707 W Dominick St · Rome, NY 13440

$169,900

24 bd · 16.0 ba · 3,221 sqft · MultiFamily public records · 8 Days on market

Built 1930 5,227 sqft lot $53/sqft · 38% below area Est $274k · 38% 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 +3.5/10.0
• Livability +3.2/5.0
• 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 (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Great opportunity to start your journey as a landlord or add to your thriving investment portfolio. With rents totaling $2920/month, this property brings in a solid income and is fully occupied with all four tenants on month to month agreements. Parking for at least 4-5+ cars, storage shed, full basement, separate utilities, newer appliances, and vinyl replacement windows. Photos reflect units prior to occupancy.

Key facts

• Separate utilities
• Off street parking
• Back yard space

Tags

• 4 UNIT APARTMENT BUILDING
• OFF STREET PARKING
• BACK YARD SPACE
• FULL BASEMENT
• STORAGE SHED
• SEPARATE UTILITIES

Property features AI

Finance

• Other: Four total units with four separate electric meters and one shared gas meter; Lot is rectangular, near public transit, on a city street (40 x 130)
• Financial info: Owner pays grounds care, snow removal, trash collection, and water; Operating expenses may include insurance, maintenance, professional management, snow removal, and water/sewer

Exterior

• Parking: Gravel parking; Two or more parking spaces
• Utilities: Cable available; High-speed internet available; Public water connected; Sewer connected; Circuit breaker electric
• Home design: Two-story building; Resale condition
• Construction: Aluminum siding; Asphalt roof; Block foundation; Stone foundation; Built (existing)
• Exterior features: Enclosed porch; Open porch

Interior

• Flooring: Carpet; Laminate; Vinyl; Varies
• Bathrooms: Four full bathrooms
• Heating & cooling: Electric heating; Gas heating; Baseboard heating; Forced air
• Interior features: Ceiling fans
• Laundry & utility: Electric water heater; Gas water heater

🏷️ Possibly a rental listed for sale. The $169,900 price doesn't fit this home's estimated sale value (~$273,954) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4 × 6-bed/4.0-bath units multifamily listed at $170k.

Deal economics

• At list price, monthly cash flow is $4k ($47k/yr) — positive. Per door: $981/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $170k).
• Cap rate 34.0% vs local median 5.6% in Rome — 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 64/100 on livability (#722 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Rome City School District (town): math 35% / reading 46% proficiency, ranked #516 of 590 in NY (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 272 active listings in the ZIP; 204 units permitted in Oneida County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Oneida County population projected at -12% 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 $48k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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 $135k; 26% 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 $169,900

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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 3.74% ✓
• Cap rate: 34.00%
• Cash-on-cash: 98.94%
• DSCR: 5.40
• GRM: 2.2

CMA / ARV

• ARV (median comp): $273,954
• List price: $169,900
• Delta: -37.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 100.0%
• Equity multiple: 5.67×
• Total profit: $222,347
• Equity at exit: $25,333

10-year hold

• IRR: —
• Equity multiple: 11.84×
• Total profit: $515,518
• Equity at exit: $14,690

Cash invested: $47,572 (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 13440

• Home prices YoY: -8.0%
• Active inventory: 272
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $6,361 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$141 /mo · $1,691/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,336
• Net cashflow: $3,922

Break-even live

Break-even rent $1,396

Max offer price $169,900

Occupancy floor 33%

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

Units	Beds	Baths	Est. rent
▸ 4× units	6	4	$6,360
Total (4 units)			$6,361

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-14
   listed $169,900 Active 669-char remark
2. 2024-01-12
   status Pending 416-char remark

   Show marketing remark (416 chars)

   Great opportunity to start your journey as a landlord or add to your thriving investment portfolio. With rents totaling $2920/month, this property brings in a solid income and is fully occupied with all four tenants on month to month agreements. Parking for at least 4-5+ cars, storage shed, full basement, separate utilities, newer appliances, and vinyl replacement windows. Photos reflect units prior to occupancy.

3. 2024-01-02
   soldstatus $135,000 Closed 416-char remark

   Show marketing remark (416 chars)

   Great opportunity to start your journey as a landlord or add to your thriving investment portfolio. With rents totaling $2920/month, this property brings in a solid income and is fully occupied with all four tenants on month to month agreements. Parking for at least 4-5+ cars, storage shed, full basement, separate utilities, newer appliances, and vinyl replacement windows. Photos reflect units prior to occupancy.

