27 Church Street, Oneonta, NY 13820

• 7 beds |
• 2 baths |
• 2,354 sqft

Property Description

LISTING PRICE: $367,500 2-Unit | 7-Bedroom Investment Property with Strong Rental History Fully leased for the 2025–2026 and 2026–2027 school years, this fully furnished property offers immediate and reliable income. The building features two units: a 2-bedroom / 1 full bath apartment and a LEGAL 5-bedroom / 1 full bath apartment, plus a shared basement laundry room equipped with two washers and two dryers. Apartment 1 has been newly renovated with vinyl plank flooring and fresh paint. Apartment 2 has also been freshly painted and features hardwood floors on the second level and carpeting on the third floor. Conveniently located near downtown, the college campus, and bus routes, the property offers strong tenant appeal. All inspections have been completed, and a Certificate of Compliance is in place through 2029. The seller is a licensed real estate broker. This is an excellent turnkey investment opportunity with proven cash flow. History: 2024-2025 School Year: GROSS INCOME: $58,000 NET OPERATING INCOME = $41,221 2025-2026 School Year: GROSS INCOME: $51,000 NET OPERATING INCOME= $36,111 2026-2027 School Year: SIGNED GROSS INCOME: $53,000 NET OPERATING INCOME: $38,111 (Group of 4 signed at $4400/semester/student with a 5th that tentatively plans on signing this spring. When the 5th is signed, rent for all 5 is $4000/semester/student) POTENTIAL GROSS INCOME: $57,800 POTENTIAL NOI: $42,911 TOTAL EXPENSES: $14,889 Land & School Taxes = $7,389 Insurance = $1,500 Heat/Electric = $3,500 Cable/Internet = $1,200 Garbage = $500 Water/Sewer = $800 Cap Rate: 10.37% (Potential Cap Rate: 11.68% )

Listing Status:

Pending

Date Added:

March 11, 2026

Data Last Updated:

April 4, 2026 at 10:18PM

Listing Office:

Dudley Realty Inc : 607-431-8181

Listing Agent:

Timothy Sagasti : (607) 431-8181

MLS ID:

R1666043

Interior

• General: Attic
• Appliances: Gas Water Heater
• Laundry: Common Area
• Basement: Walk-Out Access
• Flooring: HardwoodVariesVinyl
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

• Other Structures: PorchCovered
• Parking: Two or More Spaces

Construction

• Roofing: Shingle
• General: Vinyl Siding3

Location

• Road/Access: City Street
• Originating MLS: NYS_OD
• School District: Oneonta
• County: Otsego

Lot

• Zoning: 361200-300-005-0002-016-000-0000

Utilities

• Utilities: High Speed Internet AvailableSewer ConnectedWater Connected
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_OD