59 Grand Ave
- 8-unit multifamily investment opportunity in Johnson City, NY
- Unit mix consists of eight one-bedroom apartments
- Located in the heart of Johnson City’s expanding healthcare and education corridor
- Walking distance to the new UHS medical complex
- Walking distance to Binghamton University’s School of Pharmacy and Pharmaceutical Sciences
- Near Binghamton University’s Decker College of Nursing and Health Sciences
- Ideally positioned for healthcare staff, university faculty, staff, graduate students, and area professionals
- Strong tenant appeal due to walkable access to major employment and education anchors
- Efficient one-bedroom unit mix supports broad rental demand
- Located near Main Street, Riverside Drive, public transportation, retail, restaurants, and everyday amenities
- Benefits from continued redevelopment and institutional investment in Johnson City
- Attractive opportunity to acquire a well-located multifamily asset in a growing rental submarket
- Strong long-term rental fundamentals supported by healthcare, education, and service-sector demand
Property Description
Excellent opportunity to acquire an 8-unit multifamily property in the heart of Johnson City’s expanding healthcare and education corridor. The building consists of eight one-bedroom units and is ideally positioned within walking distance of the new UHS medical complex, Binghamton University’s School of Pharmacy and Pharmaceutical Sciences, and the Decker College of Nursing and Health Sciences. This location provides strong tenant appeal for healthcare professionals, university faculty, staff, graduate students, and other residents seeking convenient access to major employment and education anchors. The property benefits from Johnson City’s continued investment and redevelopment activity, while offering investors a stable residential asset in a market supported by institutional demand drivers. With its efficient unit mix, walkable location, and proximity to significant new development, 59 Grand Avenue represents a compelling multifamily investment opportunity with durable long-term rental demand.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $615,000 |
| No. of Units: | 8 |
| Year Built: | 1970 |
| Lot Size: | 0.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $76,875 |
| Property Website | Click Here |
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