78-80 Center St · Oneonta, NY 13820

$199,000

6 bd · 2.0 ba · 2,296 sqft · MultiFamily public records · 287 Days on market

Built 1900 3,485 sqft lot Est $232k · 14% under

---

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 +28.6/30.0
• ARV discount +13.9/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.3/10.0
• 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

Spacious and versatile two-family home located in the heart of Oneonta. This property offers unbeatable convenience to shopping, restaurants, schools, and public transportation, just short distance to Main Street. This classic property features Off Street Parking! Two separate driveways(one on either side of the house) and a 1-Car detached garage, so parking is never an issue, a rare find in the city. The large enclosed front porch adds a charming touch, and the backyard is partially shaded with mature trees, perfect for relaxing or gardening. Each unit has its own entrance and utilities, making this a great income-generating property or live-in-one and rent-the-other. Currently, the home is tenant-occupied on a month to month basis, but would make a great owner occupy property with income from the second unit. Inside, the home may benefit from some light renovations—an excellent opportunity for buyers to personalize the space or add value through updates. Whether you're an investor looking for a great rental opportunity or a homeowner ready to create your dream duplex, this property offers tons of potential. Don’t miss your chance to own a home in a prime location!

Key facts

• Off street parking
• Two family home
• 3,485 sq ft lot

Tags

• TWO FAMILY HOME
• OFF STREET PARKING
• TWO SEPARATE DRIVEWAYS
• 1 CAR DETACHED GARAGE
• LARGE ENCLOSED FRONT PORCH
• PARTIALLY SHADED BACKYARD

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $199k.

Deal economics

• At list price, monthly cash flow is $655 ($8k/yr) — positive. Per door: $328/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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; 133 units permitted in Otsego County in 2024 (10 in 5+ unit buildings).
• At $2,846/mo this rent would consume 52% of the median local household income ($66k/yr) (locally 662% 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)).
• 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 $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

• It's been on market 287 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $31k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $134k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.43% ✓
• Cap rate: 10.25%
• Cash-on-cash: 14.12%
• DSCR: 1.63
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $231,896
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27 Church St	0.37mi	7/2.0 (+1)	2,354 (+2%)	1mo	$360,000	$153	73
16-18 Brook St	0.35mi	5/2.0 (-1)	2,000 (-13%)	1mo	$140,000	$70	57
74 Ford Ave	0.19mi	5/2.0 (-1)	2,076 (-10%)	20mo	$245,000	$118	54
36 Grove St	0.58mi	6/2.0	2,124 (-8%)	21mo	$215,000	$101	43
22 Fair St	0.35mi	5/3.0 (-1)	2,024 (-12%)	23mo	$202,000	$100	36
469 Main St	0.65mi	5/2.0 (-1)	2,564 (+12%)	18mo	$140,000	$55	30

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: 34.7%
• Equity multiple: 3.70×
• Total profit: $150,303
• Equity at exit: $179,275

10-year hold

• IRR: 29.9%
• Equity multiple: 8.36×
• Total profit: $410,140
• Equity at exit: $386,613

Cash invested: $55,720 (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 13820

• Home prices YoY: 22.7%
• Active inventory: 118
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,846 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$466 /mo · $5,597/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$598
• Net cashflow: $655

Break-even live

Break-even rent $2,016

Max offer price $199,000

Occupancy floor 72%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,846
Total (2 units)			$2,846

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $199,000 Active 287 DOM
2. 2026-06-18
   days on market $199,000 Active 286 DOM
3. 2026-06-17
   days on market $199,000 Active 285 DOM
4. 2026-06-16
   days on market $199,000 Active 284 DOM
5. 2026-06-15
   days on market $199,000 Active 283 DOM
6. 2026-06-14
   days on market $199,000 Active 281 DOM
7. 2026-06-12
   days on market $199,000 Active 280 DOM
8. 2026-06-09
   days on market $199,000 Active 277 DOM
9. 2026-06-08
   days on market $199,000 Active 276 DOM
10. 2026-06-07
    days on market $199,000 Active 275 DOM
11. 2026-06-07
    days on market $199,000 Active 274 DOM
12. 2026-06-02
    days on market $199,000 Active 270 DOM
13. 2026-06-01
    days on market $199,000 Active 269 DOM
14. 2026-05-31
    days on market $199,000 Active 268 DOM
15. 2026-05-31
    days on market $199,000 Active 267 DOM
16. 2026-04-26
    historical Active Under Contract 1196-char remark

    Show marketing remark (1196 chars)

