1141 Hilton Ave · Utica, NY 13501

$199,900

6 bd · 2.0 ba · 2,700 sqft · MultiFamily public records · 7 Days on market

Built 1920 7,200 sqft lot $74/sqft · 39% below area Est $326k · 39% under

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Why this score? — see what drove the A 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +4.0/5.0
• Schools +2.9/10.0
• 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: 1 unit. estimate disagrees with records

Listing remarks MLS

WELL MAINTAINED OWNER OCCUPIED 2 FAMILY. NEW WINDOWS, NEWER CARPET, SEPARATE UTILITIES. ALL APPLIANCES, NEW ROOF ON GARAGE (2 STALL). GOOD SOLID INVESTMENT. NICE LOCATION.

Key facts

• Ample natural light
• Multifamily home
• Bright kitchens

Tags

• MULTIFAMILY HOME
• TWO IDENTICAL UNITS
• QUIET NEIGHBORHOOD
• SPACIOUS LIVING AREAS
• BRIGHT KITCHENS
• AMPLE NATURAL LIGHT

Property features AI

Finance

• Other: Two-unit building with separate gas and electric meters

Exterior

• Parking: 3-car garage; Paved parking
• Utilities: Public water (connected); Sewer connected
• Home design: 2-story property; Resale
• Construction: Aluminum siding
• Exterior features: Rectangular residential lot; City street frontage

Interior

• Flooring: Hardwood; Laminate; Varies
• Bathrooms: 2 full bathrooms
• Heating & cooling: Gas forced-air heating
• Interior features: Full basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath multifamily listed at $200k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $200k).
• Cap rate 16.8% vs local median 7.7% in Utica — 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 80/100 on livability (#104 in NY, #1,589 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D, schools D-, crime F.
• Utica City School District (urban): math 33% / reading 38% proficiency, ranked #562 of 590 in NY (top 95%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 143 active listings in the ZIP; 204 units permitted in Oneida County in 2024 (68 in 5+ unit buildings).
• At $3,888/mo this rent would consume 89% of the median local household income ($53k/yr) (locally 2251% 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 $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Oneida County population projected at -12% 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 $56k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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 $132k; list at $200k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $199,900

Questions for the listing agent

1. Built in 1920 — 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 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: 1.94% ✓
• Cap rate: 16.77%
• Cash-on-cash: 37.43%
• DSCR: 2.67
• GRM: 4.3

CMA / ARV

• ARV (median comp): $326,344
• List price: $199,900
• Delta: -38.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
923 Rutger St	0.45mi	6/2.0	2,600 (-4%)	4mo	$245,500	$94	69
914 Eagle St	0.26mi	6/2.0	2,400 (-11%)	5mo	$150,000	$63	65
1020 Tilden Ave	0.41mi	6/2.0	2,508 (-7%)	5mo	$230,000	$92	65
722 Eleanor Pl #724	0.50mi	5/2.0 (-1)	2,600 (-4%)	1mo	$285,000	$110	65
1222 Mummery St	0.22mi	5/2.0 (-1)	2,401 (-11%)	6mo	$195,000	$81	61
805 Eagle St	0.37mi	6/2.0	2,488 (-8%)	10mo	$145,000	$58	61
810 South St	0.41mi	6/2.0	2,452 (-9%)	8mo	$195,000	$80	59
1131 Saint Vincent St	0.71mi	7/3.0 (+1)	2,737 (+1%)	7mo	$160,000	$58	50
518 Wetmore St	0.67mi	6/2.0	2,530 (-6%)	12mo	$201,000	$79	48
1154 Leeds St	0.41mi	5/3.0 (-1)	2,422 (-10%)	11mo	$228,000	$94	46
1804 Guelich St	0.54mi	7/3.0 (+1)	2,864 (+6%)	13mo	$235,000	$82	45
1010 Morris St	0.72mi	5/2.0 (-1)	2,512 (-7%)	8mo	$280,000	$111	43

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: 53.1%
• Equity multiple: 4.93×
• Total profit: $220,103
• Equity at exit: $180,086

10-year hold

• IRR: 46.7%
• Equity multiple: 11.02×
• Total profit: $560,761
• Equity at exit: $388,362

Cash invested: $55,972 (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 13501

• Home prices YoY: 5.6%
• Active inventory: 143
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $3,888 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$194 /mo · $2,326/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$816
• Net cashflow: $1,746

