (-12%)	3mo	$186,500	$103	46
46 W 2nd St	0.68mi	4/2.0 (+1)	2,278 (+11%)	1mo	$185,000	$81	44
136 W Seneca St	0.62mi	4/1.0 (+1)	1,825 (-11%)	6mo	$132,000	$72	39
41 W 4th St	0.72mi	3/1.5	1,750 (-14%)	7mo	$189,000	$108	35

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

Projected returns pro-forma

-2.25% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -2.0%
• Equity multiple: 0.92×
• Total profit: $-5,283
• Equity at exit: $40,925

10-year hold

• IRR: 11.0%
• Equity multiple: 2.13×
• Total profit: $70,583
• Equity at exit: $32,546

Cash invested: $62,720 (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 13126

• Home prices YoY: -0.8%
• Rents YoY: 19.2%
• Active inventory: 168
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,205 high
• Mortgage (P&I): −$1,175
• Tax from tax record: −$282 /mo · $3,379/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$463
• Net cashflow: $192

Break-even live

Break-even rent $1,962

Max offer price $224,000

Occupancy floor 86%

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: $56,000
• Closing costs: $6,720
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
152 W 7th St Unit A Oswego, NY	4.0	2.5	2340	$2,300	$0.98	13d	1	0.33mi
105 W Oneida St Unit A Oswego, NY	4.0	2.0	1800	$2,540	$1.41	13d	1	0.35mi
4 Murray St Oswego, NY	4.0	2.0	1589	$1,800	$1.13	13d	1	0.46mi
9 Lathrop St Unit A Oswego, NY	4.0	2.0	2100	$2,500	$1.19	13d	1	0.47mi
130 W Bridge St Unit A Oswego, NY	4.0	2.0	1700	$2,500	$1.47	13d	1	0.47mi
143 Liberty St Unit A Oswego, NY	4.0	2.0	1700	$2,480	$1.46	13d	1	0.48mi
23 NW 9th St Oswego, NY	4.0	1.5	1700	$2,300	$1.35	13d	1	0.48mi
103 W 8th St Unit A Oswego, NY	4.0	2.0	1800	$2,400	$1.33	13d	1	0.52mi
144 W Bridge St Unit A Oswego, NY	4.0	2.0	2000	$2,400	$1.20	13d	1	0.53mi
136 W Cayuga St Unit A Oswego, NY	4.0	2.0	1600	$2,300	$1.44	13d	1	0.54mi
138 W Cayuga St Unit A Oswego, NY	4.0	2.0	2000	$2,300	$1.15	13d	1	0.55mi
153 W Bridge St Unit A Oswego, NY	4.0	1.5	1800	$2,340	$1.30	13d	1	0.57mi
161 W Bridge St Unit A Oswego, NY	4.0	2.0	1400	$2,240	$1.60	13d	1	0.60mi
85 Liberty St Unit A Oswego, NY	4.0	2.0	1800	$2,500	$1.39	13d	1	0.62mi
148 W Seneca St Unit A Oswego, NY	4.0	2.0	1800	$2,400	$1.33	13d	1	0.64mi
39 W 6th St Unit 2-A Oswego, NY	3.0	1.0	1500	$1,725	$1.15	13d	1	0.65mi
164 W Schuyler St Unit A Oswego, NY	3.0	2.0	1400	$1,755	$1.25	13d	1	0.76mi
14 Pond Path Oswego, NY	3.0	1.5	1408	$2,300	$1.63	13d	1	0.89mi
120 Sheldon Ave Unit A Oswego, NY	4.0	2.0	2100	$2,480	$1.18	13d	1	1.10mi

Listing history 20 events

1. 2026-06-18
   days on market $224,000 Active 22 DOM
2. 2026-06-17
   days on market $224,000 Active 21 DOM
3. 2026-06-16
   price $224,000 Active 20 DOM
4. 2026-06-16
   days on market $229,000 Active 20 DOM
5. 2026-06-15
   days on market $229,000 Active 19 DOM
6. 2026-06-14
   days on market $229,000 Active 17 DOM
7. 2026-06-13
   days on market $229,000 Active 16 DOM
8. 2026-06-10
   days on market $229,000 Active 14 DOM
9. 2026-06-08
   days on market $229,000 Active 12 DOM
10. 2026-06-07
    days on market $229,000 Active 11 DOM
11. 2026-06-02
    days on market $229,000 Active 6 DOM
12. 2026-06-01
    days on market $229,000 Active 5 DOM
13. 2026-05-31
    days on market $229,000 Active 4 DOM
14. 2026-05-30
    days on market $229,000 Active 3 DOM
15. 2026-05-27
    listed $229,000 Active
16. 2024-04-02
    soldstatus $191,000
17. 2024-03-28
    soldstatus $190,600 Closed 587-char remark

