288 Robinson St 5 Unit Apartment Building $350,000 ($70,000/Unit) 5.94% Cap Rate Binghamton, NY 13904

Investor opportunity on Binghamton's East Side. This well-maintained 5-unit property features four apartments in the main building plus an attached single-family-style unit, offering a unique and attractive layout for tenants. Situated on a corner lot, the property includes 4 garages with 2 currently generating additional rental income. The property also features a coin-operated laundry area in the basement, providing added convenience for tenants and an additional income stream for ownership.
Major capital improvements have already been completed, including a metal roof (approx. 16 years old) and a shingle roof section on the main building (approx. 8 years old), as well as the garage roof (approx. 8 years old). Additional updates include new blown-in insulation, many newer windows, and a well-maintained combi boiler serving the main building. The property features separate electric meters for the main structure, along with separate electric and gas meters for the attached single-family-style unit.
Pride of ownership is evident throughout this property. A strong addition to any investment portfolio, offering stable income, additional garage revenue, laundry income, and long-term upside in a desirable East Side Binghamton location.
Located on Binghamton's desirable East Side, 288 Robinson Street offers convenient access to downtown Binghamton, major employers, shopping, dining, and public transportation. The property sits on a prominent corner lot in a well-established residential neighborhood known for its strong rental demand and proximity to everyday amenities. Just minutes from major roadways, schools, parks, and healthcare facilities, this location provides tenants with both convenience and accessibility while offering investors a proven rental market in one of Binghamton's most established neighborhoods.