70 Adaline St.
Owego Multifamily with Income, Land, and Upside
Marketing 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.
Investment highlights
- 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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