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    70 Adaline St Owego, NY 13827

    For Sale
    $199,000

    Well-maintained 5-unit property with strong rental history and cash flow.

    Property size:
    4,320 SF

    Property Features for 70 Adaline St

    General Information

    Size
    4,320 SF

    Building Details

    Year built
    1954

    Source: Scott Warren, CCIM Agent Scott Warren, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Owego Multifamily Investment Opportunity

    Located in the heart of Owego, this well-maintained 5-unit multifamily property presents an investor opportunity. The property features spacious layouts and separate gas and electric meters. Four of the five units are equipped with central air conditioning. Situated on a large, level lot, the property also includes a sizable barn offering additional storage or potential for value-add use. The property is priced to sell at a cap rate above 12%. The property is centrally located in the Village of Owego, offering easy access to local shops, restaurants, and essential services. It is just minutes from Route 17/I-86, providing convenient connectivity to Binghamton, the Southern Tier, and surrounding employment hubs. Nearby schools, parks, and the Susquehanna River waterfront enhance tenant appeal, while the quiet residential setting supports stable occupancy. The property size is 4320 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owego
    County
    Tioga
    State
    New York
    Longitude
    -76.2720127
    Latitude
    42.1099235

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit property with strong rental history and cash flow.
    Where is this apartment building located?
    The property is located at 70 Adaline St Owego, NY.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - High Cap Rate: Projected cap rate above 12% indicates strong cash flow.; - Multifamily Property: Well-maintained 5-unit building with a strong rental history.; - Value-Add Potential: Includes a sizable barn for additional storage or potential development.
    (607) 621-0439
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    70 Adaline St Owego, NY 13827
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