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110 Walnut St
Binghamton, NY 13905
Multifamily Property For Sale
·
2 Units
EXECUTIVE SUMMARY
This fully occupied, two-building, four-unit property is ideally situated in Binghamton’s desirable West Side—an area experiencing steady growth in student and housing demand. Zoned R3, it’s fully approved for student rentals and is conveniently located within walking distance to Downtown Binghamton and major bus lines. The property has been well maintained and offers strong, reliable cash flow with a history of consistent occupancy. All utilities are separately metered—providing efficient management and clear tenant responsibility. Tenants pay all utilities except water and sewer. Recent capital improvements include: Two new boilers, 2 new hot water heaters, Laundry hookups available in the rear building’s common area. This is an outstanding investment opportunity in a high-demand rental market—perfect for investors seeking solid returns and long-term growth potential.
PROPERTY FACTS
| Price Per Unit | $129,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 2 | Building Size | 2,012 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1975/2021 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential Multi Unit - Residential Multi Unit | ||
| Price Per Unit | $129,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,012 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2021 |
| Zoning | Residential Multi Unit - Residential Multi Unit |
AMENITIES
UNIT AMENITIES
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 030200-160-031-0002-019-000-0000 | Improvements Assessment | $45,000 |
| Land Assessment | $6,000 | Total Assessment | $51,000 |
PROPERTY TAXES
Parcel Number
030200-160-031-0002-019-000-0000
Land Assessment
$6,000
Improvements Assessment
$45,000
Total Assessment
$51,000
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