57-59 Albert Street

$289,000

57-59 Albert Street, Johnson City, NY 13790

For Sale

Multifamily Mid High Rise

Active

Last Updated: 04/30/2025

Details:

Building Size: 2,143 sqft

Lot Area: 0.2 acres

Occupancy: 100%

Units: 4

Offered by

Scott Warren

Broker and Managing Director

SVN Innovative Commercial Advisors

#10491212432

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Highlights:

Diverse Income Opportunity – Includes a renovated 3-unit multifamily building and a separate single-family home on one parcel.
Prime Location – Walking distance to UHS Wilson Medical Center and BU’s Health Sciences Campus.
Updated Units – All units renovated within the past five years, with separate utilities and on-site laundry.
Strong Rental Demand – Ideal for long-term tenants, student housing, or traveling healthcare professionals.

Description:

This unique investment opportunity features two adjacent buildings on a single tax parcel, strategically located in the heart of Johnson City's rapidly developing corridor.

57 Albert Street is a standalone single-family home, offering a private and manageable living space ideal for owner-occupancy or individual rental. Its proximity to major institutions makes it attractive to students, healthcare professionals, or short-term tenants.

59 Albert Street comprises a three-unit multifamily building, providing steady rental income across multiple units. All units have been renovated within the past five years, ensuring modern amenities and reduced maintenance costs.

Additional features include separate utilities for each unit and on-site coin-operated laundry facilities. The combined offering of a single-family home and a multifamily building on one parcel provides versatility for various investment strategies, whether you're looking to occupy one unit while renting the others or fully lease all units for maximum income generation.

Located on a quiet residential street in Johnson City, 57–59 Albert Street offers a well-positioned address just minutes from major employers and amenities. The property is less than a mile from UHS Wilson Medical Center and Binghamton University’s Health Sciences Campus, placing it near two of the area’s largest economic drivers. With quick access to Route 17/I-86 and Downtown Binghamton, the location provides both convenience and connectivity. Walkable to parks, public transit, and everyday essentials, this is a strong location for long-term rental demand.