70 Adaline St

Description:

70 Adaline Street presents the opportunity to acquire a well-maintained 5-unit multifamily property located in the Village of Owego. The property consists of spacious residential units with separate gas and electric meters, supporting efficient operations and reduced landlord utility exposure. Four of the five units are equipped with central air conditioning, offering a competitive advantage within the local rental market.

Positioned on a 0.29-acre parcel, the offering also includes a large, detached barn that provides additional storage, maintenance space, or future value-add potential. The property benefits from a strong rental history and convenient access to Downtown Owego, schools, shopping, and Route 17/I-86. With stable in-place occupancy and long-term upside through operational improvements and rental growth, 70 Adaline Street presents a solid multifamily investment opportunity in an established Southern Tier market.

 


Located within the Village of Owego, 70 Adaline Street benefits from proximity to Downtown Owego’s restaurants, retail, parks, and community amenities. The property is situated in a quiet residential setting while remaining just minutes from the area’s primary commercial and service corridors. Nearby access to Route 17/I-86 provides convenient regional connectivity to Binghamton, Vestal, Endicott, and surrounding employment centers throughout the Southern Tier.

Owego continues to attract residents seeking affordability, accessibility, and a strong small-town atmosphere with access to larger regional markets. The area’s established residential base, nearby employers, and convenient transportation access continue to support stable rental demand and long-term occupancy trends for multifamily properties.


5-unit multifamily investment opportunity
Approximately 4,320 SF on 0.29 acres
Separate gas and electric meters
Four units feature central air conditioning
Large detached barn with storage or value-add potential
Spacious lot configuration uncommon for similar assets
Strong rental history with stable tenant demand
Minutes from Downtown Owego and Route 17/I-86
Convenient access to regional employment hubs
Attractive basis at approximately $46/SF

 

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