4 beds2,580 sqft$52/sqft
509 W Thomas St, Rome, NY 13440
Est: $1,046/moGet pre-approved

Description

Whether you’re looking to expand your investment portfolio or offset your mortgage with rental income, this move-in ready two-unit property offers exceptional flexibility and opportunity. Owner occupy one unit while generating income from the other, or maximize returns by utilizing both as rental units. After some exterior sprucing up is completed, you have yourself an absolute GEM! The main level unit has been refreshed with updated laminate flooring and fresh paint, creating a bright and welcoming...Whether you’re looking to expand your investment portfolio or offset your mortgage with rental income, this move-in ready two-unit property offers exceptional flexibility and opportunity. Owner occupy one unit while generating income from the other, or maximize returns by utilizing both as rental units. After some exterior sprucing up is completed, you have yourself an absolute GEM! The main level unit has been refreshed with updated laminate flooring and fresh paint, creating a bright and welcoming atmosphere. Features include a spacious eat-in kitchen complete with gas stove, refrigerator, washer, and dryer, an updated bathroom, two generously sized bedrooms, a formal dining room, and a large living room. Enjoy the added bonus of both front and side porches for outdoor relaxation. Upstairs, the second unit offers another 2 bedroom, 1 bath layout featuring a large eat-in kitchen, formal dining room, and spacious living room. An insulated rear room provides the perfect transition space from the rear entrance and would make an ideal mudroom, drop zone, or additional storage area. Additional highlights include ample off-street parking, a spacious partially fenced backyard, updated vinyl windows, and abundant storage throughout, including oversized bedroom closets and a storage shed. The property is equipped with separate gas meters, electrical services, water heaters, and gas furnaces for each unit, offering convenience and independence for occupants. An added bonus is the property’s low assessment, resulting in VERY AFFORDABLE TAXES that include unmetered water, sewer, garbage collection, and green waste pickup for both units. Conveniently located with easy access to all areas of the city and major roadways, this property is also close to local recreational amenities including JFK Arena for winter ice skating and the Municipal pool for summer fun. Opportunities like this don’t come along often... whether you’re an investor or owner-occupant, this one deserves a closer look.
LISTING UPDATED: 08/06/2026 02:48 PM

  1. Listed by Lori A. Frieden • Coldwell Banker Faith Properties R
    P: (315)-225-9958 C: (315)-225-9958 lorifriedensells@gmail.com

Property Details for 509 West Thomas Street

Status
MLS #
S1699518
Days on Market
21
Taxes
$4,320 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Residential
Year Built
1900
Lot Size
0.12 AC / 5,227 SF
Architectural Style
Duplex
Has Waterfront
No
Zoning Description
Residential 2 Unit

Location

Listing Courtesy of Coldwell Banker Faith Properties R
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Building Information for 509 West Thomas Street

Stories2Residences2Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,046 per month

30 year fixed, 6.55% Interest

Principal and Interest

$686

Property Taxes

$360

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 509 West Thomas Street

Summary
Location and General Information
  • Carrier Route: C002
  • Cross Street: N Jay St
  • Latitude: 43.219881
  • Longitude: -75.462614
  • MLS Area Major: Rome-Inside-301301
  • Senior Community: No
  • Township: Not Applicable
Taxes and HOA
  • Parcel Number: 301301-242-025-0001-075-000-0000
  • Tax Annual Amount: $4,320.00
  • Tax Assessed Value: 32400
School Information
  • Elementary School: Gansevoort Elementary
  • Elementary School District: Rome
  • High School: Rome Free Academy
  • High School District: Rome
  • Middle Or Junior School: Lyndon H Strough Middle
  • Middle Or Junior School District: Rome
Parking
  • Garage Spaces: 0.0
  • Parking Features: Paved
Virtual Tour
Property
Lot Information
  • Lot Features: Near Public Transit, Rectangular Lot
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Units: Acres
  • Lot Size Dimensions: 48X116
  • Lot Size Square Feet: 5227.0
  • Road Frontage Type: City Street
Property and Assessments
  • Building Area Source: Public Records
  • Building Area Total: 2580.0
  • Living Area: 2580.0
  • Property Condition: Resale
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1900
  • Year Built Details: Existing
Building Features
  • Construction Materials: Cedar, Vinyl Siding
  • Foundation Details: Stone
  • Levels: Two
  • Roof: Asphalt, Shingle
  • Stories: 2
  • Total Stories: 2
Utilities
  • Electric: Circuit Breakers
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Sewer: Connected
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Fence
  • Fencing: Partial, Fenced
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Exterior Entry, Full, Walk-Up Access
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Cooling: Ceiling Fan(s)
  • Has Cooling: Yes
  • Has Fireplace: No
  • Flooring: Carpet, Other, See Remarks, Varies, Vinyl
  • Heating: Natural Gas, Forced Air
  • Has Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Washer Hookup
  • Main Level Bathrooms: 0
  • Window Features: Insulated Windows
Multi Family
Multi Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
Income & Expenses
  • Operating Expense Includes: Trash, Water/Sewer
Unit Information
Unit 1
  • Actual Rent: $.00
  • Baths Total: 1
  • Beds Total: 2
  • Description: Oven/ Range,Refrigerator,Eat-In Kitchen,Formal Dining Room,Laundry-In Unit,Living Room
  • Total Rent: $.00
Unit 2
  • Actual Rent: $.00
  • Baths Total: 1
  • Beds Total: 2
  • Description: Dryer,Oven/ Range,Refrigerator,Washer,Formal Dining Room,Laundry-In Unit,Living Room,Porch
  • Total Rent: $.00

Property History for 509 West Thomas Street

DateEvent & SourcePriceAppreciation
Aug 6, 2026

Price Change

New York State Alliance of MLSs (Buffalo) #S1699518

$134,900
Aug 6, 2026

Price Change

WNYREIS #S1699518

$134,900
Aug 6, 2026

Price Change

Central New York Information Services #S1699518

$134,900
DateEvent & SourcePrice
08/06/2026

Price Change

New York State Alliance of MLSs (Buffalo) #S1699518

$134,900
08/06/2026

Price Change

WNYREIS #S1699518

$134,900
08/06/2026

Price Change

Central New York Information Services #S1699518

$134,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 509 West Thomas Street

Taxable ValueLand$5,400Additions$27,000Total$32,400
Home Facts
Baths2Total Finished SqFt2,580 SqFtAbove Grade Finished SqFt2,580 SqFtStories2Lot Size5,227 SqFtStyleDuplexYear Built1800Year Renovated1800ZoningC-1CountyONEIDAAPN301301 242.025-1-75

Schools near 509 West Thomas Street

This home is within Rome City School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
George R Staley Upper Elementary School
PublicK to 6

Louis V Denti Elementary School
PublicK to 6

Lyndon H Strough Middle School
Public7 to 8

Rome Free Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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509 West Thomas Street is a multi-family home for sale in Rome, NY 13440. This property was listed for sale on July 17, 2026 by Coldwell Banker Faith Properties R, it's currently listed at $134,900. It has been on the market for a total of 21 days and was last sold on August 6, 2025. This listing's school district is Rome City School District. Nearby schools include George R Staley Upper Elementary School, Louis V Denti Elementary School and Lyndon H Strough Middle School. 509 West Thomas Street is a 4-bed, 2-bath, 2,580 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Faith Properties R

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. 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 Compass and its related brokerages shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.