10-Unit Apartment
For Sale
$849,000
15-17 Coventry Road, Endicott, NY 13760
The two-building property combines individual electric meters with on-site laundry and garage space.
Property Size7,488 SF
Price / SF$113.38
Days on Market514
Property Features for 15-17 Coventry Road
General Information
Standard status
Active
Size
7,488 SF
Property subtype
Commercial
Zoning
commercial apartments, commercial apartm
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x 2BR
Multifamily Units
10
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$21,956
Amenities
coin-operated laundry area
electric wall units for A/C
Building Details
Building Size
7,488 SF
Year Built
1965
Buildings
2
Stories
3
Listing Agency:
REALTY SOLUTIONS GROUP
(607) 687-1111
Listed By:
Shannon E. Yesalusky
(607) 744-1765
Source:
Lindakentrealestate
Added: Jun 11, 2025
Changed: Nov 3
Last Checked: Nov 6 at 3:42AM
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 REALTY SOLUTIONS GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,488-square-foot apartment property at 15-17 Coventry Road comprises two buildings with five two-bedroom apartments apiece. Both buildings date to 1965 and have coin-operated laundry areas and two garage bays. A rear parking lot serves the residents, and each apartment has its own electric meter. Nine of the ten units have electric wall air-conditioning units.
The buildings have asphalt roofs; one was replaced 2 years ago and the other less than 1 year ago. Exterior finishes include brick on the Coventry-facing fronts and aluminum siding on the sides and rear. Interior flooring includes carpet, tile in most bathrooms, and vinyl in the kitchens.
The buildings have asphalt roofs; one was replaced 2 years ago and the other less than 1 year ago. Exterior finishes include brick on the Coventry-facing fronts and aluminum siding on the sides and rear. Interior flooring includes carpet, tile in most bathrooms, and vinyl in the kitchens.
Key Highlights
- Two buildings contain 10 two‑bedroom apartments total, with five units in each
- 7,488 square feet; built in 1965
- Coin‑operated laundry area and two garage bays in each building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,381
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,620
$1.2M
Cap Rate 7%
$891,157
$891.2K
Cap Rate 9%
$693,122
$693.1K
Market Conditions
NOI Build-Up for 7,488 SF
Gross rent
$121.3K $16.20/SF
− Vacancy
−$7.9K −$1.05/SF
EGI
$113.4K $15.15/SF
− OpEx
−$51.0K −$6.82/SF
NOI
$62.4K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,620
Cap Rate 7%
$891,157
Cap Rate 9%
$693,122
Alternative Uses
Best Use
Apartment 5plus
$891.2K
$779.8K – $1.04M
NOI $62,381 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,040 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
69
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
$150,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Broome County, NY
Properties on Market for Apartment buildings in Broome County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-building property combines individual electric meters with on-site laundry and garage space.
Where is this apartment building located?
The property is located at 15-17 Coventry Road Endicott, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two buildings contain 10 two‑bedroom apartments total, with five units in each; 7,488 square feet; built in 1965; Coin‑operated laundry area and two garage bays in each building
