1 - 3 Mather Street

Positioned on Binghamton’s established West Side, 1–3 Mather Street is located just off Main Street and within walking distance of the Court Street Bridge, providing direct connectivity between the neighborhood and Downtown Binghamton’s employment, dining, and entertainment districts. The property is serviced by both SUNY and public transportation routes and benefits from a Walk Score of 83, supporting strong demand from students and residents who prioritize walkable, transit-accessible locations. Main Street traffic counts of approximately 12,690 vehicles per day contribute to visibility and neighborhood activity. The combination of Downtown proximity, transportation access, and established residential density positions this location within one of Binghamton’s most consistently leased areas.Offered for sale is a 51-unit student housing complex consisting entirely of two-bedroom apartments across two well-maintained buildings in Binghamton's established West Side rental market. The property has benefited from ongoing capital improvements and features updated interiors throughout many units, including modern cabinetry, hard surface flooring, and refreshed bathroom finishes. Ownership has completed significant recent exterior improvements, including approximately $160,000 in new roofing. The property's utility configuration supports operational flexibility, with 3 Mather Street featuring separately metered electric service and individual furnaces for each unit, while 1 Mather Street operates under a master-metered utility structure. The offering also includes 98 Main Street, which provides parking necessary to support the complex. In addition to strong in-place income, the property offers future upside through existing zoning that permits up to 54 units, creating the potential to add three additional apartments. Positioned near Main Street, SUNY transportation routes, Downtown Binghamton, and neighborhood retail and service amenities, the property benefits from consistent student and workforce housing demand in one of the city's most established rental corridors.