About This Home

This 3-bedroom, 1-bathroom residential multi family at 14 Moss Street #16 in New Berlin, NY is listed for $1,195,000 ($263 per sqft). Built in 1900, the home offers 4,538 sqft of living space on a 0.50 acres lot.

Key Features

  • Built in 1900
  • 0.50 acre lot
  • 2 stories

Property Details

2 stories
1 full
#16
1900

Amenities

Hardwood
Listing Description

Rare opportunity to acquire a well-established investment portfolio consisting of seven residential multi-unit properties located throughout Norwich, Sherburne, and New Berlin. The package includes a diverse mix of 2-unit, 3-unit, and 4-unit buildings, offering investors the benefit of multiple income streams across three desirable City and Village locations.

The portfolio maintains a very low actual Vacancy rate, generating annual gross rental income of approximately $218,000 and net income in excess of $125,000. Offered at a capitalization rate of 10.54%, this package provides excellent current cash flow with additional potential through continued professional management, strategic improvements, and future rent growth.

Overall property conditions range from average to above average, with some deferred maintenance providing opportunities to further enhance curb appeal, value, and operating performance. Each property is conveniently situated within easy walking distance of local employment, shopping, dining, schools, and other community amenities-locations that help support consistent tenant demand and long-term occupancy.

Whether expanding an existing portfolio or making a substantial entry into the multi-family investment market, this offering provides a rare opportunity to acquire multiple income-producing properties in a single purchase. Strong historical occupancy, diversified unit count, desirable locations, and attractive financial performance combine to make this a noteworthy Central New York investment opportunity. Owner Financing is not available. Seller is unable to break package or sell properties individually.

Monthly Cost Estimate

$6,391/mo

20% down · 6.5% · 30 years

Principal$864
Interest$5,178
Insurance$349

Estimates only. Actual payments may vary.

Location

14 Moss Street #16

New Berlin, NY 13411

Features & Amenities

Exterior Features

PropaneTankLeased

Property Details

Flooring

VariesCarpetHardwoodVinylTile

Construction

AtticCrawlHatchwaysInsulated BlownInInsulation VinylSiding WoodSiding

Heating

BaseboardForced AirNatural GasOther (Heating)Electric (Heating)

Appliances

ElectricWaterHeater

Questions & Answers

This 3-bedroom, 1-bathroom residential multi family at 14 Moss Street is listed at $1,195,000 ($263/sqft). The estimated monthly payment is $6,392 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.50 acre lot, 2 stories. Exterior Features: PropaneTankLeased.

This property is listed by Kevin D. Walsh.

KW

Kevin D. Walsh

License 10301203604

Agent at Keller Williams Upstate New York Properties

Listed by Keller Williams Upstate New York Properties · Broker phone: (607) 431-2540 · View on Broker Site · Broker website

MLS# R1711749· Source: New York State Alliance of MLSs, LLC· 47 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

14 Moss Street #16, New Berlin, NY 13411

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