$279,000
UNDER CONTRACT

Estimated payment $1,991/month

Total Views 14,559
9 Beds
-- Bath
3,310 Sq Ft
$84 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • Covered Patio or Porch
  • Baseboard Heating

About This Home

This stabilized, cash-flowing 5-unit property delivers a Net Operating Income of $33,769.50 and is priced at a 12.1% cap, offering strong, immediate returns for investors seeking hands-off, reliable income. Featuring 6 electric meters and 5 gas meters, the building’s utilities are set up for efficiency and minimal management hassle. Located just minutes from Downtown Binghamton, with easy access to Binghamton University, major hospitals, and public transportation, the property attracts long-term, dependable tenants, including students, professionals, and medical staff, ensuring consistent occupancy. A turnkey, low-maintenance investment with strong cash flow, prime location, and a proven track record — perfect for investors who want real, hands-free income from day one and a property that performs without guesswork.

Listing Agent

Vincent Lucenti

EXIT REALTY HOMEWARD BOUND License #10401398268 Listed on: 12/12/2025

EXIT REALTY HOMEWARD BOUND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,997

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 31 x 115
  • Level Lot

Home Design

  • 3,310 Sq Ft Home
  • Aluminum Siding
  • Composite Building Materials

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

  • Macarthur Elementary School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • 9 Bedrooms
  • Covered Patio or Porch
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-160-035-0002-026-000-0000

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $1,250
  • Maintenance Expense $3,697
  • Water Sewer Expense $1,200
  • Gross Income $51,015
  • Net Operating Income $33,769

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,997

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 31 x 115
  • Professional Management Expense: 5105.5
  • Ownership: OWNER
  • Directions: Use Carroll Street, turn right onto Pine Street, the property will be on your left.
  • Above Grade Finished Sq Ft: 3310.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1950
  • Property Sub Type Additional: Apartment
  • Special Features: 4224

Interior Features

  • Appliances: Gas Water Heater
  • Total Bedrooms: 9
  • Flooring: Carpet, Hardwood, Vinyl
  • Living Area: 3310.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding, Composite Siding
  • Exterior Features: Porch
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: MacArthur
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-035-0002-026-000-0000
  • Zoning Description: Com-1 (411)
  • Zoning: Com-1 (411)

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 51015.0
  • Insurance Expense: 1250.0
  • Maintenance Expense: 3697.0
  • Property Net Operating Income: 33769.0
  • Total Actual Rent: 53700.0
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 5997.0
  • Tax Book Number: 160.35-2-26

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2025 12/12/25 For Sale $279,000 +272.0% $84 / Sq Ft
05/06/2015 05/06/15 Sold $75,000 0.0% $22 / Sq Ft View Prior Sale
04/16/2015 04/16/15 Pending -- -- --
08/11/2014 08/11/14 For Sale $75,000 -- $22 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Source: Greater Binghamton Association of REALTORS®

MLS Number: 334057

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