Two-Family Duplex with
15-17 Massachusetts Avenue, Johnson City, NY 13790
For Sale
$209,000
Separate utilities serve the apartments, with a detached garage adding storage or rental-use flexibility.
Property Size2,016 SF
Price / SF$103.67
Days on Market71
Property Features for 15-17 Massachusetts Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Porch
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
eXp REALTY
(888) 276-0630
Listed By:
Erin Cosgriff
(607) 240-6457
Source:
Lindakentrealestate
Added: Sep 3
Changed: Nov 7
Last Checked: Nov 12 at 12:44PM
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 eXp REALTY
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Investment Insights
Based on property information with market context.
This 1930 duplex contains two apartments across 2,016 square feet. The first-floor unit has been remodeled, while the second-floor apartment is described as well maintained. Separate utilities serve the units, and a detached two-car garage provides additional storage space or potential rental income.
The property is at 15-17 Massachusetts Avenue in Johnson City, near Binghamton University's Decker College of Nursing, Wilson Medical Center, shopping, and dining. Zoning is listed as R2.
The property is at 15-17 Massachusetts Avenue in Johnson City, near Binghamton University's Decker College of Nursing, Wilson Medical Center, shopping, and dining. Zoning is listed as R2.
Key Highlights
- Two apartments in a 2,016‑square‑foot duplex
- First‑floor apartment remodeled; second‑floor unit maintained
- Separate utilities for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,014
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,280
$360.3K
Cap Rate 7%
$257,343
$257.3K
Cap Rate 9%
$200,156
$200.2K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$27.8K $13.80/SF
− Vacancy
−$2.1K −$1.04/SF
EGI
$25.7K $12.77/SF
− OpEx
−$7.7K −$3.83/SF
NOI
$18.0K $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 Rate 5%
$360,280
Cap Rate 7%
$257,343
Cap Rate 9%
$200,156
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.2K – $300.2K
NOI $18,014 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$239.9K
$209.9K – $279.9K
NOI $16,795 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$500.2K
$437.6K – $583.5K
NOI $35,011 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 13790, NY
18,478
Population
9,585
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
679
Density / Sq Mi
$54,764
Median Household Income
$37,360
Median Earnings
$985
Median Rent
$117,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Broome County, NY
Properties on Market for Duplexes in Broome County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve the apartments, with a detached garage adding storage or rental-use flexibility.
Where is this duplex located?
The property is located at 15-17 Massachusetts Avenue Johnson City, NY.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two apartments in a 2,016‑square‑foot duplex; First‑floor apartment remodeled; second‑floor unit maintained; Separate utilities for the apartments
