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.
For sale
$199,000
70 Adaline St, Owego, NY 13827
8beds
5baths
4,320sqft
Multi Family, Apartment
Built in 1954
-- sqft lot
$-- Zestimate®
$46/sqft
$-- HOA
What's special
Central air conditioningSizable barnLarge level lotSpacious layouts
- 32 days
- on Zillow |
- 396 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 09:41am
Listing by:
INNOVATIVE COMMERCIAL ADVISORS 607-203-1826,
Scott Warren
Source: GBMLS,MLS#: 332219
Originating MLS: Greater Binghamton Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Tile
Interior area
- Total interior livable area: 4,320 sqft
- Finished area above ground: 4,320
Video & virtual tour
Property
Parking
- Parking features: Driveway
Lot
- Size: 0.29 Acres
- Dimensions: .29
- Features: Level
Details
- Parcel number: 49300111701900020500010000
- Zoning: Multi Family
- Zoning description: Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subtype: Multi Family, Apartment
Materials
- Aluminum Siding
- Foundation: Poured
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Owego
Financial & listing details
- Price per square foot: $46/sqft
- Tax assessed value: $193,290
- Annual tax amount: $4,940
- Date on market: 7/25/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: OWNER
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