5 True Ave Binghamton, NY 13905
Estimated payment $1,555/month
Highlights
- Wood Flooring
- Covered Patio or Porch
- Landscaped
- Johnson City Primary School Rated A-
- Workshop
- Forced Air Heating System
About This Home
Well-Maintained Duplex – Fully Occupied Investment Opportunity
This well-cared-for duplex is located on a quiet dead-end street and features a huge yard, perfect for tenant enjoyment and added tenant appeal. Both units are fully occupied with tenants who have a strong rental history and are current on rent, providing immediate and steady income for the new owner.
The property also offers a partially finished basement with dedicated office space, providing additional functionality and value.
Current rents are below market, presenting an excellent opportunity for increased cash flow with future adjustments.
With its stable occupancy, desirable location, and strong upside potential, this property is a smart addition to any investor’s portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,919
Year Built
- Built in 1936
Lot Details
- Lot Dimensions are 95 x 150
- Landscaped
- Lot Sloped Up
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- 1,800 Sq Ft Home
- Insulated Windows
- Workshop
- Wood Flooring
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- Driveway
- On-Street Parking
Outdoor Features
- Covered Patio or Porch
Schools
- Johnson City Elementary School
Utilities
- No Cooling
- Forced Air Heating System
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Insurance Expense $1,200
- Water Sewer Expense $1,200
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 |
|---|---|---|---|---|
| 2024 | $3,113 | $74,900 | $13,300 | $61,600 |
| 2023 | $4,256 | $74,900 | $13,300 | $61,600 |
| 2022 | $4,164 | $74,900 | $13,300 | $61,600 |
| 2021 | $4,208 | $74,900 | $13,300 | $61,600 |
| 2020 | $4,392 | $74,900 | $13,300 | $61,600 |
| 2019 | $0 | $74,900 | $13,300 | $61,600 |
| 2018 | $3,891 | $74,900 | $13,300 | $61,600 |
| 2017 | $3,762 | $74,900 | $13,300 | $61,600 |
| 2016 | $3,953 | $74,900 | $13,300 | $61,600 |
| 2015 | -- | $44,785 | $13,300 | $31,485 |
| 2014 | -- | $44,785 | $13,300 | $31,485 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $215,000 | +216.2% | $119 / Sq Ft |
| 12/20/2012 12/20/12 | Sold | $68,000 | 0.0% | $38 / Sq Ft |
| 07/10/2012 07/10/12 | Pending | -- | -- | -- |
| 06/26/2012 06/26/12 | For Sale | $68,000 | -- | $38 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $68,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $54,400 | Unknown |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 332776
APN: 033089-143-060-0001-014-000-0000
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