322 W Franklin St Endicott, NY 13760
Estimated payment $2,586/month
Highlights
- Wood Flooring
- Forced Air Heating System
- Level Lot
- Covered Patio or Porch
About This Home
Back on the market due to buyer default, this well-maintained 4,176 SF, 6-unit multifamily building presents a high-yield investment opportunity in the rapidly growing Endicott market. Built in 1971 and located in the desirable Urban Single-Family (USF) Zone, the property offers strong cash flow, stable tenancy, and long-term appreciation potential. Each unit attracts quality tenants and supports a solid rental history, with one vacancy offering immediate lease-up or value-add upside. Recent upgrades include updated electrical, Municipal Electric for lower tenant costs, and a new coin-operated laundry system generating additional income. Tenants pay electric; landlord pays heat. Financial highlights include a 10% cap rate, 1.57 DSCR, and a $350,000 appraisal, with an inspection report and loan opinion letter from Dansker Capital Group available upon request, making this a turnkey, income-producing multifamily asset in one of Endicott’s most promising submarkets.
Listing Agent
INNOVATIVE COMMERCIAL ADVISORS License #10401302147 Listed on: 07/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,395
Year Built
- Built in 1971
Lot Details
- Lot Dimensions are 45 x 230
- Level Lot
Home Design
- 4,176 Sq Ft Home
- Stucco
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Ann G. Mcguinness Elementary School
Utilities
- No Cooling
- Forced Air Heating System
- Municipal Utilities District
- Gas Water Heater
Additional Features
- Range
- Covered Patio or Porch
- Basement
Listing and Financial Details
- Assessor Parcel Number 034601-156-012-0002-006-000-0000
Community Details
Overview
- 6 Units
- Hc Clarkes Sub/Day & Mercerea Subdivision
Building Details
- 7 Separate Electric Meters
- 5 Separate Gas Meters
- Insurance Expense $1,614
- Water Sewer Expense $1,743
- Gross Income $60,780
- Net Operating Income $35,525
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,379 | $6,700 | $650 | $6,050 |
| 2024 | $6,379 | $6,700 | $650 | $6,050 |
| 2023 | $6,250 | $6,700 | $650 | $6,050 |
| 2022 | $6,237 | $6,700 | $650 | $6,050 |
| 2021 | $6,082 | $6,700 | $650 | $6,050 |
| 2020 | $8,724 | $6,700 | $650 | $6,050 |
| 2019 | $0 | $6,700 | $650 | $6,050 |
| 2018 | $5,806 | $6,700 | $650 | $6,050 |
| 2017 | $5,696 | $6,700 | $650 | $6,050 |
| 2016 | $5,593 | $6,700 | $650 | $6,050 |
| 2015 | -- | $6,700 | $650 | $6,050 |
| 2014 | -- | $6,700 | $650 | $6,050 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/19/2025 07/19/25 | For Sale | $340,000 | -- | $81 / Sq Ft |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 332093
- 313 Jennings St
- 309 N Nanticoke Ave
- 111 W Union St
- 9 S Liberty Ave
- 112 E Wendell St
- 111 S Page Ave
- 117 Carden St
- 117 Badger Ave
- 537 Woodford Ave
- 305 E Franklin St
- 628 June St
- 307 E Franklin St
- 101 W Main St
- 108 S Loder Ave
- 204 Prospect St
- 105 Prospect St
- 616 Zimmer Ave
- 523 Glendale Dr
- 511 Glendale Dr
- 714 Elm St
- 205 Dwight Ave
- 203 N Nanticoke Ave
- 203 N Nanticoke Ave
- 108 North St
- 108 North St
- 100 Nanticoke Ave Unit 4
- 2-4-4 N Liberty Ave Unit 8
- 120 Badger Ave Unit 7
- 208 S Liberty Ave Unit 2
- 404 Exchange Ave
- 1 Jane Lacey Dr
- 800 North St Unit 1
- 804 Broad St Unit 2
- 802 North St Unit 3
- 106 Madison Ave Unit 1
- 816 Front St Unit Large 2nd Floor Flat
- 409 Milan Ave
- 124 Squires Ave Unit 2
- 236 Airport Rd Unit 2
- 1305 Front St
Ask me questions while you tour the home.