For SaleMLS # R16918093 days on market

16-18 Myrtle Avenue

Oneonta, NY 13820 · Otsego County

Price

$1,100,000

Bed / Bath

5 bd

Interior

6,534 sqft

Lot

6,534 sqft lot

Built

1982

About this home

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.

Exterior features

Deck
Gravel Driveway

Appliances

Dishwasher
Gas Oven
Gas Range
Gas Water Heater
Refrigerator

Mechanical

Heating

Gas, Zoned

Cooling

Zoned

Schools

District

Oneonta

Tax & finance

Annual taxes

$436,109

Financing

Cash · Conventional

Location

Oneonta, NY 13820 · Otsego County

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MLS Attribution

Listing courtesy of Land and Water Realty LLC. Listing agent: Travis O'Dell. Data last updated 6/22/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.