NOT LISTED FOR SALE
36 Beds
18 Baths
16,000 Sq Ft
0.38 Acres

Last Sold March 28, 2025

Last sale price $1,100,000 $69 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot

About This Home

As of March 2025

Discover an exceptional investment opportunity in the heart of Binghamton's vibrant south side! This spacious multifamily building boasts approximately 16,000 square feet and features 18 two-bedroom apartments, making it an ideal choice for investors seeking strong rental income. Currently, 15 of the 18 apartments are rented, providing a solid and immediate income stream with the upside of developing this into an outstanding project. Each unit is designed with spacious 2-bedroom layouts, catering to a wide range of tenants. This can be outstanding market rate units or student housing. The property is located across the street from the Exchange Street Bridge, with direct walking access to downtown Binghamton. Units have separate electrical meters, prime for additional income. This building is a must-see! See attached spreadsheets for further insight and detail! Contact us today for more details or to schedule a viewing.

Last Agent to Sell the Property

John Maczko

MACZKO REALTY License #40MA0657731 Listed on: 10/31/2024

Last Buyer's Agent

John Farrell

EXIT REALTY HOMEWARD BOUND License #30FA0760806

EXIT REALTY HOMEWARD BOUND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,945

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 82 x 200
  • Level Lot

Parking

  • Driveway

Home Design

  • 16,000 Sq Ft Home
  • Brick Exterior Construction

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 18 Full Bathrooms

Schools

  • Macarthur Elementary School

Utilities

  • No Cooling
  • Baseboard Heating
  • Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-160-058-0003-002-000-0000

Community Details

Overview

  • 15 Units

Building Details

  • 22 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,945

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 82 x 200
  • Ownership: OWNER
  • Directions: Head toward Court St on State St. Go for 0.2 mi. Then 0.2 miles Keep left onto RT-434 W. Go for 0.4 mi. Then 0.4 miles Take ramp toward Conklin Avenue. Go for 0.1 mi. Then 0.1 miles Turn right onto Conklin Ave. Go for 0.3 mi. Then 0.3 miles 80 Conklin Ave Binghamton, NY 13903-1962
  • Above Grade Finished Sq Ft: 12000.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1965
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: See Remarks, Water Heater
  • Full Bathrooms: 18
  • Total Bedrooms: 36
  • Flooring: Carpet, Hardwood, Tile
  • Living Area: 16000.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Brick
  • Exterior Features: Other
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: Driveway, Parking Space(s)

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: MacArthur
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-058-0003-002-000-0000
  • Zoning Description: Residential Multi Unit Dw
  • Zoning: Residential Multi Unit Dw
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 15
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 19945.0
  • Tax Book Number: 160.58-3-2
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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
03/28/2025 03/28/25 Sold $1,100,000 -7.9% $69 / Sq Ft
01/06/2025 01/06/25 Off Market $1,195,000 -- --
10/31/2024 10/31/24 For Sale $1,195,000 -- $75 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $20,204 $205,000 $12,900 $192,100
2023 $19,835 $205,000 $12,900 $192,100
2022 $19,369 $205,000 $12,900 $192,100
2021 $19,152 $205,000 $12,900 $192,100
2020 $19,214 $205,000 $12,900 $192,100
2019 $10,245 $205,000 $12,900 $192,100
2018 $18,668 $205,000 $12,900 $192,100
2017 $18,766 $205,000 $12,900 $192,100
2016 $18,876 $205,000 $12,900 $192,100
2015 $16,909 $205,000 $12,900 $192,100
2014 $16,909 $205,000 $12,900 $192,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 327222