28 Frederick St Binghamton, NY 13901
Northside Binghamton NeighborhoodEstimated payment $2,337/month
Highlights
- Wood Flooring
- Baseboard Heating
- Level Lot
About This Home
This is an exceptional opportunity! This property includes a commercial space leased to a church, plus additional office space available for lease, offering immediate income with further leasing upside. The residential portion consists of one spacious 2-bedroom apartment, two 1-bedroom apartments, and one studio unit. The property sits on a prominent corner location at Frederick and Liberty Streets, just one block from the Brandywine Highway interchange, and benefits from heavy traffic counts and excellent exposure. Located directly across from the new affordable housing development on Liberty Street, the site is positioned in an area seeing continued activity and investment. Set on 0.72 acres, the offering also includes a large parking lot, making it attractive for tenants, visitors, and commercial users alike. With its strong location, existing income, and lease-up potential, this property presents a compelling turnkey investment with value-add opportunity.
Listing Agent
INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 04/21/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,447
Year Built
- Built in 1950
Lot Details
- Lot Dimensions are 62x302
- Level Lot
Parking
- Driveway
Home Design
- 5,888 Sq Ft Home
- Brick Exterior Construction
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Schools
- Theodore Roosevelt Elementary School
Utilities
- No Cooling
- Baseboard Heating
- Gas Water Heater
- Cable TV Available
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 030200-144-075-0003-005-000-0000
Community Details
Overview
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Insurance Expense $2,187
- Maintenance Expense $2,778
- Gross Income $58,500
- Net Operating Income $30,804
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 |
|---|---|---|---|---|
| 2025 | $8,436 | $85,600 | $10,100 | $75,500 |
| 2024 | $8,436 | $85,600 | $10,100 | $75,500 |
| 2023 | $8,283 | $85,600 | $10,100 | $75,500 |
| 2022 | $8,088 | $85,600 | $10,100 | $75,500 |
| 2021 | $7,997 | $85,600 | $10,100 | $75,500 |
| 2020 | $8,023 | $85,600 | $10,100 | $75,500 |
| 2019 | $4,278 | $85,600 | $10,100 | $75,500 |
| 2018 | $7,795 | $85,600 | $10,100 | $75,500 |
| 2017 | $7,836 | $85,600 | $10,100 | $75,500 |
| 2016 | $7,882 | $85,600 | $10,100 | $75,500 |
| 2015 | $6,966 | $85,600 | $10,100 | $75,500 |
| 2014 | $6,966 | $85,600 | $10,100 | $75,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $308,000 | -- | $52 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $150,000 | None Available | |
| Deed | $75,000 | -- |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 335552
APN: 030200-144-075-0003-005-000-0000
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Ask me questions while you tour the home.