Owego Multifamily Investment
For Sale
$184,000
70 Adaline St, Owego, NY 13827
Well-maintained 5-unit property with strong rental history and cash flow.
Property Size4,320 SF
Price / SF$42.59
Days on Market272
Property Features for 70 Adaline St
General Information
Standard status
Active
Size
4,320 SF
Class
C
Property subtype
Multifamily
Building Details
Building Size
4,320 SF
Year Built
1954
Listing Agency:
SVN Innovative Commercial Advisors
(607) 621-0439
Listed By:
Scott Warren, CCIM, CIREC · License #NY #10491212432
(607) 621-0439
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 7
Last Checked: Aug 20 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Innovative Commercial Advisors
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 13827, NY
11,381
Population
5,108
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
90.7 sq mi
ZIP Area
125
Density / Sq Mi
$70,796
Median Household Income
$43,017
Median Earnings
$901
Median Rent
$142,600
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?
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 $184,000.
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.