4. 2023-10-17
   status Pending Sale 416-char remark

   Show marketing remark (416 chars)

   Great opportunity to start your journey as a landlord or add to your thriving investment portfolio. With rents totaling $2920/month, this property brings in a solid income and is fully occupied with all four tenants on month to month agreements. Parking for at least 4-5+ cars, storage shed, full basement, separate utilities, newer appliances, and vinyl replacement windows. Photos reflect units prior to occupancy.

5. 2023-10-06
   listed $134,900 Active 416-char remark

   Show marketing remark (416 chars)

   Great opportunity to start your journey as a landlord or add to your thriving investment portfolio. With rents totaling $2920/month, this property brings in a solid income and is fully occupied with all four tenants on month to month agreements. Parking for at least 4-5+ cars, storage shed, full basement, separate utilities, newer appliances, and vinyl replacement windows. Photos reflect units prior to occupancy.

6. 2019-03-14
   soldstatus $90,000

   Show marketing remark (361 chars)

   Investors - this property cashflows well * * 4 units total two- 1 bedroom 1 bath apartments and two-2 bedroom 1 bath apartments. All completely remodeled inside. New kitchens and new bathrooms in 3 out of 4 units. Fully rented. New windows, new water heaters, new heating systems and all new appliances. This is an almost maintenance free Cash Flowing rental.

7. 2019-03-14
   soldstatus $90,000

   Show marketing remark (361 chars)

   Investors - this property cashflows well * * 4 units total two- 1 bedroom 1 bath apartments and two-2 bedroom 1 bath apartments. All completely remodeled inside. New kitchens and new bathrooms in 3 out of 4 units. Fully rented. New windows, new water heaters, new heating systems and all new appliances. This is an almost maintenance free Cash Flowing rental.

8. 2018-08-16
   listed $99,900

   Show marketing remark (361 chars)

   Investors - this property cashflows well * * 4 units total two- 1 bedroom 1 bath apartments and two-2 bedroom 1 bath apartments. All completely remodeled inside. New kitchens and new bathrooms in 3 out of 4 units. Fully rented. New windows, new water heaters, new heating systems and all new appliances. This is an almost maintenance free Cash Flowing rental.

9. 2007-01-11
   soldstatus $54,600
10. 2007-01-04
    soldstatus $58,000
11. 2006-07-27
    listed $58,000

ⓘ 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: $1,691 · $141/mo
• Projected year-2 tax: $2,281 · $190/mo
• Expected delta: +$590/yr (+$49/mo · 34.9%)

ⓘ 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: $76,332
• − Mortgage interest: −$9,517
• − Property taxes: −$1,691
• − Insurance: −$850
• − Repairs & maintenance: −$6,107
• − Management: −$6,107
• − Depreciation: −$4,943
• Taxable income: $47,119
• Est. tax owed @ 24.0%: −$11,308
• After-tax cash flow: $35,761/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: Rome City School District
• NCES district ID: 3624900
• Math proficiency: 35% ▼ -4.00%
• Reading proficiency: 46% ▲ 10.00%
• Median HH income: $46,406
• Composite: 34.52/100
• National rank: #5178
• State rank: #516 of 590 in NY

Livability — Rome

• Score: 64/100
• State rank: #722
• US rank: #13676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rome, NY
• City population: 41,418
• Population (ZIP): 41,273

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: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 9% Lithuanian 4% Slovak 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1%

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: ▼ -29.58%
• Current HPI: 339.3589
• 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

+192.9% since first listed

12 events — show timeline

• 2026-05-22 Pending — CNYIS
• 2026-05-14 Listed $169,900 CNYIS
• 2024-01-12 Pending — CNYIS
• 2024-01-02 Sold (MLS) $135,000 CNYIS
• 2023-10-17 Pending — CNYIS
• 2023-10-06 Listed $134,900 CNYIS
• 2019-03-14 Sold (Public Records) $90,000 Public Records
• 2019-03-14 Sold (MLS) $90,000 CNYIS
• 2018-08-16 Listed $99,900 CNYIS
• 2007-01-11 Sold (MLS) $54,600 CNYIS
• 2007-01-04 Sold (Public Records) $58,000 Public Records
• 2006-07-27 Listed $58,000 CNYIS

Property tax history

-2.1%/yr

Latest (2025): $1,691 · +0.3% YoY. Source: county tax records.