5 Mather St Binghamton, NY 13905
West Side NeighborhoodEstimated payment $6,493/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
| 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 | $17,247 | $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
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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
- 11 Mather St
- 4 Edwards St
- 84 Main St
- 58 North St
- 92 Walnut St
- 19 Edwards St
- 94 Walnut St Unit 1
- 37 North St Unit 1
- 102 Walnut St Unit 3 Bed
- 102 Walnut St Unit 1R
- 149 Chapin St Unit 1
- 109 Chestnut St
- 109 Chestnut St Unit 1
- 104 Walnut St Unit 1
- 101 Chestnut St Unit 101 Chestnut
- 36 North St
- 72 Walnut St
- 171 Chapin St Unit 3rd FL
- 171 Chapin St
- 171 Chapin St Unit 2nd FL
Ask me questions while you tour the home.