1408 E Main St

Highlights:

• 6-unit multifamily property with a diverse unit mix of 1-, 2-, and 3-bedroom apartments
• Located on East Main Street with strong visibility and direct access to Route 26
• Adjacent to Dunkin' and near established retail and service amenities
• Separately metered electric with baseboard heat and individual hot water heaters in each unit
• Tenants responsible for electric, supporting a simplified operating structure
• In-place income with opportunity to improve expense efficiency and overall returns

Description:

Offered for sale is a 10-unit multifamily asset located along East Main Street in Endicott, New York, a well-traveled corridor with consistent demand and convenient access to surrounding amenities. Positioned directly adjacent to a Dunkin' location and within close proximity to Route 26 and public transportation routes, the property benefits from strong tenant accessibility and day-to-day convenience.

The property consists of 2 residential buildings, with 6 apartments in the front building and 4 apartments in the rear building. The unit mix includes 1-, 2-, and 3-bedroom apartments, providing broad tenant appeal and leasing flexibility. Each unit is separately metered for electric and features electric baseboard heating along with individual hot water heaters, creating a streamlined utility structure. Tenants are responsible for their own electric usage, while the landlord currently covers gas, water, sewer, and garbage.

An additional value-add opportunity exists through the potential acquisition of the neighboring lot at 1406 E Main Street, which is under separate ownership and may be available for purchase to provide additional parking.

With in-place income and a manageable operating profile, the property presents a straightforward investment opportunity. The combination of location, unit mix, utility configuration, and potential for expanded parking supports stable occupancy while offering opportunities to further optimize operations and improve overall returns.

1408 East Main Street is positioned along one of Endicott’s primary commercial corridors, offering strong visibility and direct connectivity throughout the Village of Endicott and surrounding communities. East Main Street serves as a key east-west route, linking residential neighborhoods with retail, service, and employment centers.

The property benefits from immediate access to Route 26, providing efficient travel to Binghamton, Johnson City, and other parts of Broome County. Public transportation is readily available along Main Street, supporting consistent tenant demand and accessibility.

Surrounding the property is a mix of established local businesses and national retailers, including Dunkin', contributing to steady foot traffic and convenience for residents. The area continues to benefit from ongoing regional investment and a stable rental base, making it a reliable multifamily location within the Southern Tier.

The building includes six apartments with a diverse mix of 1-bedroom, 2-bedroom, and 3-bedroom layouts. Tenants pay their own separately metered electric, the building is served by electric baseboard heat. Each unit also benefits from its own separate hot water heater. The landlord currently pays gas, water, sewer, and garbage. This is an attractive opportunity for an investor to acquire a well-located multifamily asset with existing income, operational upside, and low expense ratios.

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