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136 Chapin St 6 Unit Apartment Building $929,000 ($154,833/Unit) Binghamton, NY 13905
INVESTMENT HIGHLIGHTS
- Proven Demand Drivers – Supported by Binghamton University’s 18,000 students and limited on-campus housing, ensuring consistent occupancy and rent sta
- Strategic Market Momentum- Located in New York’s Southern Tier
- Professional Management in Place – Available at just 5%, providing operational efficiency, continuity, and immediate scalability.
- Where university growth, healthcare investment, and downtown redevelopment continue to drive investor activity.
EXECUTIVE SUMMARY
136 Chapin Street is a well maintained, turnkey student housing asset in Binghamton, New York. The building totals roughly 8,460 square feet and is configured as 7 units with 22 beds. 20 beds are currently leased, and several have been secured in advance for the upcoming semester, providing steady near-term income.
The property sits in R3 zoning just off Main Street within a short walk to the Court Street Bridge and Downtown. This location continues to attract strong student demand and supports consistent occupancy.
Recent capital improvements include a new roof and a new boiler, along with other updates that reduce near term maintenance exposure. This is a clean, stabilized opportunity for investors seeking a reliable student housing property in a proven Binghamton location.
The property sits in R3 zoning just off Main Street within a short walk to the Court Street Bridge and Downtown. This location continues to attract strong student demand and supports consistent occupancy.
Recent capital improvements include a new roof and a new boiler, along with other updates that reduce near term maintenance exposure. This is a clean, stabilized opportunity for investors seeking a reliable student housing property in a proven Binghamton location.
PROPERTY FACTS
| Price | $929,000 | Building Class | C |
| Price Per Unit | $154,833 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 8,460 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | COM | ||
| Price | $929,000 |
| Price Per Unit | $154,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,460 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | COM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 5 | - | - |
| 4+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 030200-160-039-0002-028-000-0000 | Improvements Assessment | $139,100 |
| Land Assessment | $19,900 | Total Assessment | $159,000 |
PROPERTY TAXES
Parcel Number
030200-160-039-0002-028-000-0000
Land Assessment
$19,900
Improvements Assessment
$139,100
Total Assessment
$159,000
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136 Chapin St
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