Seller's Agent in 2025
Scott Warren
INNOVATIVE COMMERCIAL ADVISORS
(607) 768-8568
13 in this area
132 Total Sales
272 Main St Binghamton, NY 13905
Far West Side Neighborhood
18
Beds
12
Baths
5,700
Sq Ft
10,019
Sq Ft Lot
Highlights
- Wood Flooring
- Baseboard Heating
- Level Lot
- Ceiling Fan
About This Home
As of February 2025Prime investment opportunity: fully leased 12-unit multifamily property on Main Street in Binghamton, offering excellent rental demand in a highly sought-after location. Directly across from a new commercial development, this property provides convenient access to public and student bus lines, with a walkability score of 79, close to numerous restaurants, shops, and amenities. The building consists of six 2-bedroom and six 1-bedroom units, each with separate electric meters. Recent improvements include a new boiler (2022), roof coating (2023), and upgraded security systems. With 12,654 daily traffic count and commercial zoning, this property is ideal for multifamily or student housing, ensuring strong cash flow and growth potential.
Last Agent to Sell the Property
INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 09/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,970
Year Built
- Built in 1960
Lot Details
- Lot Dimensions are 50x197
- Level Lot
Parking
- Driveway
Home Design
- Cedar Siding
Interior Spaces
- 5,700 Sq Ft Home
- Ceiling Fan
- Basement
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 18 Bedrooms
- 12 Full Bathrooms
Schools
- Thomas Jefferson Elementary School
Utilities
- Baseboard Heating
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 030200-143-084-0002-021-000-0000
Community Details
Overview
- 12 Units
Building Details
- 13 Separate Electric Meters
- 1 Separate Gas Meter
- Insurance Expense $2,925
- Net Operating Income $64,954
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $616,667 | -3.5% | $108 / Sq Ft | |
| 09/22/2024 09/22/24 | For Sale | $639,000 | +145.8% | $112 / Sq Ft | |
| 02/25/2020 02/25/20 | Sold | $260,000 | -25.7% | $32 / Sq Ft | View Prior Sale |
| 01/14/2020 01/14/20 | Pending | -- | -- | -- | |
| 07/01/2019 07/01/19 | For Sale | $350,000 | +48.9% | $43 / Sq Ft | |
| 07/05/2018 07/05/18 | Sold | $235,000 | 0.0% | $43 / Sq Ft | View Prior Sale |
| 05/25/2018 05/25/18 | Pending | -- | -- | -- | |
| 04/20/2018 04/20/18 | For Sale | $235,000 | +6.8% | $43 / Sq Ft | |
| 01/29/2015 01/29/15 | Sold | $220,000 | 0.0% | $39 / Sq Ft | View Prior Sale |
| 09/25/2014 09/25/14 | Pending | -- | -- | -- | |
| 08/01/2014 08/01/14 | For Sale | $220,000 | -- | $39 / Sq Ft |
Source: Greater Binghamton Association of REALTORS®
Tax History Compared to Growth
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 | $12,319 | $125,000 | $30,000 | $95,000 |
| 2023 | $12,095 | $125,000 | $30,000 | $95,000 |
| 2022 | $11,810 | $125,000 | $30,000 | $95,000 |
| 2021 | $11,678 | $125,000 | $30,000 | $95,000 |
| 2020 | $12,919 | $125,000 | $30,000 | $95,000 |
| 2019 | $6,247 | $125,000 | $30,000 | $95,000 |
| 2018 | $11,383 | $125,000 | $30,000 | $95,000 |
| 2017 | $11,443 | $125,000 | $30,000 | $95,000 |
| 2016 | $11,510 | $125,000 | $30,000 | $95,000 |
| 2015 | $10,172 | $125,000 | $30,000 | $95,000 |
| 2014 | $10,172 | $125,000 | $30,000 | $95,000 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Warren
-
James Lucenti
J
Buyer's Agent in 2025
James Lucenti
INNOVATIVE COMMERCIAL ADVISORS
5 in this area
95 Total Sales
-
John Farrell
Seller's Agent in 2015
John Farrell
EXIT REALTY HOMEWARD BOUND
(607) 760-5000
43 in this area
601 Total Sales
-
Thi Dinh
Buyer's Agent in 2015
Thi Dinh
HOWARD HANNA
(607) 240-8933
2 in this area
61 Total Sales
Map
Source: Greater Binghamton Association of REALTORS®
MLS Number: 327406
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