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32 Seminary Ave 32 Seminary Ave 2 Unit Apartment Building $638,000 ($319,000/Unit) 11.92% Cap Rate Binghamton, NY 13905
Investment Highlights
- Great Cash Flow
- Student Rental near Binghamton University campus
- Leased through May 2027
- Provides consistent per-bedroom rental income with long-term stability.
Executive Summary
Welcome to 32 Seminary Ave. This is an exceptionally well maintained & updated 11 Bedroom Duplex, located within the heart of the student zone of Binghamton! Updated throughout with new kitchens, bathrooms, hardwood floors & freshly painted. Large living rooms, a beautifully finished attic as a bonus room! This property is rented through May 2027, providing immediate and stable cash flow. Tenants pay all utilities, water, sewer, gas & electric. This is a rare opportunity to acquire a high performing, low maintenance student rental in a prime location! Beautifully situated at an 11.5% cap rate!!
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $638,000 | Property Subtype | Apartment |
| Price Per Unit | $319,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 11.92% | Building Size | 3,908 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Zoning | YES | ||
| Price | $638,000 |
| Price Per Unit | $319,000 |
| Sale Type | Investment |
| Cap Rate | 11.92% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,908 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | YES |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3 | 1 | $4,260 | - |
| 5+2 | 1 | $3,250 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 030200-160-047-0001-007-000-0000 | Total Assessment | $85,000 (2025) |
| Land Assessment | $18,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $67,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
030200-160-047-0001-007-000-0000
Land Assessment
$18,000 (2025)
Improvements Assessment
$67,000 (2025)
Total Assessment
$85,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Sall Associates - Mountain Shadow Apartments
32 Seminary Ave | 32 Seminary Ave
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