16-18 Myrtle Avenue, Oneonta, NY 13820
Otsego County
Key Facts
Description
Welcome to Hill City Student Rentals. This three-property rental portfolio is a complete, buttoned-up investment opportunity with strong immediate cash flow at an exceptional cap rate of around 9.5%. Whether you are a solo investor, an institutional investor, a student or a family member of a student, this is truly a great opportunity. Offered as a package, we have 32 Ford Avenue, 8 Franklin Street, and 16-18 Myrtle Avenue all in Oneonta, NY and all proven and up-to-date, and fully permitted student housing. 32 Ford is a 2-unit with a total of 5 bedrooms. 8 Franklin Street is a single-family 3-bedroom with potential for a 4th bedroom conversion. 16-18 Myrtle is a large duplex with a grandfathered 10-person occupancy rate. This combination of properties creates a very unique, turn-key portfolio with strong NOI. Available furnished and leased for the upcoming school year, this is an investment that will cash flow right out of the gates and is not an opportunity you will want to miss.
Property Information
Property Type
Residential Income
Year Built
1982
Stories
3
Living Area
6,534 sq ft
Lot Size
0.15 acres
Lot Dimensions
60X118
Parking Spaces
3
Days on Market
3
MLS® Listing#
R1691809
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Patio
Lot Features
Construction
Roof
Community
Utilities
Water Source
Financial Details
Annual Taxes
$436,109
Assessed Value
$199,000,000
Parcel Number
288.17-3-76
Affordability Calculator
$220,000
Estimated monthly payment
$5,855/mo
Principal $880,000 · Est. interest $1,227,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oneonta, NY
- $274,194
- Median Listing Price
- 56
- Median Days on Market
- 1,890
- Median Sq Ft
- $139
- Median Price / Sq Ft
- 57
- Active Listings
- This home’s price is 301% above the area median.
- Its price per sq ft is 21% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oneonta, NY.
Location
Points of Interest in Oneonta, NY
Showing the Oneonta area map.
Nearby Schools
Center Street Elementary School
Elementary · 0.1 mi away
Oneonta City School District
School · 0.1 mi away
Oneonta Senior High School
Secondary · 0.7 mi away
Oneonta City School District
Secondary · 0.7 mi away
Valleyview Elementary School
Elementary · 0.9 mi away
Riverside Elementary School
Elementary · 1.2 mi away
Greater Plains Elementary School
Elementary · 1.2 mi away
Oneonta Community Christian School
School · 1.3 mi away
Laurens Central School
School · 5.1 mi away
Otego Elementary School
Elementary · 7.1 mi away
Franklin Central School
School · 10.0 mi away
Unatego Junior Senior High School
Secondary · 10.4 mi away
Unatego Middle School
Secondary · 10.4 mi away
Milford Central School
School · 10.6 mi away
Charlotte Valley Central School
School · 10.9 mi away
Morris Central School
School · 11.3 mi away
Otsego Area Occupational Center
School · 11.4 mi away
Schenevus Central School
School · 13.9 mi away
Gilbertsville - Mount Upton Central School District
Elementary · 14.5 mi away
Andes Central School
School · 14.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 357 County Highway 9, Oneonta, NY | $1,050,000 | 5 | 5 | 5,800 |
Moving Cost Estimate
EXIT Agents in Oneonta
Listing Courtesy: Land and Water Realty LLC - 8458072630
Presented by: Travis O'Dell
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2026-06-19