4-Unit
For Sale
$270,000
Pending
204 Prospect Street, Endicott, NY 13760
Separate utility service for each apartment supports independent household billing.
Property Size2,360 SF
Days on Market13
Property Features for 204 Prospect Street
General Information
Standard status
Pending
Size
2,360 SF
Property subtype
Residential Income
Zoning
UTF, UTF
Property Condition
Severity
Repairs Needed
Evidence
opportunity for cosmetic improvements
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,800
Amenities
Porch
Building Details
Building Size
2,360 SF
Year Built
1900
Units
4
Listing Agency:
EXIT REALTY HOMEWARD BOUND
Listed By:
Christopher Lake · License #10401314389
(607) 237-5780
Source:
Gehlcorealty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 29 at 10:17PM
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 EXIT REALTY HOMEWARD BOUND
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Investment Insights
Based on property information with market context.
This 2,360-square-foot quadplex at 204 Prospect Street contains four apartments: three with two bedrooms and one with a single bedroom. Built in 1900, the property has separate utilities for each unit and municipal electric service. Some improvements have been completed, while other areas could benefit from cosmetic work.
The building is in Endicott, near downtown, shopping, and major employers. Zoning is listed as UTF.
The building is in Endicott, near downtown, shopping, and major employers. Zoning is listed as UTF.
Key Highlights
- Four apartments: three 2‑bedroom units and one 1‑bedroom unit
- 2,360 square feet across the building
- Separate utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,088
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,760
$421.8K
Cap Rate 7%
$301,257
$301.3K
Cap Rate 9%
$234,311
$234.3K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$32.6K $13.80/SF
− Vacancy
−$2.4K −$1.04/SF
EGI
$30.1K $12.77/SF
− OpEx
−$9.0K −$3.83/SF
NOI
$21.1K $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%
$421,760
Cap Rate 7%
$301,257
Cap Rate 9%
$234,311
Alternative Uses
Best Use
Multifamily LT 5
$301.3K
$263.6K – $351.5K
NOI $21,088 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,661 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$585.5K
$512.3K – $683.1K
NOI $40,985 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 13760, NY
44,153
Population
20,988
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
49.3 sq mi
ZIP Area
896
Density / Sq Mi
$63,242
Median Household Income
$41,939
Median Earnings
$883
Median Rent
$150,700
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 - Separate utility service for each apartment supports independent household billing.
Where is this quadplex located?
The property is located at 204 Prospect Street Endicott, NY.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Four apartments: three 2‑bedroom units and one 1‑bedroom unit; 2,360 square feet across the building; Separate utilities for each apartment
