Duplex with Detached
New
For Sale
$199,000
408 E Wendell St, Endicott, NY 13760
Both units are occupied, and the second-floor residence has its own rear deck.
Property Size1,866 SF
Price / SF$106.65
Days on Market6
Property Features for 408 E Wendell St
General Information
Standard status
Active
Size
1,866 SF
Property subtype
Residential Income
Zoning
Urban Two Family, Urban Two Family
Occupancy
100%
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,852
Amenities
detached garage
rear deck
Building Details
Building Size
1,866 SF
Year Built
1942
Units
2
Listing Agency:
EXIT REALTY HOMEWARD BOUND
Listed By:
MD Junaed
(607) 729-5500
Source:
Gehlcorealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 3:34PM
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 1,866-square-foot duplex was built in 1942 and sits on nearly half an acre. The property includes a detached garage and a rear deck serving the upper unit. Municipal electric is available, and the zoning is Urban Two Family.
Both units are currently rented. The two-unit configuration and outdoor features are part of the existing property.
Both units are currently rented. The two-unit configuration and outdoor features are part of the existing property.
Key Highlights
- 1,866‑square‑foot duplex built in 1942
- Nearly half an acre of land
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,674
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,480
$333.5K
Cap Rate 7%
$238,200
$238.2K
Cap Rate 9%
$185,267
$185.3K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$25.8K $13.80/SF
− Vacancy
−$1.9K −$1.04/SF
EGI
$23.8K $12.77/SF
− OpEx
−$7.1K −$3.83/SF
NOI
$16.7K $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 Rate 5%
$333,480
Cap Rate 7%
$238,200
Cap Rate 9%
$185,267
Alternative Uses
Best Use
Multifamily LT 5
$238.2K
$208.4K – $277.9K
NOI $16,674 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$222.1K
$194.3K – $259.1K
NOI $15,545 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
843
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, and the second-floor residence has its own rear deck.
Where is this duplex located?
The property is located at 408 E Wendell St Endicott, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,866‑square‑foot duplex built in 1942; Nearly half an acre of land; Both units are currently rented
