132 Main St 9 Unit Apartment Building $678,000 ($75,333/Unit) 8.24% Cap Rate Binghamton, NY 13905

Property Description
Offered for sale is a well maintained 9 unit mixed use building with a proven rental profile. The unit mix includes three one bedroom units, one efficiency, three studios, one two bedroom unit, plus a separately leased office. The property has benefited from major capital improvements within the past five years, including a new roof, fire escape, plumbing, and electrical systems.
The building is professionally managed with an on-site superintendent in place and has demonstrated consistent performance supported by its Main Street setting, transit access, and commercial zoning that allows flexibility for multifamily or student housing use.
Location Description
Located on Main Street in Binghamton, 132 Main Street offers a centrally positioned location well suited for multifamily or student housing use. The property sits near the intersections of Crandall Street, Chestnut Street, and Jarvis Street, providing convenient access to downtown and surrounding neighborhoods. The area features a walkability score of 82, with grocery stores, restaurants, retail, fitness, and daily services within walking distance. Main Street carries average daily traffic counts of approximately 12,690 vehicles, supporting consistent activity. The property is served by both SUNY and public transportation bus routes, reinforcing strong rental demand. Commercial zoning allows flexibility for residential or mixed-use configurations, including student housing.