57-59 Albert St - Apartments FOR SALE


Johnson City, NY 13790
$287,000 USD
607-621-0439
57-59 Albert St, Johnson City, NY for Sale
$287,000 USD
Apartments - FOR SALE
1/6
null | 10.07% Cap Rate

57-59 Albert St
Johnson City, NY 13790


HIGHLIGHTS

  • Diverse Income Opportunity – Includes a renovated 3-unit multifamily building and a separate single-family home on one parcel.
  • Prime Location – Walking distance to UHS Wilson Medical Center and BU’s Health Sciences Campus.
  • Updated Units – All units renovated within the past five years, with separate utilities and on-site laundry.
  • Strong Rental Demand – Ideal for long-term tenants, student housing, or traveling healthcare professionals.

OVERVIEW

This unique investment opportunity features two adjacent buildings on a single tax parcel, strategically located in the heart of Johnson City's rapidly developing corridor. 57 Albert Street is a standalone single-family home, offering a private and manageable living space ideal for owner-occupancy or individual rental. Its proximity to major institutions makes it attractive to students, healthcare professionals, or short-term tenants.? 59 Albert Street comprises a three-unit multifamily building, providing steady rental income across multiple units. All units have been renovated within the past five years, ensuring modern amenities and reduced maintenance costs. Additional features include separate utilities for each unit and on-site coin-operated laundry facilities. The combined offering of a single-family home and a multifamily building on one parcel provides versatility for various investment strategies, whether you're looking to occupy one unit while renting the others or fully lease all units for maximum income generation.

FOR SALE DETAILS

PRICE

$287,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

4

PRICE/UNIT

$71,750

CAP RATE

10.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

NC

APN/PARCEL ID

034603-143-064-0001-035-000-0000

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 Policy.