340 Seneca St · Oneida, NY 13421

$135,000

2 bd · 2.0 ba · 2,300 sqft · MultiFamily public records · 115 Days on market

Built 1900 9,148 sqft lot $59/sqft · 45% below area Est $247k · 45% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks MLS

Welcome to 340 Seneca St, Oneida, NY 13421. Excellent investment or owner-occupant opportunity in the heart of Oneida! This solid duplex offers two spacious 3-bedroom, 1-bath units with identical layouts. The upstairs unit is occupied and features an in-unit washer and dryer, while the downstairs unit is vacant—perfect for new tenants or for an owner to move right in. Located in a quiet residential neighborhood, just minutes from downtown Oneida, schools, parks, shopping, and dining. Easy access to Route 5 and the NYS Thruway (I-90) provides a quick commute to Syracuse, Utica, or Verona’s Turning Stone Resort & Casino. Additional highlights include separate utilities, off-street parking, and a spacious backyard with potential for outdoor enjoyment or tenant use. Whether you’re looking to expand your rental portfolio or live in one unit and rent the other, this property delivers great value and location!

Key facts

• Off street parking
• Spacious backyard
• 9,148 sq ft lot

Tags

• IN UNIT WASHER AND DRYER
• QUIET RESIDENTIAL NEIGHBORHOOD
• OFF STREET PARKING
• SPACIOUS BACKYARD

🏷️ Possibly a rental listed for sale. The $135,000 price doesn't fit this home's estimated sale value (~$246,612) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $135k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $575/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.5% vs local median 4.0% in Oneida — 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 61/100 on livability (#924 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment C-, health & safety C-.
• Oneida City School District (town): math 43% / reading 54% proficiency, ranked #421 of 590 in NY (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 65 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 137 units permitted in Madison County in 2024 (46 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Madison County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 115 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 2.16% ✓
• Cap rate: 16.51%
• Cash-on-cash: 36.48%
• DSCR: 2.62
• GRM: 3.9

CMA / ARV

• ARV (median comp): $246,612
• List price: $135,000
• Delta: -45.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
326 Lenox Ave	0.30mi	2/2.0	2,009 (-13%)	7mo	$201,000	$100	59

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

Projected returns pro-forma

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

5-year hold

• IRR: 32.4%
• Equity multiple: 2.36×
• Total profit: $51,500
• Equity at exit: $20,129

10-year hold

• IRR: 39.4%
• Equity multiple: 4.70×
• Total profit: $139,831
• Equity at exit: $11,672

Cash invested: $37,800 (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 13421

• Home prices YoY: -5.1%
• Active inventory: 65
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,918 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$392 /mo · $4,702/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$613
• Net cashflow: $1,149

Break-even live

Break-even rent $1,463

Max offer price $135,000

Occupancy floor 56%

Sensitivity live

Price	-10% $1,226	-5% $1,187	+0% $1,149	+5% $1,111	+10% $1,073
Rent	-10% $919	-5% $1,034	+0% $1,149	+5% $1,264	+10% $1,380
Rate	-1.0pp $1,217	-0.5pp $1,184	base $1,149	+0.5pp $1,114	+1.0pp $1,079

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,918
Total (2 units)			$2,918

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
326 Lenox Ave Oneida, NY	1.0	1.0	2009	$1,100	$0.55	44d	1	0.30mi

Listing history 17 events

1. 2026-06-18
   days on market $135,000 Active 115 DOM
2. 2026-06-17
   days on market $135,000 Active 114 DOM
3. 2026-06-16
   days on market $135,000 Active 113 DOM
4. 2026-06-15
   pricedays on market $135,000 Active 112 DOM
5. 2026-06-13
   days on market $159,900 Active 110 DOM
6. 2026-06-12
   days on market $159,900 Active 109 DOM
7. 2026-06-09
   days on market $159,900 Active 106 DOM
8. 2026-06-08
   days on market $159,900 Active 105 DOM
9. 2026-06-07
   days on market $159,900 Active 104 DOM
10. 2026-06-07
    days on market $159,900 Active 103 DOM
11. 2026-06-04
    days on market $159,900 Active 100 DOM
12. 2026-06-02
    days on market $159,900 Active 99 DOM
13. 2026-06-01
    days on market $159,900 Active 98 DOM
14. 2026-05-31
    days on market $159,900 Active 97 DOM
15. 2026-02-23
    listed $159,900 Active 941-char remark

    Show marketing remark (941 chars)

    Welcome to 340 Seneca St, Oneida, NY 13421. Excellent investment or owner-occupant opportunity in the heart of Oneida! This solid duplex offers two spacious 3-bedroom, 1-bath units with identical layouts. The upstairs unit is occupied and features an in-unit washer and dryer, while the downstairs unit is vacant—perfect for new tenants or for an owner to move right in. Located in a quiet residential neighborhood, just minutes from downtown Oneida, schools, parks, shopping, and dining. Easy access to Route 5 and the NYS Thruway (I-90) provides a quick commute to Syracuse, Utica, or Verona’s Turning Stone Resort & Casino. Additional highlights include separate utilities, off-street parking, and a spacious backyard with potential for outdoor enjoyment or tenant use. Whether you’re looking to expand your rental portfolio or live in one unit and rent the other, this property delivers great value and location!

16. 2026-02-13
    historical
17. 2025-10-13
    listed $149,900 Active

ⓘ 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: $4,702 · $392/mo
• Projected year-2 tax: $4,702 · $392/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,016
• − Mortgage interest: −$7,562
• − Property taxes: −$4,702
• − Insurance: −$675
• − Repairs & maintenance: −$2,801
• − Management: −$2,801
• − Depreciation: −$3,927
• Taxable income: $12,548
• Est. tax owed @ 24.0%: −$3,011
• After-tax cash flow: $10,779/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: Oneida City School District
• NCES district ID: 3600013
• Math proficiency: 43% ▼ -11.00%
• Reading proficiency: 54% ▲ 12.00%
• Median HH income: $45,791
• Composite: 41.1/100
• National rank: #3568
• State rank: #421 of 590 in NY

Livability — Oneida

• Score: 61/100
• State rank: #924
• US rank: #18033

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oneida, NY
• City population: 12,742
• Population (ZIP): 12,742

Population outlook (Madison County) Hauer SSP2

• Today (2025): 69,528 people
• By 2030: 66,599 · -4.2%
• By 2040: 59,814 · -14.0%
• By 2050: 52,842 · -24.0%
• By 2075: 39,167 · -43.7%
• By 2100: 28,442 · -59.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 1% · Canada, China
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Madison

• 2024 margin: R (+13.1) · D 43.5% · R 56.5%
• 2008→2024 swing: -13.9pp toward R · 2008: 0.9pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+10.6 2016: R+15.9 2012: D+0.3 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.30%
• Current HPI: 248.3909
• Rent YoY: —
• Metro: —
• 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

+6.7% since first listed

3 events — show timeline

• 2026-02-23 Listed $159,900 CNYIS
• 2026-02-13 Listing Removed — CNYIS
• 2025-10-13 Listed $149,900 CNYIS

Property tax history

+1.8%/yr

Latest (2025): $4,702 · +0.2% YoY. Source: county tax records.