Renovated 2-Unit
217 Lester Avenue, Johnson City, NY 13790
For Sale
$269,000
Two kitchens with new appliances and updated bathrooms serve this five-bedroom residential property.
Property Size1,452 SF
Price / SF$185.26
Days on Market24
Property Features for 217 Lester Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Landscaping
Porch
Building Details
Building Size
Year Built
Units
Listing Agency:
EXIT REALTY HOMEWARD BOUND
Listed By:
Shakir Nawaz
(929) 377-4305
Source:
Gehlcorealty
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 11 at 5:36PM
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 1,452-square-foot duplex contains two units with a combined five bedrooms and two bathrooms. Renovations include new kitchens with appliances and updated bathroom finishes. The property was built in 1900 and is zoned 2 Fam Res.
Shopping, schools, parks, and Binghamton University are nearby.
Shopping, schools, parks, and Binghamton University are nearby.
Key Highlights
- Two‑unit duplex with 5 total bedrooms and 2 baths
- 1,452 square feet
- Renovated kitchens with new appliances and updated bathroom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,974
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,480
$259.5K
Cap Rate 7%
$185,343
$185.3K
Cap Rate 9%
$144,156
$144.2K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$20.0K $13.80/SF
− Vacancy
−$1.5K −$1.04/SF
EGI
$18.5K $12.77/SF
− OpEx
−$5.6K −$3.83/SF
NOI
$13.0K $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%
$259,480
Cap Rate 7%
$185,343
Cap Rate 9%
$144,156
Alternative Uses
Best Use
Multifamily LT 5
$185.3K
$162.2K – $216.2K
NOI $12,974 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$360.2K
$315.2K – $420.3K
NOI $25,216 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
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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
$117,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Broome County, NY
Properties on Market for Duplexes in Broome County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens with new appliances and updated bathrooms serve this five-bedroom residential property.
Where is this duplex located?
The property is located at 217 Lester Avenue Johnson City, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit duplex with 5 total bedrooms and 2 baths; 1,452 square feet; Renovated kitchens with new appliances and updated bathroom finishes
