Contacts
SVN | Innovative Commercial Advisors
Property Details
- Property Type Multi-Family
- Property Size 8,134 SF
- Units 9
- Lot Size 0.18 Acre
- Property Tenancy Multi-Tenant
- Year Built 1960
- Year Renovated 2021
- Date Updated Jun 29, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Ample off-street parking, a highly desirable feature for student tenants and a competitive advantage in the market
- Desirable unit mix consisting of six 3-bedroom units and three studio apartments, providing multiple rental income streams
- Fully sprinklered and secured building with a solid steel fire escape, supporting tenant safety and marketability
- Immediate upside through rental optimization rather than costly building renovations
- Operationally efficient property with separately metered utilities, helping reduce owner expense exposure
- Opportunity to increase revenue through management, leasing strategy, and market rent growth rather than significant physical improvements
- Pro forma financials reflect achievable income growth supported by the property’s location, condition, and student housing demand
- Recently renovated asset featuring updated units, new kitchens, and dedicated laundry room
- Strong student housing fundamentals with walkability to the SUNY bus line, Downtown Binghamton, restaurants, shops, and amenities
- Turnkey physical condition with value-add economics, offering investors the ability to improve returns without undertaking a major renovation program
- Value-add student housing opportunity with limited capital expenditure required
- Well-positioned asset for investors seeking stabilized student housing with remaining upside
Attachments
Getting around
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72/100
Walk Score ®
-
74/100
Bike Score ®
Location
- City Binghamton, NY
- Zip Code 13905
Points of Interest
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Speedway
0.19 miles
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Sunoco
0.22 miles
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Gulf
0.83 miles
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Mirabito
0.97 miles
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Citgo
1.71 miles
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Tesla Supercharger
3.15 miles
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Lot UDC
0.52 miles
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Binghamton General Hospital Parking
1.05 miles
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UHS Summit Building Parking
1.10 miles
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UHS Parking
1.19 miles
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Lot HSC2
1.83 miles
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Lot HSC1
1.94 miles
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Lot J
2.04 miles
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Lot J1
2.10 miles
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DoubleTree
0.32 miles
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Holiday Inn Binghamton Downtown
0.44 miles
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The Grand Royale Hotel
0.52 miles
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Red Roof Inn Binghamton North
1.65 miles
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Econo Lodge
1.72 miles
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Microtel Inn & Suites by Wyndham Binghamton
1.72 miles
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Residence Inn
1.97 miles
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Fairfield Inn Marriott
2.12 miles
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Quality Inn & Suites
2.78 miles
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Comfort Inn
2.88 miles
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Boscov's
0.34 miles
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A-1 Grocery & Halal Meat
0.43 miles
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Big Lots
0.80 miles
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Price Chopper
0.91 miles
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Plaza 5
0.92 miles
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Weis
1.11 miles
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Walmart Supercenter
1.63 miles
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Walmart
1.71 miles
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NOOR Halal Food & More
1.84 miles
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Dollar Depot
2.06 miles
SVN | Innovative Commercial Advisors