Four-Unit Residential
New
For Sale
$190,000
163 Ackley Avenue, Johnson City, NY 13790
Interior updates include renovated apartments, new gas lines throughout, and replacement of sections of the steam piping.
Property Size1,826 SF
Price / SF$104.05
Days on Market6
Property Features for 163 Ackley Avenue
General Information
Standard status
Active
Size
1,826 SF
Property subtype
Residential Income
Zoning
Multi, Multi
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,147
Amenities
Landscaping
Patio
Building Details
Building Size
1,826 SF
Year Built
1930
Units
4
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
Listed By:
Brianna J Kearse
(607) 727-4774
Source:
Gehlcorealty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 23 at 5:14PM
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 KELLER WILLIAMS REALTY GREATER BINGHAMTON
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Investment Insights
Based on property information with market context.
This four-unit residential property includes a basement apartment, two upper-level apartments, and a separate rear apartment described as a tiny house. The basement unit has fresh paint, new flooring and appliances, and a remodeled bathroom. The first-floor apartment was taken down to the interior and rebuilt with new floor coverings, paint, kitchen water lines, an appliance, and an updated bathroom. The second-floor unit has not received similar renovations. The rear apartment has fresh paint, a new refrigerator and toilet, and an instant water heater.
Building-wide work includes replacement gas lines and extensive steam-pipe updates. The property dates to 1930 and is zoned Multi.
Building-wide work includes replacement gas lines and extensive steam-pipe updates. The property dates to 1930 and is zoned Multi.
Key Highlights
- Four residential units, including a basement apartment and a separate rear apartment
- Basement unit features new flooring, appliances, fresh paint, and a remodeled bathroom
- First‑floor apartment renovated with updated finishes, kitchen water lines, and bathroom plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,316
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,320
$326.3K
Cap Rate 7%
$233,086
$233.1K
Cap Rate 9%
$181,289
$181.3K
Market Conditions
NOI Build-Up for 1,826 SF
Gross rent
$25.2K $13.80/SF
− Vacancy
−$1.9K −$1.04/SF
EGI
$23.3K $12.77/SF
− OpEx
−$7.0K −$3.83/SF
NOI
$16.3K $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%
$326,320
Cap Rate 7%
$233,086
Cap Rate 9%
$181,289
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $271.9K
NOI $16,316 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$217.3K
$190.2K – $253.5K
NOI $15,212 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$453.0K
$396.4K – $528.5K
NOI $31,711 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Interior updates include renovated apartments, new gas lines throughout, and replacement of sections of the steam piping.
Where is this quadplex located?
The property is located at 163 Ackley Avenue Johnson City, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Four residential units, including a basement apartment and a separate rear apartment; Basement unit features new flooring, appliances, fresh paint, and a remodeled bathroom; First‑floor apartment renovated with updated finishes, kitchen water lines, and bathroom plumbing
