28 Lydia St Binghamton, NY 13905
First Ward NeighborhoodEstimated payment $1,724/month
Highlights
- Covered Patio or Porch
- Forced Air Heating System
- Vinyl Flooring
- Cooling System Mounted To A Wall/Window
- Level Lot
About This Home
4-UNIT MONEY MAKER INVESTMENT OPPORTUNITY with strong pro forma upside! Featuring two 2BR & two 1BR units. One 2BR currently rented at $1,100/month (below market). Pro forma rents projected at $1,200 for 2BR units & $1,100 for 1BR units. All units include utilities, highly desirable for tenants and supports strong occupancy. Interiors updated with new flooring, cabinets, & appliance suites including SS refrigerators, microwaves & gas ranges. Major capital improvements include new roof & hot water heaters, newer furnace, updated plumbing, electrical, & replacement windows. Clean, efficient layouts with modern finishes throughout. Off-street parking with additional rear space offering potential to expand parking. Washer & dryer on site with added income potential through coin-op conversion. Turnkey asset with immediate cash flow and strong upside. Pro forma cap rate approx. 17%. Excellent opportunity for investor seeking high return property. SOME PHOTOS ARE VIRTUALLY STAGED. LOW TAXES
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,736
Year Built
- Built in 1960
Parking
- On-Street Parking
Home Design
- Quadruplex
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,500 Sq Ft Home
- Vinyl Flooring
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Woodrow Wilson Elementary School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Vented Exhaust Fan
- Gas Water Heater
- Cable TV Available
Additional Features
- Covered Patio or Porch
- Level Lot
Listing and Financial Details
- Assessor Parcel Number 030200-144-079-0003-029-000-0000
Community Details
Overview
- 4 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,800
- Water Sewer Expense $1,200
- Gross Income $57,000
- Net Operating Income $42,664
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 | $4,731 | $48,000 | $7,200 | $40,800 |
| 2024 | $4,731 | $48,000 | $7,200 | $40,800 |
| 2023 | $4,644 | $48,000 | $7,200 | $40,800 |
| 2022 | $4,535 | $48,000 | $7,200 | $40,800 |
| 2021 | $4,484 | $48,000 | $7,200 | $40,800 |
| 2020 | $4,499 | $48,000 | $7,200 | $40,800 |
| 2019 | $2,399 | $48,000 | $7,200 | $40,800 |
| 2018 | $4,371 | $48,000 | $7,200 | $40,800 |
| 2017 | $4,394 | $48,000 | $7,200 | $40,800 |
| 2016 | $4,420 | $48,000 | $7,200 | $40,800 |
| 2015 | $3,906 | $48,000 | $7,200 | $40,800 |
| 2014 | $3,906 | $48,000 | $7,200 | $40,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $249,000 | -- | $100 / Sq Ft |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 335166
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Ask me questions while you tour the home.