Log In/Sign Up
Your email has been sent.
325 Main St - 325 Main St 6 Unit Apartment Building Offered at $420,000 at a 9.06% Cap Rate Binghamton, NY 13905
Investment Highlights
- - 6-unit multifamily property
- - Built in 1965 with potential for updates
- - Located in the Binghamton MSA area
- - 3,775 SF building size
- - Zoned Commercial and OK for Student Housing
Executive Summary
Offered for sale is this 6 Unit Building on Main Street in Binghamton's West Side. This is an excellent central location. Right across the Street from 327 Main. This is one block from the Johnson City Arch. This location has an average Daily traffic count of 7,484 and has a very walkable score of 80. This is walking distance to the Price Chopper Plaza as well as many West side shops and amenities. This is proper zoning for Student Housing. This has been recently renovated and stabilized.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$64,200
|
$17.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,210
|
$0.85
|
| Effective Gross Income |
$60,990
|
$16.16
|
| Taxes |
-
|
-
|
| Operating Expenses |
$22,931
|
$6.07
|
| Total Expenses |
$22,931
|
$6.07
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $64,200 |
| Annual Per SF | $17.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,210 |
| Annual Per SF | $0.85 |
| Effective Gross Income | |
|---|---|
| Annual | $60,990 |
| Annual Per SF | $16.16 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $22,931 |
| Annual Per SF | $6.07 |
| Total Expenses | |
|---|---|
| Annual | $22,931 |
| Annual Per SF | $6.07 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $420,000 | Building Class | C |
| Price Per Unit | $70,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,775 SF |
| Cap Rate | 9.06% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1965 |
| Property Type | Multifamily | ||
| Zoning | Commercial | ||
| Price | $420,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 9.06% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,775 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Zoning | Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $775.00 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 030200-143-075-0002-021-000-0000 | Improvements Assessment | $5,700 (2025) |
| Land Assessment | $59,300 (2025) | Total Assessment | $65,000 (2025) |
Property Taxes
Parcel Number
030200-143-075-0002-021-000-0000
Land Assessment
$59,300 (2025)
Improvements Assessment
$5,700 (2025)
Total Assessment
$65,000 (2025)
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
