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514-516 Davis Ave 514 Davis Ave 7 Unit Apartment Building $419,000 ($59,857/Unit) 11.18% Cap Rate Endicott, NY 13760
Investment Highlights
- - 4,386 SF building with 7 units
- - Zoned USF for flexible use
- - Strong potential for rental income
- - Ideal for multifamily/mid-rise investors
- - Located in a rapidly developing area, Endicott, NY.
- - New Roof in 2024
Executive Summary
Discover an exceptional 7-unit complex located in the heart of Endicott, NY. Perfectly positioned to take advantage of the area's rapid growth, this multi-family property sits directly across from Ideal Nursing Home.
Residents will enjoy stunning views of the Susquehanna River and the surrounding valley. The central location offers convenient access to major employers such as the new IM3 Gigafactory, BAE Systems, and the Huron Campus, all just minutes away.
The complex includes four 1-bedroom units, one 3-bedroom unit, and two studios, providing a variety of living options to suit diverse needs. Additionally, a new roof was installed on the front house in 2024, ensuring long-term value and reduced maintenance for future owners.
Experience a blend of scenic beauty and modern convenience at this property.
Residents will enjoy stunning views of the Susquehanna River and the surrounding valley. The central location offers convenient access to major employers such as the new IM3 Gigafactory, BAE Systems, and the Huron Campus, all just minutes away.
The complex includes four 1-bedroom units, one 3-bedroom unit, and two studios, providing a variety of living options to suit diverse needs. Additionally, a new roof was installed on the front house in 2024, ensuring long-term value and reduced maintenance for future owners.
Experience a blend of scenic beauty and modern convenience at this property.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,108
|
$17.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,755
|
$0.86
|
| Effective Gross Income |
$71,353
|
$16.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
$24,505
|
$5.59
|
| Total Expenses |
$24,505
|
$5.59
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $75,108 |
| Annual Per SF | $17.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,755 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $71,353 |
| Annual Per SF | $16.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $24,505 |
| Annual Per SF | $5.59 |
| Total Expenses | |
|---|---|
| Annual | $24,505 |
| Annual Per SF | $5.59 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $419,000 | Apartment Style | Low-Rise |
| Price Per Unit | $59,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 11.18% | Building Size | 4,386 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | USF - Urban Single Family | ||
| Price | $419,000 |
| Price Per Unit | $59,857 |
| Sale Type | Investment |
| Cap Rate | 11.18% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,386 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | USF - Urban Single Family |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
- Yard
- Basement
- Freezer
- Window Coverings
Site Amenities
- Controlled Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $737.50 | - |
| 3+1 | 1 | $1,500 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 034601-156-016-0005-042-000-0000 | Improvements Assessment | $6,550 (2025) |
| Land Assessment | $450 (2025) | Total Assessment | $7,000 (2025) |
Property Taxes
Parcel Number
034601-156-016-0005-042-000-0000
Land Assessment
$450 (2025)
Improvements Assessment
$6,550 (2025)
Total Assessment
$7,000 (2025)
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514-516 Davis Ave | 514 Davis Ave
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