$350,000

Estimated payment $3,263/month

Total Views 2,129
26 Beds
26 Baths
7,446 Sq Ft
$47 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot

About This Home

Offered for auction, this 26-unit studio apartment building is in Binghamton's emerging Stadium District. List price reflects the starting bid for the Ten-X online auction (July 27–29), with bidding starting at $350,000. The property offers strong rental history, immediate cash flow, and consistent tenant demand. Conveniently located within walking distance of SUNY bus routes, the Downtown Binghamton Transit Center, restaurants, retail, banking, and entertainment, attracts students, young professionals, and workforce renters. With stable occupancy, proven rental demand, operational simplicity, and value-add potential, this asset presents an opportunity to acquire a well-performing multifamily property in one of Binghamton's strongest rental markets. Projected financials are based on full occupancy. Actual vacancy rates may vary, although the property has demonstrated a strong leasing history. View DD docs & register at

Listing Agent

James Lucenti

INNOVATIVE COMMERCIAL ADVISORS License #10401302147 Listed on: 06/16/2026

Co-Listing Agent

Scott Warren

INNOVATIVE COMMERCIAL ADVISORS License #10491212432

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,093

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 45 x 119
  • Level Lot

Home Design

  • 7,446 Sq Ft Home
  • Stucco

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 26 Full Bathrooms

Schools

  • Macarthur Elementary School

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-160-034-0001-002-000-0000

Community Details

Overview

  • 26 Units
  • Great Lt #21 Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Insurance Expense $4,785
  • Maintenance Expense $10,680
  • Water Sewer Expense $3,900
  • Gross Income $267,000
  • Net Operating Income $181,324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,093

Year Built

Built in 1960

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 45 x 119
  • Professional Management Expense: 17755.0
  • Co List Office Mls Id: 7890
  • Co List Office Phone: 607-203-1826
  • Ownership: OWNER
  • Subdivision Name: Great Lt #21
  • Directions: Court Street headed East, left on state, righ on henry. Across the street from Post Office.
  • Above Grade Finished Sq Ft: 7446.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1960
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 26
  • Total Bedrooms: 26
  • Flooring: Hardwood, Vinyl
  • Living Area: 7446.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: None

Utilities

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

Fee Information

  • Annual Fuel Expense: 8046.0
  • Annual Water Sewer Expense: 3900.0

Schools

  • Elementary School: MacArthur
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-034-0001-002-000-0000
  • Zoning Description: Com 1 (411 - Apartment)
  • Zoning: Com 1 (411 - Apartment)

Multi Family

  • Number Of Units Total: 26
  • Electric Expense: 8046.0
  • Annual Gross Income: 267000.0
  • Insurance Expense: 4785.0
  • Maintenance Expense: 10680.0
  • Property Net Operating Income: 181324.0
  • Annual Operating Expense: 2026.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 16093.0
  • Tax Book Number: 160.34-1-2

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2026 06/16/26 For Sale $350,000 -- $47 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Source: Greater Binghamton Association of REALTORS®

MLS Number: 336480

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