Johnson City Multifamily Investment
For Sale
$199,900
199 Endwell St, Johnson City, NY 13790
Four-unit property with value-add potential in Johnson City.
Property Size1,536 SF
Price / SF$130.14
Days on Market268
Property Features for 199 Endwell St
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multifamily
Building Details
Building Size
1,536 SF
Year Built
1980
Listing Agency:
(607) 725-2246
Listed By:
Lisberto Calvo
(607) 725-2246
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 16 at 4:44AM
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 Lisberto Calvo
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Johnson City presents a value-add opportunity. The property consists of four two-bedroom apartments. Rents are currently below market value, offering potential for increased income. Each unit has separate utilities. The property includes a side lot and provides a quiet setting for tenants. The roof is approximately five years old. The property is located in a quiet residential area of Johnson City, near Oakdale Commons, which offers shopping and dining. UHS Wilson Medical Center is also nearby, and public transportation is available. Major routes like Route 17 and I-86 are a short drive away, providing convenient access to Binghamton and other areas in the Southern Tier. The neighborhood features walkable streets, parks, and local employers.
Key Highlights
- Significant income upside due to below‑market rents.
- Separate utilities for each unit, simplifying management and expense tracking.
- Prime location near Oakdale Commons (shopping/dining), UHS Wilson Medical Center, and major transportation routes (Route 17/I‑86).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,500
$274.5K
Cap Rate 7%
$196,071
$196.1K
Cap Rate 9%
$152,500
$152.5K
Market Conditions
NOI Build-Up for 1,536 SF
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.
Gross rent
$21.2K $13.80/SF
− Vacancy
−$1.6K −$1.04/SF
EGI
$19.6K $12.77/SF
− OpEx
−$5.9K −$3.83/SF
NOI
$13.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,500
Cap Rate 7%
$196,071
Cap Rate 9%
$152,500
Alternative Uses
Best Use
Multifamily LT 5
$196.1K
$171.6K – $228.8K
NOI $13,725 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$182.8K
$160.0K – $213.3K
NOI $12,796 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$381.1K
$333.4K – $444.6K
NOI $26,675 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
438
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 property with value-add potential in Johnson City.
Where is this quadplex located?
The property is located at 199 Endwell St Johnson City, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Significant income upside due to below‑market rents.; Separate utilities for each unit, simplifying management and expense tracking.; Prime location near Oakdale Commons (shopping/dining), UHS Wilson Medical Center, and major transportation routes (Route 17/I‑86).
