13 days on rocket

524 Ontario St, Utica, NY, 13501

$275,000

Home List Price

$3,266*

Closing Credit

10 Bedrooms
4 Full Baths
5,508 SqFt
$50/SqFt
Multi

Location

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524 Ontario St, Utica$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Site, Two or More Spaces
Year Built1950
HeatingNatural Gas, Other, Forced Air, Space Heater(s)
CoolingOther
BasementYes
MLS #S1575273
Lot Size0.11 Acres
StatusActive

About 524 Ontario St

Can you say CASH COW?! Extremely rare 4-unit income-producing property located in the heart of East Utica. This partially renovated gem offers an incredible opportunity for investors seeking a high cash flow property in a market that continues to appreciate! Or imagine getting paid to live here! Live in one unit and let your tenants pay your mortgage, taxes, and insurance! Property Highlights: All units are vacant, 2 are move in condition, while 2 are awaiting your finishing touches! 10 beds 4 baths! The property features two spacious 3-bedroom, 1-bathroom apartments and two comfortable 2-bedroom, 1-bathroom apartments, providing a variety of living spaces for tenants. Each unit has its own separate utilities, ensuring ease of management and potential for increased rental income. Market rent on 3 bd apts in Utica is $1,300.00, while 2 bd apts are $1125! Prime Location: Situated in a desirable neighborhood, close to schools, parks, shopping, and public transportation, attracting a steady stream of potential tenants. The recent renovations ensure minimal immediate expenses. Don't miss out on this fantastic investment opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1950
  • Stories: 2
  • Living Area: 5,508 SqFt

Listing Office:

  • Office Name: Coldwell Banker Faith Properties Il
  • Office Phone: (315) 574-2260
  • Listing Agent: C. Vitiello

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood, Laminate, Varies, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: Off Site, Two or More Spaces

Virtual/3D Tour

  • Virtual Tour: 524 Ontario St
Virtual Tour

Lot Features

Lot Information:

  • Lot: Other, Near Public Transit, Rectangular Lot, See Remarks
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Other, Forced Air, Space Heater(s)
  • Cooling: Other

Other

Directions Information:

  • Directions: Bleecker to Ontario

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $50/SqFt

Tax Information:

  • Annual Amount: $3,311
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Utica, NY.

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Utica, NY

City

Med. Sold Price

$170K

Med. Price/SqFt

$113

Avg. Days On Market

19

# of Sold Homes

38

524 Ontario St vs Utica

13 DAYS ON ROCKET

-6 Days

$275,000

+$105K More

$50/SqFt

-$63 Less

KEY TAKEAWAY

This property is $105K more than the Median Sold Price and $63/SqFt less than other homes in Utica, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #S1575273

Listing Office:

  • Office Name: Coldwell Banker Faith Properties Il
  • Office Phone: (315) 574-2260
  • Listing Agent: C. Vitiello

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. 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 this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/15/2024, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 28, 2015Home Sold
$70,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,311$45,000
2019$1,787$45,000
2018$1,786$45,000
2017$1,746$45,000

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-390749
4
/10

  • Albany Elementary School

  • 1151 Albany St Ste 1

  • 0.57 miles

  • Public Magnet Grades KG-6

school-card-donut-390750
3
/10

  • Roscoe Conkling Elementary School

  • 1115 Mohawk St

  • 1.02 miles

  • Public Magnet Grades KG-6

school-card-donut-390751
5
/10

  • Christopher Columbus Elementary School

  • 934 Armory Dr

  • 1.26 miles

  • Public Magnet Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,973. The most common annual income of people living in Utica, NY is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Utica, NY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Utica, NY.

Utica's housing market offers a diverse array of options, with single-family homes being a significant component, complemented by a selection of apartments and townhouses. The architectural styles in Utica range from historic Victorian and Colonial homes to more contemporary designs, reflecting the city's rich history and modern growth. The homeownership rate in Utica is notable, with a substantial portion of residents owning their homes, while the remainder of the population opts for renting, accommodating various lifestyle needs and preferences.

What is it like to live in Utica, NY?

Utica is celebrated for its vibrant cultural tapestry and community spirit. The city prides itself on a variety of local events and festivals that showcase its multicultural heritage, including the popular Utica Music and Arts Fest. The community's character is further enriched by its commitment to preserving green spaces and promoting a family-friendly atmosphere, with numerous parks and recreational areas serving as gathering spots for residents.

Is it easy to get around Utica, NY without a car?

The community is served by a robust educational system, featuring a number of public and private schools that cater to a range of educational needs. Utica also provides residents with access to quality healthcare facilities, including a regional hospital that offers a spectrum of services from emergency care to specialized treatments. The city's public library system supports lifelong learning and community engagement. Retail and dining options in Utica reflect the local culture, with a mix of independent shops and restaurants that contribute to the city's unique charm.

Transportation in Utica, NY.

Utica's transportation infrastructure includes a network of roads and highways that connect residents to the surrounding areas, with public transit options available to facilitate daily commutes. The city's transit system operates on a set schedule, providing consistent service throughout the community. While specific ride-sharing services are present, the city also encourages walkability and bikeability, with certain neighborhoods being particularly pedestrian-friendly. Ongoing initiatives aim to enhance the efficiency and accessibility of transportation in Utica, ensuring connectivity remains a priority.

Rocket Homes›New York›Oneida County›Utica›13501›524 Ontario St

This home is located at 524 Ontario St in Utica, NY and zip code 13501. This 5,508 square foot home, which was built in 1950, sits on a 0.11 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $275,000.

In October 2024 more than 12 listings in Utica, NY were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 17 were sold below. In October 2024 in Utica, NY there were 7.2% more homes for sale than in September 2024. In October 2024 median list price was $170,000 and the average listing age was 19 days.

From Rocket Homes Real Estate and based on county public records data.

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