75.5 Pine St Binghamton, NY 13901
Downtown Binghamton NeighborhoodEstimated payment $1,991/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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®
MLS Number: 334057
- 226 Court St Unit 10
- 198 Court St
- 198 Court St Unit 10
- 198 Court St Unit 6
- 198 Court St Unit 11
- 41 Fayette St
- 41 Fayette St
- 36.5 Fayette Unit 3
- 26 Doubleday St
- 16 Doubleday St Unit 1R
- 274 Chenango St Unit 1
- 7 Tompkins St Unit C11
- 213 Chenango St
- 131 Hawley St
- 38 Carroll St Unit 21
- 38 Carroll St
- 47 Carroll St Unit 1R
- 47 Carroll St Unit 1L
- 61 Prospect Ave Unit 3R
- 61 Prospect Ave Unit 4
Ask me questions while you tour the home.