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101 Hooper Rd 20 Unit Apartment Building $2,500,000 ($125,000/Unit) 7.59% Cap Rate Endicott, NY 13760
Investment Highlights
- 20-unit townhouse-style multifamily property
- 18 of 20 units recently renovated
- Separate furnaces and water heaters for each unit
- Unit mix includes 9 three-bedroom and 11 two-bedroom units
- 16 private drive-in garages plus additional storage space
Executive Summary
Property Description
Offered for sale is a 20-unit townhouse-style multifamily property located in the highly desirable Endwell market. The property features a strong unit mix of 9 three-bedroom units and 11 two-bedroom units, providing larger layouts that are increasingly difficult to find within the local rental inventory.
Over the past year, ownership has completed significant interior renovations, with 18 of the 20 units receiving updated flooring, renovated kitchens, and modernized bathrooms. Each unit is separately equipped with its own furnace and water heater, supporting operational efficiency and tenant convenience. The property also includes 16 private drive-in garages, with additional basement storage available for select units.
With renovated interiors, townhouse-style layouts, garage parking, and remaining upside through future rent growth, 101 Hooper Road offers a compelling value-add multifamily investment opportunity in one of Broome County’s strongest residential submarkets.
Location Description
Located directly on Hooper Road in Endwell, the property benefits from strong visibility and convenient access to shopping, restaurants, healthcare services, and major employers throughout the Greater Binghamton market. The property is situated within the Maine-Endwell Central School District and offers quick connectivity to Route 17/I-86, Interstate 81, and the Vestal Parkway corridor.
The surrounding area continues to support strong rental demand driven by established residential neighborhoods, regional employment centers, and limited supply of updated multifamily housing.
Offered for sale is a 20-unit townhouse-style multifamily property located in the highly desirable Endwell market. The property features a strong unit mix of 9 three-bedroom units and 11 two-bedroom units, providing larger layouts that are increasingly difficult to find within the local rental inventory.
Over the past year, ownership has completed significant interior renovations, with 18 of the 20 units receiving updated flooring, renovated kitchens, and modernized bathrooms. Each unit is separately equipped with its own furnace and water heater, supporting operational efficiency and tenant convenience. The property also includes 16 private drive-in garages, with additional basement storage available for select units.
With renovated interiors, townhouse-style layouts, garage parking, and remaining upside through future rent growth, 101 Hooper Road offers a compelling value-add multifamily investment opportunity in one of Broome County’s strongest residential submarkets.
Location Description
Located directly on Hooper Road in Endwell, the property benefits from strong visibility and convenient access to shopping, restaurants, healthcare services, and major employers throughout the Greater Binghamton market. The property is situated within the Maine-Endwell Central School District and offers quick connectivity to Route 17/I-86, Interstate 81, and the Vestal Parkway corridor.
The surrounding area continues to support strong rental demand driven by established residential neighborhoods, regional employment centers, and limited supply of updated multifamily housing.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.73 AC |
| Sale Type | Investment | Building Size | 26,042 SF |
| Cap Rate | 7.59% | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.61/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SM-F - Suburban Multi-Family Residential | ||
| Price | $2,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 26,042 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | SM-F - Suburban Multi-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | - | 1,500 - 2,000 |
| 3+2 | 9 | - | - |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 034689-142-017-0001-040-000-0000 | Improvements Assessment | $32,400 |
| Land Assessment | $2,600 | Total Assessment | $35,000 |
Property Taxes
Parcel Number
034689-142-017-0001-040-000-0000
Land Assessment
$2,600
Improvements Assessment
$32,400
Total Assessment
$35,000
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