Active

726 N James Street

Rome, NY 13440
Mark as Favorite
Bed 10

Bed

Bath 3

Bath

SqFt4,098

Sqft

Acres0.28

Acre(Lot)

EXCEPTIONALLY UNIQUE INVESTMENT OPPORTUNITY offering possibilities far beyond the typical two-unit rental. While city tax records classify the property as a two-family residence, the income-producing potential tells a MUCH greater! The main level features a spacious 3 bed, 1 bath apartment with both side and rear entrances, creating an ideal setup for owner occupancy or a traditional rental unit. Currently generating $900 per month in rental income, market potential is estimated between $1,200 and $1,800 per month. The front portion of the property operates in a rooming house or hostel-style configuration, offering seven private single-room units, two shared full bathrooms, and a communal kitchen. Each room currently rents for approximately $320 to $350 per month, creating an impress ive annual income potential estimated between $32,000 and $38,000. For an owner-occupant, this presents a remarkable opportunity to live comfortably in the three bedroom apartment while benefiting from substantial income generated by the remainder of the property. Several tenants are long-term occupants who would welcome the opportunity to remain, providing valuable continuity for the next owner. Additional improvements include updated vinyl windows throughout, a walk-up attic that is both insulated and well ventilated, and a dry, functional basement housing the mechanical systems. Conveniently located near grocery stores, the post office, dining options, and public transportation, this property offers both accessibility and exceptional versatility for investors and owner-occupants alike. Rome City taxes reflect the inclusion of unmetered water, public sewer, and weekly garbage & green waste pick up for that of a 2 unit rental, making operating costs incredibly economical.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $249,900

AD Id : 87962762

MLS Id : S1697845

Beds : 10

Lot Size : 0.28 Acre

Living Area Size : 4,098

Year Built : 1890

County : Oneida

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Has Basement: Yes Basement: Exterior Entry, Full, Walk-Up Access
  • Flooring Information

    Carpet, Varies
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Ceiling Fan(s), Natural Woodwork Roof: Asphalt, Shingle Window Features: Insulated Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s)

  • Building Information

    Year Built: 1890 Building Area Total: 4098 Construction Materials: Vinyl Siding Stories: 2 Patio And Porch Features: Covered, Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 60X199 Main Square Feet: 0.28 Acres Lot Size Acres: 0.28 Lot Size Square Feet: 12197 Lot Description: Near Public Transit, Rectangular Lot

  • Listing Price Information

    Listing Price: $249900 Cash, Conventional

  • Tax Information

    Parcel Number: 301301-242-027-0001-053-000-0000 Annual Tax: $6778

  • School Information

    Elementary School:
    Junior High School: Lyndon H Strough Middle
    Senior High School: Rome Free Academy
  • Utility Information

    Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public
Sell a home like this and save $14,495 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
123 6th Street, Rome, NY, 13440 $100,000 3 2 1,392 1,392 SqFt
4 5 6 7 Kossuth Street, Rome, NY, 13440 $449,900 12 5 1,400 1,400 SqFt
625 Roosevelt Avenue, Rome, NY, 13440 $274,900 4 3 2,552 2,552 SqFt
124 River Street, Rome, NY, 13440 $179,000 7 4 3,654 3,654 SqFt
115 E Bloomfield Street, Rome, NY, 13440 $159,000 6 3 2,786 2,786 SqFt
126 Turin Street, Rome, NY, 13440 $190,000 5 4 3,094 3,094 SqFt
108 E Embargo Street, Rome, NY, 13440 $75,900 6 2 2,113 2,113 SqFt
116 W Embargo Street, Rome, NY, 13440 $160,000 4 2 1,996 1,996 SqFt
114 W Court Street, Rome, NY, 13440 $184,900 3 3 2,248 2,248 SqFt
614 Turin Street, Rome, NY, 13440 $174,900 5 2 2,072 2,072 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 07/18/2026 @ 08:00

MLS: S1697845 LISTED BY: Lori Frieden, Coldwell Banker Faith Properties R 315-339-2222 SOURCE: Central New York Information Services

Homes around $249,900

Selling? Save $14,495 when you sell a home like this

Tour with a ByOwner Agent