23 Fayette St Binghamton, NY 13901
Downtown Binghamton NeighborhoodEstimated payment $798/month
Highlights
- Wood Flooring
- Level Lot
- 2-minute walk to Columbus Park
- Forced Air Heating System
About This Home
Huge value-add opportunity in Binghamton’s student zone! This triplex offers 9 bedrooms with potential for a 10th and sits in a high-demand rental area near BU bus lines and downtown. The property needs a full renovation, but the upside is significant — finished student rentals in this area can generate strong per-bedroom income and solid long-term returns. With three units to rework and plenty of bedroom capacity, there’s room to force major appreciation. Listed at $90,000 and sold as-is, this one is perfect for investors, contractors, or anyone looking to create serious cash flow. Properties with this much potential don’t last!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,870
Year Built
- Built in 1930
Lot Details
- Level Lot
Home Design
- Triplex
- Composite Building Materials
Interior Spaces
- 3,397 Sq Ft Home
- Wood Flooring
- Basement
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Schools
- Macarthur Elementary School
Utilities
- No Cooling
- Forced Air Heating System
- No Hot Water
Community Details
Overview
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $4,086 | $42,000 | $5,000 | $37,000 |
| 2023 | $4,064 | $42,000 | $5,000 | $37,000 |
| 2022 | $3,968 | $42,000 | $5,000 | $37,000 |
| 2021 | $3,924 | $42,000 | $5,000 | $37,000 |
| 2020 | $2,595 | $42,000 | $5,000 | $37,000 |
| 2019 | $1,324 | $42,000 | $5,000 | $37,000 |
| 2018 | $2,530 | $42,000 | $5,000 | $37,000 |
| 2017 | $2,543 | $42,000 | $5,000 | $37,000 |
| 2016 | $2,553 | $42,000 | $5,000 | $37,000 |
| 2015 | $2,268 | $42,000 | $5,000 | $37,000 |
| 2014 | $2,268 | $42,000 | $5,000 | $37,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $90,000 | -- | $26 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $95,638 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $94,366 | FHA |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 333703
APN: 030200-160-042-0002-010-000-0000
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