$199,000
UNDER CONTRACT

70 Adaline St Owego, NY 13827

Estimated payment $1,456/month

Total Views 5,667
8 Beds
-- Bath
4,320 Sq Ft
$46 Price per Sq Ft

Highlights

  • Wood Flooring
  • Level Lot
  • 2-minute walk to Hyde Park
  • Forced Air Heating and Cooling System

About This Home

Investor opportunity in the heart of Owego. This well-maintained 5-unit multifamily property features spacious layouts and a strong rental history. Four of the five units are equipped with central air conditioning. Situated on a large, level lot, the property also includes a sizable barn offering additional storage or potential for value-add use. With solid in-place income and operating expenses under control, this property is priced to sell at a cap rate above 12%. Conveniently located near schools, downtown amenities, and major routes. A turnkey asset with immediate cash flow and long-term upside.

Listing Agent

Scott Warren

INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 07/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,940

Year Built

  • Built in 1954

Parking

  • Driveway

Home Design

  • 4,320 Sq Ft Home
  • Poured Concrete
  • Aluminum Siding

Flooring

  • Wood
  • Carpet
  • Tile

Schools

  • Owego Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 8 Bedrooms
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number 493001-117-019-0002-050-001-0000

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,940

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: .29
  • Ownership: OWNER
  • Directions: George St to Spruce to Adaline
  • Above Grade Finished Sq Ft: 4320.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1954
  • Property Sub Type Additional: Apartment
  • Special Features: 4224

Interior Features

  • Appliances: Gas Water Heater
  • Total Bedrooms: 8
  • Flooring: Carpet, Hardwood, Tile
  • Living Area: 4320.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding
  • Foundation Details: Poured

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Owego
  • Junior High Dist: Owego Apalachin

Lot Info

  • Parcel #: 493001-117-019-0002-050-001-0000
  • Zoning Description: Multi Family
  • Zoning: Multi Family

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 1500.0
  • Insurance Expense: 540.0
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 4940.0
  • Tax Book Number: 117.19-2-50.1

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2025 07/25/25 For Sale $199,000 -- $46 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Source: Greater Binghamton Association of REALTORS®

MLS Number: 332219

New York Tioga County Owego 13827

70 Adaline St, Owego, NY

Under Contract

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Scott Warren
Listing Agent
Scott Warren
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INNOVATIVE COMMERCIAL ADVISORS
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