12 Franklin St Binghamton, NY 13905
First Ward NeighborhoodEstimated payment $868/month
Highlights
- Forced Air Heating System
- Level Lot
- Carpet
About This Home
Investor opportunity in a convenient Binghamton location with easy access to NY-17/I-86 and Front Street. This fully occupied 2-unit property features two 2-bedroom apartments, each rented at $1,050 per month, providing immediate and stable cash flow from day one. With a current cap rate of approximately 12.3%, this property offers strong returns for both new and seasoned investors. The property includes separate heating systems, with one furnace located in the attic. A straightforward investment with solid income, strong cash flow, and a desirable location close to major transportation routes, shopping, and employment centers.
Listing Agent
INNOVATIVE COMMERCIAL ADVISORS License #10401364805 Listed on: 06/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,954
Year Built
- Built in 1900
Lot Details
- Level Lot
Parking
- Driveway
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 1,848 Sq Ft Home
- Partial Basement
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Woodrow Wilson Elementary School
Utilities
- No Cooling
- Forced Air Heating System
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Insurance Expense $1,000
- Maintenance Expense $1,260
- Water Sewer Expense $1,200
- Gross Income $25,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $30,000 | $6,000 | $24,000 |
| 2024 | $2,957 | $30,000 | $6,000 | $24,000 |
| 2023 | $2,903 | $30,000 | $6,000 | $24,000 |
| 2022 | $2,834 | $30,000 | $6,000 | $24,000 |
| 2021 | $2,803 | $30,000 | $6,000 | $24,000 |
| 2020 | $1,853 | $30,000 | $6,000 | $24,000 |
| 2019 | $946 | $30,000 | $6,000 | $24,000 |
| 2018 | $1,807 | $30,000 | $6,000 | $24,000 |
| 2017 | $1,816 | $30,000 | $6,000 | $24,000 |
| 2016 | $1,824 | $30,000 | $6,000 | $24,000 |
| 2015 | $1,620 | $30,000 | $6,000 | $24,000 |
| 2014 | $1,620 | $30,000 | $6,000 | $24,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/13/2026 06/13/26 | For Sale | $130,000 | +12.1% | $70 / Sq Ft | |
| 10/18/2024 10/18/24 | Sold | $116,000 | +6.4% | $63 / Sq Ft | View Prior Sale |
| 05/06/2024 05/06/24 | For Sale | $109,000 | +269.5% | $59 / Sq Ft | |
| 11/16/2020 11/16/20 | Sold | $29,500 | -1.7% | $16 / Sq Ft | View Prior Sale |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- | |
| 09/14/2020 09/14/20 | For Sale | $30,000 | -- | $16 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | None Listed On Document | |
| Warranty Deed | $110,000 | None Listed On Document | |
| Warranty Deed | $45,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $32,000 | -- | |
| Deed | $32,000 | Bob Madigan | |
| Deed | $10,028 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $88,000 | New Conventional |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 336409
APN: 030200-144-073-0001-007-000-0000
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Ask me questions while you tour the home.