1606-1608 Tracy St

Highlights

• • 18 units across two adjacent buildings with strong in place occupancy
• • Over $278,000 in recent capital improvements with additional value add potential
• • Convenient access to Route 26, Route 434, and Interstate 86 near major national retailers
• • Auction opportunity scheduled for March 16th with immediate cash flow and upside through continued upgrades

Description

Offered for auction, this multifamily investment includes 18 apartment units across two contiguous buildings at 1606–1608 Tracy Street in Endicott, New York. The properties are largely occupied and provide immediate in place income with additional upside through continued unit upgrades and operational improvements.

The buildings are situated on approximately 0.17 acres with a combined footprint of 11,376 square feet and were previously part of a larger portfolio that received more than $278,000 in capital improvements. Renovations include unit repairs, appliances, HVAC components, water heaters, flooring, interior finishes, and roof work. A new owner can complete remaining upgrades and capture rental growth within the local submarket.

The location offers strong accessibility near the Route 26, Route 434, and Interstate 86 interchange and is surrounded by major national retailers including Walmart Supercenter, Lowe’s, Target, Sam’s Club, CVS, and Starbucks, along with nearby recreational amenities such as En-Joie Golf Club and Traditions at the Glen.

The Greater Binghamton multifamily market continues to show stable fundamentals with vacancy near 5.7% and consistent rent growth supported by limited new supply and a renter population exceeding 42% within the surrounding area. Ongoing regional investment, including new manufacturing activity and state supported research initiatives, continues to support long term demand.

Located one block from Main Street, this complex provides immediate access to NYS Route 26, I-86, and Route 434. The site is surrounded by major employers, shopping, dining, and essential services, making it highly desirable for residents and investors alike. Endicott’s continued revitalization and proximity to BAE Systems, The Huron Campus, and UHS facilities contribute to strong local rental performance and sustained market growth.