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9 Marvin St 6 Unit Apartment Building $379,000 ($63,167/Unit) Deposit, NY 13754
INVESTMENT HIGHLIGHTS
- Solid Brick Building.
- Fully leased.
- Right around the corner from the Delaware River.
- Strong Rental History
EXECUTIVE SUMMARY
9 Marvin Street is a brick six-unit multifamily property offering both current income and long-term upside in Deposit, NY. The building totals 4,740 SF across three floors and features a functional unit mix of one 1-bedroom and five 2-bedroom apartments. The property has benefited from long-term tenancy and a stable operating history, providing in-place revenue while remaining well positioned for future improvement.
The investment opportunity is supported by durable 1970 construction and the ability to enhance returns through targeted property improvements and thoughtful rent growth as units turn over. The location supports tenant demand with convenient access to I-86 and proximity to the Delaware River and regional outdoor amenities that contribute to year-round activity.
The investment opportunity is supported by durable 1970 construction and the ability to enhance returns through targeted property improvements and thoughtful rent growth as units turn over. The location supports tenant demand with convenient access to I-86 and proximity to the Delaware River and regional outdoor amenities that contribute to year-round activity.
PROPERTY FACTS
| Price | $379,000 | Building Class | C |
| Price Per Unit | $63,167 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 4,740 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1994 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $379,000 |
| Price Per Unit | $63,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,740 SF |
| No. Stories | 3 |
| Year Built | 1994 |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
1 1
PROPERTY TAXES
| Parcel Number | 123001-349-017-0009-004-000 | Improvements Assessment | $5,635 |
| Land Assessment | $800 | Total Assessment | $6,435 |
PROPERTY TAXES
Parcel Number
123001-349-017-0009-004-000
Land Assessment
$800
Improvements Assessment
$5,635
Total Assessment
$6,435
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9 Marvin St
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