Two-Unit Brick
New
For Sale
$295,000
42 Miriam Street, Johnson City, NY 13790
Separate entrances and utility services serve the occupied first-floor unit and vacant second-floor unit.
Property Size2,386 SF
Price / SF$123.64
Days on Market7
Property Features for 42 Miriam Street
General Information
Standard status
Active
Size
2,386 SF
Property subtype
Residential Income
Zoning
R, R
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,924
Building Details
Building Size
2,386 SF
Year Built
1951
Construction
brick
Listing Agency:
EXIT REALTY HOMEWARD BOUND
Listed By:
Muhammad M Islam · License #10401357730
(646) 705-5583
Source:
Gehlcorealty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 23 at 3:41PM
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 2,386-square-foot brick duplex was built in 1951 and contains two units, each with its own entrance and utilities. The first-floor unit is occupied, while the second-floor unit is vacant. The property is zoned R, R.
Located on Miriam Street in Johnson City, the property is near Oakdale Mall, Walmart, BU Pharmacy School, and Wilson Hospital.
Located on Miriam Street in Johnson City, the property is near Oakdale Mall, Walmart, BU Pharmacy School, and Wilson Hospital.
Key Highlights
- Two‑unit brick residence built in 1951
- 2,386 square feet
- Separate utility services and entrances for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,320
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,400
$426.4K
Cap Rate 7%
$304,571
$304.6K
Cap Rate 9%
$236,889
$236.9K
Market Conditions
NOI Build-Up for 2,386 SF
Gross rent
$32.9K $13.80/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$30.5K $12.77/SF
− OpEx
−$9.1K −$3.83/SF
NOI
$21.3K $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%
$426,400
Cap Rate 7%
$304,571
Cap Rate 9%
$236,889
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.5K – $355.3K
NOI $21,320 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.3K
NOI $19,877 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$591.9K
$518.0K – $690.6K
NOI $41,436 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
203
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and utility services serve the occupied first-floor unit and vacant second-floor unit.
Where is this duplex located?
The property is located at 42 Miriam Street Johnson City, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit brick residence built in 1951; 2,386 square feet; Separate utility services and entrances for both units
