Four-Unit Residential Income
163 Ackley Avenue, Johnson City, NY 13790
New
MULTI_FAMILY - JOHNSON CITY, NY
Property size:
1,826 SFLot size:
0.19 AcresPrice / SF:
$112/SF- Added:
- Jun 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 12 at 9:06 pm
Property Features for 163 Ackley Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Basement, Bedroom 1, Bathroom 1, Bathroom 4
- Parking features
- Carport
- Patio and Porch features
- Patio
- Exterior features
- CABLE AVAILABLE, OPEN PATIO, SHRUBS/FLOWERS
- 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 agent Brianna J Kearse (607) 727-4774
Listing office KELLER WILLIAMS REALTY GREATER BINGHAMTON 49 Court Street Suite 300B Suite 300B, Binghamton, NY (607) 722-0722
Listing date Jun 9, 2026
MLS# 336382
Listing URL
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.
HighLights
- Four‑unit property built in 1930 with a vacant basement apartment, a vacant first‑floor unit, an occupied second‑floor unit, and a separate vacant tiny house back apartment
- Basement apartment updates include recently painted interior, new flooring, new appliances, and a completely renovated bathroom with new toilet
- Vacant first‑floor unit was gutted and renovated with new flooring and carpeting, new paint, new kitchen water lines, new appliances, and renovated bathroom with new shower and toilet plus updated plumbing
- Tiny house back apartment has been recently painted with a new fridge, toilet, and a modern instant water heater
- Property‑wide improvements include new gas lines throughout the building and extensive steam pipe replacements
- Hardwood floors, steam heating, public water, and carport parking with an open patio
Overview
This four-unit residential income property includes a mix of vacant and occupied units, along with a separate “tiny house” back apartment. The vacant basement apartment has been recently painted and updated with new flooring, new appliances, and a completely renovated bathroom with a new toilet. The vacant first-floor unit has been fully gutted and renovated, with new flooring and carpeting, new paint, new water lines in the kitchen, new appliances, and a renovated bathroom featuring a new shower and toilet, along with updated plumbing. The occupied second-floor unit has not been updated yet. The vacant back apartment has also been recently painted and is improved with a new fridge and toilet and a modern instant water heater.
Property-wide improvements include new gas lines throughout the building and extensive steam pipe replacements.
For buyers seeking a multi-unit residential asset, this configuration provides immediate leasing opportunities across several units while also offering room to address the remaining second-floor unit condition through updates aligned with tenant-ready goals.
Property-wide improvements include new gas lines throughout the building and extensive steam pipe replacements.
For buyers seeking a multi-unit residential asset, this configuration provides immediate leasing opportunities across several units while also offering room to address the remaining second-floor unit condition through updates aligned with tenant-ready goals.
Local 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 7.96%
Second Best
Apartment 5plus
$217.3K
$190.2K – $253.5K
NOI $15,212 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$453.0K
$396.4K – $528.5K
NOI $31,711 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Broome
- State
- New York
- Longitude
- -75.957982
- Latitude
- 42.103212
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with multiple vacancies and several unit renovations, supporting flexible tenant occupancy plans.
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 $205,000.
What are key features of this property?
This property features: Four‑unit property built in 1930 with a vacant basement apartment, a vacant first‑floor unit, an occupied second‑floor unit, and a separate vacant tiny house back apartment; Basement apartment updates include recently painted interior, new flooring, new appliances, and a completely renovated bathroom with new toilet; Vacant first‑floor unit was gutted and renovated with new flooring and carpeting, new paint, new kitchen water lines, new appliances, and renovated bathroom with new shower and toilet plus updated plumbing
