$258,000
UNDER CONTRACT

Estimated payment $1,622/month

Total Views 9,504
9 Beds
4.5 Baths
3,452 Sq Ft
$75 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot

About This Home

This fully occupied, two-building, four-unit property is ideally situated in Binghamton’s desirable West Side—an area experiencing steady growth in student and housing demand. Zoned R3, it’s fully approved for student rentals and is conveniently located within walking distance to Downtown Binghamton and major bus lines. The property has been well maintained and offers strong, reliable cash flow with a history of consistent occupancy. All utilities are separately metered—providing efficient management and clear tenant responsibility. Tenants pay all utilities except water and sewer. Recent capital improvements include: Two new boilers, 2 new hot water heaters, Laundry hookups available in the rear building’s common area This is an outstanding investment opportunity in a high-demand rental market—perfect for investors seeking solid returns and long-term growth potential.

Listing Agent

John Farrell

EXIT REALTY HOMEWARD BOUND License #30FA0760806 Listed on: 07/25/2025

EXIT REALTY HOMEWARD BOUND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,257

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 40x150
  • Level Lot

Parking

  • Driveway

Home Design

  • 3,452 Sq Ft Home
  • Quadruplex
  • Aluminum Siding

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms

Schools

  • Horace Mann Elementary School

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-160-031-0002-019-000-0000

Community Details

Overview

  • 4 Units
  • Thorps Location Subdivision

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $900
  • Net Operating Income $36,472

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,257

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 40x150
  • Ownership: OWNER
  • Subdivision Name: Thorps Location
  • Directions: Thorp to Walnut.. third building on the right
  • Above Grade Finished Sq Ft: 3452.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1880
  • Property Sub Type Additional: Quadruplex
  • Special Features: 4224

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Flooring: Carpet, Hardwood, Tile
  • Living Area: 3452.0

Exterior Features

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

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 900.0

Schools

  • Elementary School: Horace Mann
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-031-0002-019-000-0000
  • Zoning Description: Res Multi Unit Dwelling
  • Zoning: Res Multi Unit Dwelling

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 50.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 36472.0
  • Total Actual Rent: 41880.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Tax Info

  • Tax Annual Amount: 3257.0
  • Tax Book Number: 160.31-2-19

Map

Range of Values:

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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 Prior Sale
07/25/2025 07/25/25 For Sale $258,000 +405.9% $75 / Sq Ft
10/25/2019 10/25/19 Sold $51,000 -36.2% $17 / Sq Ft View Prior Sale
10/25/2019 10/25/19 Pending -- -- --
04/23/2018 04/23/18 For Sale $79,900 -- $27 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Source: Greater Binghamton Association of REALTORS®

MLS Number: 332217

APN: 030200 160.31-2-19