Asset Type: Real Estate
Estate: Fee Simple
Land Area: 0.14 Acres
Number of Units: 9
Property Size: 7,920 SF
Property Type: Multifamily
Year Built: 1970
Number of Floors: 3
NOI: 53,396
Investment Highlights
- Fully occupied 9-unit multifamily property with strong rental history and stable in-place cash flow
- Recent capital improvements including new HVAC system and updated electrical
- Separate utilities for reduced operational expenses and future maintenance concerns
- Convenient access to shopping, restaurants, and employers. Located in the desirable Maine-Endwell Central School District
Offering Summary
3205 E Main Street presents a rare opportunity to acquire a fully occupied 9-unit multifamily asset in the heart of Endwell. Located within the desirable Maine-Endwell Central School District and directly on the bus line, the property benefits from strong tenant demand, a proven occupancy history, and stable in-place cash flow. Recent capital improvements include a new HVAC system, updated electrical, with separate utilities, enhancing operational efficiency and reducing future maintenance concerns. Positioned in a strong rental corridor near shopping, restaurants, major employers, and key transportation routes, the property offers convenient access to both Endicott and Binghamton. Historically known as the birthplace of IBM, Endicott continues to experience steady revitalization and reinvestment, supporting long-term rental demand and investment stability throughout the market. This is an excellent opportunity for investors seeking a stabilized multifamily property with recent upgrades, reliable performance, and long-term upside in one of Broome County’s most established rental markets.
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