5 Mather St Binghamton, NY 13905
West Side NeighborhoodEstimated payment $6,309/month
Highlights
- Wood Flooring
- Storm Windows
- High Speed Internet
- Fenced Yard
- Hot Water Heating System
- Level Lot
About This Home
One of Binghamton's most proven West Side student housing addresses. 5 Mather Street sits in the heart of the R-3 student housing district — steps from Main Street, Downtown, and SUNY bus lines serving Binghamton University directly. Nine units across 8,556 SF with a by-the-room leasing model on three-bedroom units that maximizes per-unit revenue. Six 1-bedroom units and three 3-bedroom units, two boilers, three water heaters, six electric meters, and two sets of in-building laundry in place. Zoned for 12 units with expansion potential already infrastructures for 6 additional bedrooms. On-site maintenance conveying. Strong cap rate. 72-hour advance notice required. Proof of funds or pre-qualification required to schedule. Call listing agent for full offering memorandum.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,549
Year Built
- Built in 1965
Lot Details
- Lot Dimensions are 44 x 170
- Fenced Yard
- Level Lot
Parking
- On-Street Parking
Home Design
- Poured Concrete
- Stucco
Interior Spaces
- 8,556 Sq Ft Home
- Insulated Windows
- Wood Flooring
- Storm Windows
- Range
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Horace Mann Elementary School
Utilities
- Cooling System Mounted To A Wall/Window
- Radiator
- Hot Water Heating System
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 030200-160-030-0003-024-000-0000
Community Details
Overview
- 15 Units
Building Details
- 6 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $4,500
- Water Sewer Expense $4,500
- Gross Income $126,600
- Net Operating Income $71,460
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | $175,000 | $7,400 | $167,600 |
| 2024 | $17,247 | $175,000 | $7,400 | $167,600 |
| 2023 | $16,933 | $175,000 | $7,400 | $167,600 |
| 2022 | $16,534 | $175,000 | $7,400 | $167,600 |
| 2021 | $16,349 | $175,000 | $7,400 | $167,600 |
| 2020 | $16,402 | $175,000 | $7,400 | $167,600 |
| 2019 | $8,746 | $175,000 | $7,400 | $167,600 |
| 2018 | $15,936 | $175,000 | $7,400 | $167,600 |
| 2017 | $16,020 | $175,000 | $7,400 | $167,600 |
| 2016 | $16,114 | $175,000 | $7,400 | $167,600 |
| 2015 | $14,241 | $175,000 | $7,400 | $167,600 |
| 2014 | $14,241 | $175,000 | $7,400 | $167,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/02/2026 06/02/26 | Price Changed | $899,000 | -5.3% | $105 / Sq Ft | |
| 04/23/2026 04/23/26 | For Sale | $949,000 | +51.8% | $111 / Sq Ft | |
| 09/23/2022 09/23/22 | Sold | $625,000 | 0.0% | $73 / Sq Ft | View Prior Sale |
| 07/05/2022 07/05/22 | Pending | -- | -- | -- | |
| 06/16/2022 06/16/22 | For Sale | $625,000 | -- | $73 / Sq Ft |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 335551
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Ask me questions while you tour the home.