NOT LISTED FOR SALE
5 Beds
-- Bath
3,093 Sq Ft
1960 Built

Sale Details

Date Sold: January 15, 2025

Last sale price $195,000 $63 Per Sq Ft

23 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot
  • Ceiling Fan
  • 1 Car Garage

About This Home

As of January 2025

Tremendous opportunity to own this 4 unit building in a developing area on the West Side of Binghamton. This property is in an area that has seen significant development in the past 5 years. This is in R3 zoning which is permissible for Student Housing. The West side of Binghamton has always been a popular area for students with a strong rental demand. This property is walking distance to the bus line and Downtown Binghamton. This has a very walkable score of 73. The current rents in the building are below market. There are 3 Garage stalls available to rent. Coin op laundry hookup on site. All units except 1 rear unit have had recent renovations. Separate meters.

Last Agent to Sell the Property

Scott Warren

INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 09/28/2024

Last Buyer's Agent

John Maczko

MACZKO REALTY License #40MA0657731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,553

Year Built

  • Built in 1960

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Aluminum Siding

Interior Spaces

  • 5 Bedrooms
  • 3,093 Sq Ft Home
  • Ceiling Fan
  • Basement

Flooring

  • Wood
  • Carpet
  • Tile

Lot Details

  • Lot Dimensions are 49x150
  • Level Lot

Schools

  • Horace Mann Elementary School

Utilities

  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 030200-160-031-0003-020-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $560
  • Net Operating Income $13,801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,553

Year Built

Built in 1960

Parking

1

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 49x150
  • Ownership: OWNER
  • Directions: Main to Edwards to North.
  • Above Grade Finished Sq Ft: 3093.0
  • Garage Yn: Yes
  • Structure Type: Apartment
  • Year Built: 1960
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Total Bedrooms: 5
  • Flooring: Carpet, Hardwood, Tile
  • Living Area: 3093.0

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Driveway

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 1869.0

Schools

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

Lot Info

  • Parcel #: 030200-160-031-0003-020-000-0000
  • Zoning Description: Residential multi Unit
  • Zoning: Residential multi Unit

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 699.0
  • Insurance Expense: 560.0
  • Property Net Operating Income: 13801.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 6553.0
  • Tax Book Number: 160.31-3-20
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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
01/15/2025 01/15/25 Sold $195,000 -2.5% $63 / Sq Ft
09/28/2024 09/28/24 For Sale $199,999 -- $65 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

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
2025 $6,692 $67,900 $7,400 $60,500
2024 $6,692 $67,900 $7,400 $60,500
2023 $6,570 $67,900 $7,400 $60,500
2022 $6,415 $67,900 $7,400 $60,500
2021 $6,343 $67,900 $7,400 $60,500
2020 $6,364 $67,900 $7,400 $60,500
2019 $3,393 $67,900 $7,400 $60,500
2018 $6,183 $67,900 $7,400 $60,500
2017 $6,216 $67,900 $7,400 $60,500
2016 $6,252 $67,900 $7,400 $60,500
2015 $5,525 $67,900 $7,400 $60,500
2014 $5,525 $67,900 $7,400 $60,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 327527

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