71 Albert St 4 Unit Apartment Building $374,900 ($93,725/Unit) Johnson City, NY 13790

Property Description
Fully renovated, turnkey 4-family property located in Johnson City offering a strong blend of stability and upside for investors. The building features 4 units, with 3 furnished apartments and 1 unfurnished unit, providing flexibility for both short-term or traditional rental strategies.
Each apartment has been thoughtfully updated with newer kitchens, modern bathrooms, laminate flooring, and fresh paint throughout, creating a clean and attractive living space for tenants. The property has been well cared for, with key mechanical updates already completed, including a newer boiler serving one of the main apartments and a new heater installed in the garage apartment.
In addition, the property includes a 4-car garage, presenting an excellent opportunity for additional income through tenant or third-party rentals.
This is a true turnkey asset ideal for investors looking for a low-maintenance property with immediate income potential. The furnished units offer the opportunity to command premium rents, while the overall condition minimizes near-term capital expenditures. Located in close proximity to local amenities, healthcare, shopping, and major roadways, this property is well-positioned to attract and retain tenants.
Location Description
71-73 Albert Street is strategically located in Johnson City just off Main Street, placing it in one of the area’s most accessible and tenant-demand-driven corridors. The property benefits from immediate access to Route 17 (I-86), providing efficient connectivity throughout the Southern Tier and supporting consistent rental demand.
The asset sits within close proximity to UHS Wilson Medical Center, a major local employer, along with nearby retail, dining, and public transportation options. This location supports a strong tenant base driven by healthcare, service, and local workforce employment, helping to stabilize occupancy over time.
From an investment perspective, the walkability, central location, and access to key amenities make this an attractive option for both current tenants and future leasing. Its positioning between Johnson City and downtown Binghamton further enhances long-term demand and rental upside potential.