Break-even live

Break-even rent $1,678

Max offer price $199,900

Occupancy floor 50%

Sensitivity live

Price	-10% $1,859	-5% $1,803	+0% $1,746	+5% $1,689	+10% $1,633
Rent	-10% $1,439	-5% $1,592	+0% $1,746	+5% $1,900	+10% $2,053
Rate	-1.0pp $1,847	-0.5pp $1,797	base $1,746	+0.5pp $1,694	+1.0pp $1,642

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,888
Total (2 units)			$3,888

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-11
   status Pending 460-char remark
2. 2026-05-09
   historical Active Under Contract 460-char remark
3. 2026-05-04
   listed $199,900 Active 460-char remark
4. 2019-06-28
   soldstatus $132,000
5. 2007-03-02
   soldstatus $72,000 171-char remark

   Show marketing remark (171 chars)

   WELL MAINTAINED OWNER OCCUPIED 2 FAMILY. NEW WINDOWS, NEWER CARPET, SEPARATE UTILITIES. ALL APPLIANCES, NEW ROOF ON GARAGE (2 STALL). GOOD SOLID INVESTMENT. NICE LOCATION.

6. 2007-03-01
   soldstatus $72,000
7. 2006-12-19
   listed $79,900 171-char remark

   Show marketing remark (171 chars)

   WELL MAINTAINED OWNER OCCUPIED 2 FAMILY. NEW WINDOWS, NEWER CARPET, SEPARATE UTILITIES. ALL APPLIANCES, NEW ROOF ON GARAGE (2 STALL). GOOD SOLID INVESTMENT. NICE LOCATION.

ⓘ 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: $2,326 · $194/mo
• Projected year-2 tax: $2,852 · $238/mo
• Expected delta: +$526/yr (+$44/mo · 22.6%)

ⓘ 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 ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,656
• − Mortgage interest: −$11,198
• − Property taxes: −$2,326
• − Insurance: −$1,000
• − Repairs & maintenance: −$3,732
• − Management: −$3,732
• − Depreciation: −$5,815
• Taxable income: $18,852
• Est. tax owed @ 24.0%: −$4,525
• After-tax cash flow: $16,428/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: Utica City School District
• NCES district ID: 3629370
• Math proficiency: 33% ▼ -7.00%
• Reading proficiency: 38% ▲ 2.00%
• Median HH income: $31,834
• Composite: 29.01/100
• National rank: #6613
• State rank: #562 of 590 in NY

Livability — Utica

• Score: 80/100
• State rank: #104
• US rank: #1589

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Utica, NY
• County: Oneida County · 89,710 people
• City population: 72,968
• Metro: Utica-Rome, NY
• Population (ZIP): 38,931
• Household income: $52,548
• Rent vs Own: 49.2% rent · 50.8% own
• Severe rent burden: 2251.0

Population outlook (Oneida County) Hauer SSP2

• Today (2025): 225,223 people
• By 2030: 220,384 · -2.1%
• By 2040: 209,071 · -7.2%
• By 2050: 197,920 · -12.1%
• By 2075: 175,541 · -22.1%
• By 2100: 148,491 · -34.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 49% Two or more races 15% Hispanic / Latino 14% Black 14% Asian 14%
• Hispanic origin (detail): Puerto Rican 8% Dominican 4%
• Common ancestry: American 8% Romanian 3% Lithuanian 1%
• Foreign-born: 25% · Canada, Philippines, Vietnam
• Languages at home: 62% English-only · Other Asian/Pacific 11% Russian/Polish/Slavic 10% Spanish 9%

Political lean MEDSL · Oneida

• 2024 margin: Strong R (+21.3) · D 39.4% · R 60.6%
• 2008→2024 swing: -15.2pp toward R · 2008: -6.1pp · 2024: -21.3pp
• All cycles: 2024: R+21.3 2020: R+15.5 2016: R+21.1 2012: R+5.3 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.28%
• Current HPI: 382.3726
• Rent YoY: —
• Metro: Utica-Rome, 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

+150.2% since first listed

7 events — show timeline

• 2026-05-11 Pending — CNYIS
• 2026-05-09 Contingent — CNYIS
• 2026-05-04 Listed $199,900 CNYIS
• 2019-06-28 Sold (Public Records) $132,000 Public Records
• 2007-03-02 Sold (MLS) $72,000 CNYIS
• 2007-03-01 Sold (Public Records) $72,000 Public Records
• 2006-12-19 Listed $79,900 CNYIS

Property tax history

+4.0%/yr

Latest (2025): $2,326 · +5.6% YoY. Source: county tax records.