427 N Lake St - Apartments FOR SALE


Oneida, NY 13421
$800,000 USD
315-572-3823
427 N Lake St, Oneida, NY for Sale
$800,000 USD
Apartments - FOR SALE
1/17
null | 7% Cap Rate

427 N Lake St
Oneida, NY 13421


HIGHLIGHTS

  • Vacant unit offers immediate lease-up opportunity
  • Four MTM tenants provide near-term rent upside
  • Recent updates: flooring, windows, and more
  • Each unit separately metered for all utilities
  • ±3 acres with potential for future development
  • Strong value-add play in growing Oneida market

OVERVIEW

8-Unit Multifamily Portfolio | Value-Add Opportunity | Oneida, NY Presented by Trenca & Co Realty, this 8-unit multifamily investment opportunity consists of two well-maintained 4-unit buildings situated on approximately 3 acres in Oneida, NY. The property has undergone recent updates, including new flooring and windows throughout. Each unit is separately metered for electric, gas, and water, offering efficient utility management and tenant responsibility. The buildings are currently stabilized, with one vacant unit ready to lease and four tenants on month-to-month terms—creating a clear path for increased rental income. With a total of ~3 acres of land, this property also presents future development potential (subject to municipal approvals), making it well-suited for investors looking to scale in a growing market. Investment Highlights: 8 Units Total | Two 4-Unit Buildings Separately Metered Utilities (Gas, Electric, Water) Recent Capital Improvements (Floors, Windows, Interiors) 1 Vacant Unit + 4 MTM Tenants = Immediate Upside Situated on ±3 Acres — Development Potential Value-Add Opportunity with Long-Term Growth Potential This offering is ideal for investors seeking stabilized cash flow with built-in upside through leasing, renovations, and potential expansion. For offering memorandum, rent roll, and showings, please contact Trenca & Co Realty. John A. Trenca (315) 572-3823 john@trencarealty.co

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

8

PRICE/UNIT

$100,000

CAP RATE

7%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

20

LAND DETAILS

LAND ACRES

3.63 AC

LAND SF

158,123 SF

ZONING

R3

APN/PARCEL ID

251201-030-047-0001-014-000-0000

ASK ABOUT THIS PROPERTY

John TrencaTrenca & Co RealtyMore Info
315-572-3823

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John TrencaTrenca & Co RealtyMore Info
315-572-3823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.