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16-18 Myrtle Avenue

Oneonta, NY 13820
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Bed 5

Bed

Bath 0

Bath

SqFt6,534

Sqft

Acres0.15

Acre(Lot)

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 p ortfolio 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,100,000

AD Id : 85533821

MLS Id : R1691809

Beds : 5

Lot Size : 0.15 Acre

Living Area Size : 6,534

Year Built : 1982

County : Otsego

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Feature Features

  • Bedroom Information

    Total beds: 5

    Room Information

    Has Basement: Yes Basement: Full, Partial
  • Flooring Information

    Hardwood, Tile, Varies, Vinyl
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Zoned, Natural Gas Has Cooling: Yes Cooling: Zoned

  • Building Information

    Year Built: 1982 Building Area Total: 6534 Construction Materials: Vinyl Siding, Wood Siding Stories: 3 Patio And Porch Features: Covered, Deck, Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 60X118 Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $1100000 Cash, Conventional

  • Tax Information

    Parcel Number: 288.17-3-76 Annual Tax: $436109

  • Parking Information

    Parking Total: 3 Driveway, No Garage, Gravel

  • Utility Information

    Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2284 Pumpkin Hollow Road, Oneonta, NY, 13820 $115,000 2 1 840 840 SqFt
101 Woodland Drive, Oneonta, NY, 13820 $499,900 3 3 2,016 2,016 SqFt
112 Central Drive, Oneonta, NY, 13820 $349,900 3 4 1,600 1,600 SqFt
388 Southside Drive, Oneonta, NY, 13820 $129,000 3 1 1,840 1,840 SqFt
5369 State Highway 7, Oneonta, NY, 13820 $154,900 4 1 1,600 1,600 SqFt
107 Balford Drive, Oneonta, NY, 13820 $299,900 3 3 1,832 1,832 SqFt
86 Hudson Street, Oneonta, NY, 13820 $365,000 4 2 2,128 2,128 SqFt
239 Peebles Hill Road, Oneonta, NY, 13820 $395,000 4 3 2,200 2,200 SqFt
6 S Belmont Circle, Oneonta, NY, 13820 $329,000 3 2 2,100 2,100 SqFt
15 Tilton Avenue, Oneonta, NY, 13820 $264,999 3 2 1,416 1,416 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 06/25/2026 @ 18:08

MLS: R1691809 LISTED BY: Travis O'Dell, Land and Water Realty LLC 845-807-2630 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)

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