    Spacious and versatile two-family home located in the heart of Oneonta. This property offers unbeatable convenience to shopping, restaurants, schools, and public transportation, just short distance to Main Street. This classic property features Off Street Parking! Two separate driveways(one on either side of the house) and a 1-Car detached garage, so parking is never an issue, a rare find in the city. The large enclosed front porch adds a charming touch, and the backyard is partially shaded with mature trees, perfect for relaxing or gardening. Each unit has its own entrance and utilities, making this a great income-generating property or live-in-one and rent-the-other. Currently, the home is tenant-occupied on a month to month basis, but would make a great owner occupy property with income from the second unit. Inside, the home may benefit from some light renovations—an excellent opportunity for buyers to personalize the space or add value through updates. Whether you're an investor looking for a great rental opportunity or a homeowner ready to create your dream duplex, this property offers tons of potential. Don’t miss your chance to own a home in a prime location!

17. 2026-01-29
    price $199,000 1196-char remark

    Show marketing remark (1196 chars)

    Spacious and versatile two-family home located in the heart of Oneonta. This property offers unbeatable convenience to shopping, restaurants, schools, and public transportation, just short distance to Main Street. This classic property features Off Street Parking! Two separate driveways(one on either side of the house) and a 1-Car detached garage, so parking is never an issue, a rare find in the city. The large enclosed front porch adds a charming touch, and the backyard is partially shaded with mature trees, perfect for relaxing or gardening. Each unit has its own entrance and utilities, making this a great income-generating property or live-in-one and rent-the-other. Currently, the home is tenant-occupied on a month to month basis, but would make a great owner occupy property with income from the second unit. Inside, the home may benefit from some light renovations—an excellent opportunity for buyers to personalize the space or add value through updates. Whether you're an investor looking for a great rental opportunity or a homeowner ready to create your dream duplex, this property offers tons of potential. Don’t miss your chance to own a home in a prime location!

18. 2025-09-05
    listed $230,000 Active 1196-char remark

    Show marketing remark (1196 chars)

    Spacious and versatile two-family home located in the heart of Oneonta. This property offers unbeatable convenience to shopping, restaurants, schools, and public transportation, just short distance to Main Street. This classic property features Off Street Parking! Two separate driveways(one on either side of the house) and a 1-Car detached garage, so parking is never an issue, a rare find in the city. The large enclosed front porch adds a charming touch, and the backyard is partially shaded with mature trees, perfect for relaxing or gardening. Each unit has its own entrance and utilities, making this a great income-generating property or live-in-one and rent-the-other. Currently, the home is tenant-occupied on a month to month basis, but would make a great owner occupy property with income from the second unit. Inside, the home may benefit from some light renovations—an excellent opportunity for buyers to personalize the space or add value through updates. Whether you're an investor looking for a great rental opportunity or a homeowner ready to create your dream duplex, this property offers tons of potential. Don’t miss your chance to own a home in a prime location!

19. 2025-07-29
    listed $210,000 Active 1081-char remark

    Show marketing remark (1081 chars)

    Welcome to 78-80 Center Street, a spacious and versatile two-family home located in the heart of Oneonta. Just a short walk to Main Street, this property offers unbeatable convenience to shopping, restaurants, schools, and public transportation. This classic property features two separate driveways and a detached garage, parking is never an issue, providing ample off-street parking, a rare find in this city. The large enclosed front porch adds a charming touch, and the backyard is partially shaded with mature trees, perfect for relaxing or gardening. Additionally, each unit has its own entrance and utilities, making this a great income-generating property or live-in-one, rent-the-other opportunity. Inside, the home may benefit from some light renovations—an excellent opportunity for buyers to personalize the space or add value through updates. Whether you're an investor looking for a great rental opportunity or a homeowner ready to create your dream duplex, this property offers tons of potential. Don’t miss your chance to own a home in a prime location!

20. 2005-06-08
    soldstatus $134,000

ⓘ 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: $5,597 · $466/mo
• Projected year-2 tax: $5,597 · $466/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 1/10 Low
• 🌡 Heat 2/10 Low 8 d/yr ≥93°F today · 18 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: $34,152
• − Mortgage interest: −$11,147
• − Property taxes: −$5,597
• − Insurance: −$995
• − Repairs & maintenance: −$2,732
• − Management: −$2,732
• − Depreciation: −$5,789
• Taxable income: $5,160
• Est. tax owed @ 24.0%: −$1,238
• After-tax cash flow: $6,627/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

+48.5% since first listed

5 events — show timeline

• 2026-04-26 Contingent — UNYREIS
• 2026-01-29 Price Changed $199,000 UNYREIS
• 2025-09-05 Listed $230,000 UNYREIS
• 2025-07-29 Listed $210,000 Fizber.com
• 2005-06-08 Sold (Public Records) $134,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $5,597 · +5.5% YoY. Source: county tax records.