    Show marketing remark (587 chars)

    Welcome to this charming home situated on the West side of the city, presenting a thoughtfully designed open layout encompassing four bedrooms and two full bathrooms, including a main-level bedroom for added convenience. This home has undergone significant enhancements, featuring a fully renovated kitchen, an updated downstairs bathroom, security system, a recently installed water heater, and modern vinyl siding backed by a lifetime transferable warranty, among other noteworthy improvements. We invite you to check out this beautiful home for yourself, you will not be disappointed.

18. 2024-02-12
    status Pending 587-char remark

    Show marketing remark (587 chars)

    Welcome to this charming home situated on the West side of the city, presenting a thoughtfully designed open layout encompassing four bedrooms and two full bathrooms, including a main-level bedroom for added convenience. This home has undergone significant enhancements, featuring a fully renovated kitchen, an updated downstairs bathroom, security system, a recently installed water heater, and modern vinyl siding backed by a lifetime transferable warranty, among other noteworthy improvements. We invite you to check out this beautiful home for yourself, you will not be disappointed.

19. 2024-02-05
    listed $169,000 Active 587-char remark

    Show marketing remark (587 chars)

    Welcome to this charming home situated on the West side of the city, presenting a thoughtfully designed open layout encompassing four bedrooms and two full bathrooms, including a main-level bedroom for added convenience. This home has undergone significant enhancements, featuring a fully renovated kitchen, an updated downstairs bathroom, security system, a recently installed water heater, and modern vinyl siding backed by a lifetime transferable warranty, among other noteworthy improvements. We invite you to check out this beautiful home for yourself, you will not be disappointed.

20. 2005-09-30
    soldstatus $81,370

ⓘ 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: $3,379 · $282/mo
• Projected year-2 tax: $3,583 · $299/mo
• Expected delta: +$203/yr (+$17/mo · 6.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,461
• − Mortgage interest: −$12,547
• − Property taxes: −$3,379
• − Insurance: −$1,120
• − Repairs & maintenance: −$2,117
• − Management: −$2,117
• − Depreciation: −$6,516
• Taxable loss: −$1,336
• Est. tax savings @ 24.0%: +$321
• After-tax cash flow: $2,629/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: Oswego City School District
• NCES district ID: 3622050
• Math proficiency: 39% ▼ -7.00%
• Reading proficiency: 51% ▲ 9.00%
• Median HH income: $45,835
• Composite: 38.2/100
• National rank: #4257
• State rank: #465 of 590 in NY

Livability — Oswego

• Score: 75/100
• State rank: #265
• US rank: #4189

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oswego, NY
• County: Oswego County · 36,495 people
• City population: 36,495
• Metro: Syracuse, NY
• Population (ZIP): 36,495
• Household income: $65,346
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 1341.0

Population outlook (Oswego County) Hauer SSP2

• Today (2025): 114,465 people
• By 2030: 109,968 · -3.9%
• By 2040: 99,205 · -13.3%
• By 2050: 87,979 · -23.1%
• By 2075: 65,100 · -43.1%
• By 2100: 47,117 · -58.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 5% Two or more races 5% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 6% Lithuanian 4% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 3% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Oswego

• 2024 margin: Strong R (+24.2) · D 37.9% · R 62.1%
• 2008→2024 swing: -26.6pp toward R · 2008: 2.5pp · 2024: -24.2pp
• All cycles: 2024: R+24.2 2020: R+20.2 2016: R+23.2 2012: D+7.9 2008: D+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.25%
• Current HPI: 295.5134
• Rent YoY: ▲ 19.18%
• Metro: Syracuse, 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

+181.4% since first listed

6 events — show timeline

• 2026-05-27 Listed $229,000 CNYIS
• 2024-04-02 Sold (Public Records) $191,000 Public Records
• 2024-03-28 Sold (MLS) $190,600 CNYIS
• 2024-02-12 Pending — CNYIS
• 2024-02-05 Listed $169,000 CNYIS
• 2005-09-30 Sold (Public Records) $81,370 Public Records

Property tax history

+22.6%/yr

Latest (2025): $3,379 · +27.7% YoY. Source: county tax records.