Quadplex With Renovated
For Sale
$190,000
163 Ackley Avenue, Johnson City, NY 13790
MULTI_FAMILY - JOHNSON CITY, NY
Property Size1,826 SF
Lot Size0.19 Acres
Price / SF$104.05
Days on Market54
Property Features for 163 Ackley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bathroom 3
Parking features
Carport
Patio and Porch features
Patio
Exterior features
CABLE AVAILABLE, OPEN PATIO, SHRUBS/FLOWERS
Lot features
G E N E R A L L Y L E V E L
Elementary school
Johnson City Elementary
Elementary school district
Johnson City
Middle school district
Johnson City
High school district
Johnson City
Directions
Floral to Ackley
Subdivision
Area 04
Standard status
Active
APN
034603-159-032-0003-029-000-0000
Size
1,826 SF
Lot size
0.19 Acres
Utilities
Heating system
Other (Heating), Steam
Water source
Public
Building Details
Year built
1930
Number of units
4
Flooring type
Hardwood
Building materials
Clapboard
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Brianna J Kearse
(607) 727-4774
Added: Jun 9
Changed: Jul 31
Last Checked: Aug 1 at 10:06AM
MLS# 336382
Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex is a four-unit residential income property built in 1930 with hardwood flooring and steam heating. The building has three vacancies, including a vacant basement apartment that was recently painted with new flooring, new appliances, and a renovated bathroom with a new toilet.
The vacant first-floor unit was completely gutted and renovated, with new flooring and carpeting, new paint, new water lines in the kitchen, updated appliances, and a renovated bathroom with a new shower and toilet and updated plumbing. The occupied second-floor unit has not been updated yet, and there is a vacant separate “tiny house” back apartment that was recently painted with a new fridge and toilet and a modern instant water heater. Property-wide improvements include new gas lines throughout the entire building and extensive steam pipe replacements.
Outdoor and utilities details include public water service, an open patio, shrubs/flowers, cable available, and carport parking. The property sits on a 0.19-acre lot.
The vacant first-floor unit was completely gutted and renovated, with new flooring and carpeting, new paint, new water lines in the kitchen, updated appliances, and a renovated bathroom with a new shower and toilet and updated plumbing. The occupied second-floor unit has not been updated yet, and there is a vacant separate “tiny house” back apartment that was recently painted with a new fridge and toilet and a modern instant water heater. Property-wide improvements include new gas lines throughout the entire building and extensive steam pipe replacements.
Outdoor and utilities details include public water service, an open patio, shrubs/flowers, cable available, and carport parking. The property sits on a 0.19-acre lot.
Key Highlights
- Three vacancies across the quadplex with a vacant basement apartment and vacant first‑floor and back “tiny house” units
- Property‑wide upgrades include new gas lines throughout and extensive steam pipe replacements
- Vacant basement apartment: recently painted with new flooring, new appliances, and renovated bathroom with new toilet
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $13.80 |
| − Vacancy | −$1.9k | −$1.04 |
| EGI | $23.3k | $12.77 |
| − OpEx | −$7.0k | −$3.83 |
| NOI | $16.3k | $8.94 |
1,826 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
25%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with three vacancies, steam heat, and multiple recent updates including flooring, appliances, and bathroom renovations.
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: Three vacancies across the quadplex with a vacant basement apartment and vacant first‑floor and back “tiny house” units; Property‑wide upgrades include new gas lines throughout and extensive steam pipe replacements; Vacant basement apartment: recently painted with new flooring, new appliances, and renovated bathroom with new toilet
