1408 Main St - Apartments FOR SALE


Endicott, NY 13760
$249,000 USD
607-621-0439
1408 Main St, Endicott, NY for Sale
$249,000 USD
Apartments - FOR SALE
1/11
null | 13.05% Cap Rate

1408 Main St
Endicott, NY 13760


HIGHLIGHTS

  • Six-unit multifamily property with diverse one-, two-, and three-bedroom configuration.
  • Direct frontage along East Main Street near Dunkin’, offering strong exposure and connectivity to Route 26.
  • Electric utilities individually metered; baseboard heating and dedicated hot water heaters in each unit.
  • Simplified operating structure with tenants covering electrical costs.
  • In-place rental income with opportunity to reduce operating expenses and drive returns.
  • Located in a corridor supported by established retail, transit accessibility, and local amenities.

OVERVIEW

Offered for sale is a 10-unit multifamily asset located along East Main Street in Endicott, New York, a well-traveled corridor with consistent demand and convenient access to surrounding amenities. Positioned directly adjacent to a Dunkin' location and within close proximity to Route 26 and public transportation routes, the property benefits from strong tenant accessibility and day-to-day convenience. The property consists of 2 residential buildings, with 6 apartments in the front building and 4 apartments in the rear building. The unit mix includes 1-, 2-, and 3-bedroom apartments, providing broad tenant appeal and leasing flexibility. Each unit is separately metered for electric and features electric baseboard heating along with individual hot water heaters, creating a streamlined utility structure. Tenants are responsible for their own electric usage, while the landlord currently covers gas, water, sewer, and garbage. An additional value-add opportunity exists through the potential acquisition of the neighboring lot at 1406 E Main Street, which is under separate ownership and may be available for purchase to provide additional parking. With in-place income and a manageable operating profile, the property presents a straightforward investment opportunity. The combination of location, unit mix, utility configuration, and potential for expanded parking supports stable occupancy while offering opportunities to further optimize operations and improve overall returns.

FOR SALE DETAILS

PRICE

$249,000 USD

PRICE/SF

$30 USD /SF

# OF UNITS

6

PRICE/UNIT

$41,500

CAP RATE

13.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

GC

APN/PARCEL ID

034601-157-011-0001-027-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.