Oneida County · Rome
Sell Your Commercial Property In Rome, NY
Own a commercial apartment building of five or more units in Rome? We purchase multifamily properties around Downtown Rome, East Rome, and the rest of Oneida County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Rome Submarkets: Downtown Rome · East Rome · Griffiss · Westernville — Oneida County, NY
Why Rome
Why We Buy Multifamily In Rome
Rome's economy still turns on defense. The former Griffiss Air Force Base is now the 3,500-acre Griffiss Business & Technology Park, with scores of tenants in technology, manufacturing, aviation and education, and the city is home to the Air Force Research Laboratory's Information Directorate, which develops command, control, communications, computing, intelligence and cyber technology.
The Census Bureau's 2020–2024 American Community Survey counts 6,019 renter households out of 13,870 occupied homes, or 43.4%. The median gross rent is $909 a month, under the Utica-Rome HUD Fair Market Rent for a one-bedroom, and the median household income is $59,925.
Rome is also one of 25 New York cities in the state's new Lead Rental Registry. Skyline Capital Investments buys apartment buildings of five or more units in Rome, from Downtown and East Rome to Griffiss and Westernville.
AFRL Information Directorate
The Air Force Research Laboratory's Information Directorate in Rome develops command, control, communications, computing, intelligence and cyber technologies, supporting a skilled defense workforce in the city.Griffiss Business & Technology Park
The former Griffiss Air Force Base has been redeveloped into a 3,500-acre business and technology park with technology, manufacturing, aviation, office and education tenants.Rome Health on North James Street
Rome Health, a community hospital at 1500 N. James Street affiliated with St. Joseph's Health, provides emergency, maternity, surgical and skilled nursing care in the city.Our Buy Box
What We Buy In Rome
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Rome Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Rome
Rome had 31,795 residents and 13,870 occupied homes in the ACS 2020–2024 estimates; 6,019 were rented. Of renter households, 42.8% pay 30% or more of income on rent, and 19.3%, about 1,160 households, pay half or more. The median household income is $59,925. Employment leans on defense and technology: the AFRL Information Directorate focuses on C4I and cyber research, and the Griffiss park houses tenants from manufacturing to aviation. Rome Health, on North James Street, adds hospital employment.
Rents and HUD benchmarks
HUD's FY2026 Fair Market Rents for the Utica-Rome metro (HUD):
| Unit size | FY2026 FMR |
|---|---|
| Efficiency | $899 |
| One-bedroom | $926 |
| Two-bedroom | $1,172 |
| Three-bedroom | $1,405 |
| Four-bedroom | $1,623 |
The $909 citywide median sits between the efficiency and one-bedroom figures, so voucher rents on two- and three-bedroom units can run above typical market levels.
The apartment stock
Of 15,300 housing units, 9,046 are single-family homes and 2,837 are in two- to four-unit buildings (table B25024). Buildings of five or more units hold 3,082 units, 20.1% of the stock: 737 in 5–9 unit buildings, 857 in 10–19, 344 in 20–49 and 1,144 in 50 or more. The median year built is 1955. Some 4,809 units predate 1940, and the 1950s added 2,803 more, the largest postwar decade; only 760 were built in 2010 or later (table B25034). About 1,430 units, 9.3% of the stock, were vacant at survey time. Units in 10- to 19-unit buildings outnumber those in 5- to 9-unit buildings, so mid-size properties make up a large part of the city's 5+ unit market, alongside 1,144 units in buildings of 50 or more.
Lead registry and landlord rules
Rome is one of 25 communities in the state's Lead Rental Registry. Owners of rental properties built before 1980 with two or more units must register them in Lead Safe NY, and each needs a lead hazard inspection at least every three years; hazards must be fixed by an EPA-certified contractor, and noncompliance can bring fines, placarding and liens. The law took effect November 3, 2025, and the state has awarded $40 million to 20 counties for lead hazard remediation (NYSDOH). Rome is not on HCR's list of ETPA municipalities or its May 2026 Good Cause opt-in list (HCR). Deposits are capped at one month's rent and must be returned with an itemized statement within 14 days of move-out (GOL § 7-108), and a sale carries the state's 0.4% transfer tax (NYS Tax Department).
What this means if you own a building here
Buyers will price lead compliance first, then in-place rents and voucher income. A current Lead Safety Certificate makes a building easier to underwrite. Skyline Capital Investments buys 5+ unit buildings in Rome; try our value calculator or request an offer.
Before You Sell
Rome Seller Checklist
Before you sell commercial property in Rome, NY, here is what we look at first.
More about selling in New York →Investing in Rome? See apartment syndications in Rome →
- Rome is in the state Lead Rental Registry, so rental properties built before 1980 with two or more units must be registered and pass a lead hazard inspection at least every three years.
- With 81.0% of Rome's housing units built before 1980, nearly every apartment building in the city falls under the lead registry, and buyers will ask for a current Lead Safety Certificate.
- Rome is not an ETPA municipality and was not among the localities that had opted into Good Cause Eviction as of May 4, 2026, so rents are set by lease under state deposit and notice rules.
Seller Guides
Your Situation, Handled — Rome
Learn More
Taxes & Rules For Rome Property
The New York rules that shape any deal in Rome: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Rome Seller FAQ
What is the average rent in Rome, NY?
The Census Bureau's ACS 2020–2024 estimate puts Rome's median gross rent, including utilities, at $909 a month. HUD's FY2026 Fair Market Rents for the Utica-Rome metro are $926 for a one-bedroom and $1,172 for a two-bedroom.
Does Rome, NY have rent control?
No. Rome is not on the state's list of municipalities that adopted the Emergency Tenant Protection Act, and it was not among the localities that had opted into Good Cause Eviction as of May 4, 2026. State law caps security deposits at one month's rent.
What is the Lead Rental Registry in Rome?
A state program that took effect November 3, 2025 in 25 communities, including Rome. Owners of rental properties built before 1980 with two or more units must register in Lead Safe NY and pass a lead hazard inspection at least every three years to hold a Lead Safety Certificate.
What share of Rome residents rent?
About 43.4%. The ACS 2020–2024 estimate counts 6,019 renter-occupied homes out of 13,870 occupied homes. About 42.8% of renter households pay 30% or more of income on rent, and 19.3% pay half or more.
Do I need to fix up my Rome building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Oneida County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Rome without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Rome?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Have A Property In Rome?
The simplest way to sell commercial property in Rome, NY is to send us the basics below.
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
