34 Pine St, Oneonta, NY 13820

Description

34 Pine Street – Income-Producing Duplex with Additional Revenue (Portfolio Sale Required)
Opportunity knocks in Oneonta with 34 Pine Street, a well-performing two-family duplex offering both steady rental income and an added bonus revenue stream. The property features one 3-bedroom unit and one 2-bedroom unit, providing flexibility and strong tenant appeal.
Each unit is equipped with separate utilities, helping keep operating expenses low, with the owner responsible only for water and sewer. In addition to residential income, the property includes a garage currently rented long-term for tool storage, creating supplemental, reliable income. The property generates a current annual NOI of $15,575.
Portfolio Sale Requirement
34 Pine Street is part of a three-property investment package that must be sold together, delivering scale and consistent returns:
14–16 Otsego Street – Two-family duplex with 6 bedrooms / 2 bathrooms (two 3BR units), separate utilities, NOI: $17,800
1–3 Birch Street – Two-family duplex with one 3-bedroom and one 2-bedroom unit, separate utilities, NOI: $16,125
Investment Highlights:
Total Portfolio NOI: $49,500
Offered at a 7.125% cap rate
6 total units across 3 properties
Separate utilities in all units for efficient management
Additional income stream from garage rental at Pine Street
Located in a strong, consistent rental market
Why 34 Pine St Stands Out:
Multiple income streams (residential + garage rental)
Desirable unit mix appealing to a wide tenant base
Stable cash flow with potential for future rent increases
Positioned as a key component of this income-generating portfolio, 34 Pine Street offers both stability and upside—ideal for investors looking to expand with a turnkey package in Oneonta.