Brick Side-by-Side
For Sale
$199,900
617 N Nanticoke Avenue, Endicott, NY 13760
MultiFamily, Duplex, ENDICOTT, NY
Property Size1,776 SF
Lot Size0.18 Acres
Price / SF$112.56
Days on Market38
Property Features for 617 N Nanticoke Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
220-2 family res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 4, Bedroom 2
Patio and Porch features
Porch
Exterior features
ENCLOSED PORCH
Appliances
RANGE/STOVE, REFRIGERATOR
Lot features
L E V E L T O S L O P I N G I N R E A R
Elementary school
Ann G. McGuinness
Elementary school district
Union Endicott
Middle school district
Union Endicott
High school district
Union Endicott
Directions
West Main street to Nanticoke ave. (right next door to the Elks Lodge)
Subdivision
Area 05
Standard status
Active
APN
034601-157-005-0001-006-000-0000
Size
1,776 SF
Lot size
0.18 Acres
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1960
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Erin C. Whited
(607) 727-5609
Added: Jul 23
Changed: Aug 19
Last Checked: Aug 29 at 2:06PM
MLS# 337103
Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,776-square-foot brick duplex, built in 1960, is arranged as two side-by-side residences. The property includes hardwood flooring, forced-air heat, ceiling fans, separate utilities, and enclosed rear porches for both units. Each residence is supported by a walk-out basement that provides additional storage. Appliances include ranges/stoves and refrigerators.
Set on a 0.18-acre parcel at 617 N Nanticoke Avenue in Endicott, New York, the property is zoned 220-2 family res and connected to public water. The roof is less than 10 years old. The layout includes four bedrooms, two bathrooms, and basement space.
Set on a 0.18-acre parcel at 617 N Nanticoke Avenue in Endicott, New York, the property is zoned 220-2 family res and connected to public water. The roof is less than 10 years old. The layout includes four bedrooms, two bathrooms, and basement space.
Key Highlights
- 1,776 SF brick duplex with two side‑by‑side residences
- 0.18‑acre parcel at 617 N Nanticoke Avenue, Endicott, NY 13760
- Zoned 220‑2 family res
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,380
$317.4K
Cap Rate 7%
$226,700
$226.7K
Cap Rate 9%
$176,322
$176.3K
Market Conditions
NOI Build-Up for 1,776 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.5K $13.80/SF
− Vacancy
−$1.8K −$1.04/SF
EGI
$22.7K $12.77/SF
− OpEx
−$6.8K −$3.83/SF
NOI
$15.9K $8.94/SF
Area
Broome County, NY
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,380
Cap Rate 7%
$226,700
Cap Rate 9%
$176,322
Alternative Uses
Best Use
Multifamily LT 5
$226.7K
$198.4K – $264.5K
NOI $15,869 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.6K
NOI $14,796 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$440.6K
$385.5K – $514.1K
NOI $30,843 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 13760, NY
44,153
Population
20,988
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
49.3 sq mi
ZIP Area
896
Density / Sq Mi
$63,242
Median Household Income
$41,939
Median Earnings
$883
Median Rent
$150,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer individual utilities, hardwood flooring, and enclosed rear porches.
Where is this duplex located?
The property is located at 617 N Nanticoke Avenue Endicott, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,776 SF brick duplex with two side‑by‑side residences; 0.18‑acre parcel at 617 N Nanticoke Avenue, Endicott, NY 13760; Zoned 220‑2 family res
