Duplex with Detached
New
For Sale
$165,000
215 Oak Hill Avenue, Endicott, NY 13760
MultiFamily, Two Family, ENDICOTT, NY
Property Size1,730 SF
Lot Size0.14 Acres
Price / SF$95.38
Days on Market2
Property Features for 215 Oak Hill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
220
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Basement
Parking features
Garage
Patio and Porch features
Porch
Exterior features
COVERED PORCH
Appliances
OVEN, RANGE/STOVE, REFRIGERATOR
Subdivision
Town/Union
Lot features
L E V E L T O S L O P I N G I N R E A R
Elementary school
George F. Johnson
Elementary school district
Union Endicott
Middle school district
Union Endicott
High school district
Union Endicott
Directions
Pine street to oak hill ave. Between Rossi's and Joeys.
Standard status
Active
Size
1,730 SF
Lot size
0.14 Acres
Utilities
Heating system
Other (Heating), Steam
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Laminate
Building materials
Aluminum
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Erin C. Whited
(607) 727-5609
Added: Sep 22
Last Checked: Sep 23 at 11:06PM
MLS# 338094
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.
Built in 1920, this two-unit property contains 1,730 square feet on a 0.1433-acre lot. Both apartments are currently rented, including one occupied by a long-term tenant. Recent work includes fresh interior and exterior paint and new flooring on the first floor. The property also includes a detached one-car garage, covered porch, basement, laminate flooring, steam heat, ceiling fans, and public water service. Appliances include an oven, range/stove, and refrigerator.
Located on Oak Hill Avenue in Endicott, the property is on the bus line and close to Washington Ave. It is identified with zoning designation 220 and includes a residential duplex configuration suitable for continued rental use or owner occupancy.
Located on Oak Hill Avenue in Endicott, the property is on the bus line and close to Washington Ave. It is identified with zoning designation 220 and includes a residential duplex configuration suitable for continued rental use or owner occupancy.
Key Highlights
- Both units currently rented, including one long‑term tenant
- 1,730 square feet on a 0.1433‑acre lot
- Detached one‑car garage and covered porch
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
$14,412
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
8.73%
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%
$288,240
$288.2K
Cap Rate 7%
$205,886
$205.9K
Cap Rate 9%
$160,133
$160.1K
Market Conditions
NOI Build-Up for 1,730 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
$28.0K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.2K $15.15/SF
− OpEx
−$11.8K −$6.82/SF
NOI
$14.4K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$288,240
Cap Rate 7%
$205,886
Cap Rate 9%
$160,133
Alternative Uses
Best Use
Multifamily LT 5
$220.8K
$193.2K – $257.6K
NOI $15,458 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$205.9K
$180.2K – $240.2K
NOI $14,412 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$429.2K
$375.6K – $500.7K
NOI $30,044 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
387
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are rented and feature fresh paint, new first-floor flooring, and a covered porch.
Where is this duplex located?
The property is located at 215 Oak Hill Avenue Endicott, NY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Both units currently rented, including one long‑term tenant; 1,730 square feet on a 0.1433‑acre lot; Detached one‑car garage and covered porch
