$219,000
SOLD MAY 30, 2025
6 Beds
-- Bath
3,847 Sq Ft
1900 Built

Recently Sold

$57 Per Sq Ft

12% Below List Price

6 Days on Market

About This Home

As of May 2025

4 unit fully rented investment property priced at approximately a 12.5% cap rate with upside potential. Fully rented through May/June 2026. One 3 bed unit and Three 1 bed units. Separate utilities but owners pay gas+electric for 1 of the units starting June 1. Member of owning entity is a licensed Real Estate Broker in New York State.

Last Agent to Sell the Property

Nate Weinberg

EQUITY VENTURE REALTY, LLC. License #10491210552 Listed on: 04/15/2025

Last Buyer's Agent

Lisberto Calvo Garcia

INNOVATIVE COMMERCIAL ADVISORS License #10401364805

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,406

Year Built

  • Built in 1900

Home Design

  • 3,847 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • Horace Mann Elementary School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 030200-160-031-0004-027-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,260
  • Gross Income $48,300
  • Net Operating Income $31,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,406

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 42 × 175
  • Professional Management Expense: 2000.0
  • Ownership: OWNER
  • Directions: From Main St, North on Oak St
  • Above Grade Finished Sq Ft: 3847.0
  • Garage Yn: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Flooring: Other, See Remarks
  • Living Area: 3847.0

Exterior Features

  • Lot Features: Other, See Remarks
  • Construction Type: Other
  • Exterior Features: Other
  • Foundation Details: Other, See Remarks

Garage/Parking

  • Parking Features: Other, See Remarks

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 2591.0
  • Annual Water Sewer Expense: 2260.0

Schools

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

Lot Info

  • Parcel #: 030200-160-031-0004-027-000-0000
  • Zoning Description: R-3
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 48300.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 31543.0
  • Annual Operating Expense: 16757.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Tax Info

  • Tax Annual Amount: 6406.0
  • Tax Book Number: 160.31-4-27

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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 Change Sq Ft Price
05/30/2025 05/30/25 Sold $219,000 -12.0% $57 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
04/15/2025 04/15/25 For Sale $249,000 0.0% $65 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/27/2025 01/27/25 For Rent -- -- --
Source: Greater Binghamton Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 330690