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571 Southside Dr - Triplex Investment Property 3 Unit Apartment Building Offered at $385,151 CAD at a 6.37% Cap Rate Oneonta, NY 13820
Investment Highlights
- Large Pole Barn
- Great Location
- Three Apartments in Oneonta
Executive Summary
Looking to expand your rental portfolio? Need a large pole barn with plenty of clearance? This clean, well-maintained triplex offers immediate income with room to grow AND a large pole barn, making it a smart addition for investors and contractors seeking cash flow and long-term value in a prime Oneonta location. Rents are under market rate by about 30 to 35% which offers great opportunities for increased cash flow. Situated on a spacious 1.03-acre lot, this property features three well maintained rental units, off-street parking, and a large pole barn ideal for storage, equipment, or additional income potential. The covered front porch and expansive yard add curb appeal and tenant satisfaction, while a private deck at the back offers the top two apartments additional outdoor living space. The unit mix includes a spacious two-bedroom, one-bath apartment downstairs along with two additional one-bedroom, one-bath apartments upstairs. The lower level also attaches to a one car garage. This property checks the boxes investors look for: an excellent location close to local amenities, a clean and well-maintained condition that's move-in ready for tenants, and real room for improved cash flow through strategic upgrades. Whether you're a seasoned investor or just starting to build your rental portfolio, this triplex delivers the fundamentals: solid bones and a great location.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$37,997
|
$17.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,997
|
$17.86
|
| Taxes |
$7,653
|
$3.60
|
| Operating Expenses |
$5,135
|
$2.41
|
| Total Expenses |
$12,787
|
$6.01
|
| Net Operating Income |
$25,209
|
$11.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $37,997 |
| Annual Per SF | $17.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $37,997 |
| Annual Per SF | $17.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,653 |
| Annual Per SF | $3.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,135 |
| Annual Per SF | $2.41 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,787 |
| Annual Per SF | $6.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $25,209 |
| Annual Per SF | $11.85 |
Property Facts
| Price | $385,151 CAD | Property Type | Multifamily |
| Price Per Unit | $128,384 CAD | Building Size | 2,128 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.37% | No. Stories | 2 |
| Gross Rent Multiplier | 10 | Year Built | 1840 |
| No. Units | 3 |
| Price | $385,151 CAD |
| Price Per Unit | $128,384 CAD |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| Gross Rent Multiplier | 10 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 2,128 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1840 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,468 CAD | - |
| 1+1 | 2 | $1,198 CAD | - |
| 1+1 | 3 | $1,156 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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571 Southside Dr - Triplex Investment Property
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