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71 Main St 2 Unit Apartment Building $715,000 ($357,500/Unit) Binghamton, NY 13905
Investment Highlights
- Directly on Main St at the corner of Chapin.
- 4 Car detached Garage.
- 22 Surface parking spaces.
- Large complex. 10,472 SF.
- 2 Story Brick Carriage house.
- Walking distance to Downtown Binghamton.
Executive Summary
71 Main Street is a 10,472 SF Colonial-style property offering strong visibility and walkability within Binghamton. Located near downtown and the Court Street Bridge, the property benefits from a walk score of 82 and daily traffic counts of approximately 17,127 vehicles. Recent zoning updates allow for a variety of uses including student housing, professional offices, boutique hospitality, or private event space. The building features original woodwork, five fireplaces, multiple bathrooms, and a flexible layout suited for adaptive reuse. Two existing residential units provide added income potential. The site also includes a detached brick carriage house, a four-car garage, and approximately 22 on-site parking spaces. Owner financing is available to qualified buyers at a below-market 4% interest rate with flexible terms and 20% down.
Property Facts
| Price | $715,000 | Building Class | C |
| Price Per Unit | $357,500 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 16,075 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Price | $715,000 |
| Price Per Unit | $357,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 16,075 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.37/1,000 SF |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 030200-160-039-0001-012-000-0000 | Improvements Assessment | $165,900 |
| Land Assessment | $79,700 | Total Assessment | $245,600 |
Property Taxes
Parcel Number
030200-160-039-0001-012-000-0000
Land Assessment
$79,700
Improvements Assessment
$165,900
Total Assessment
$245,600
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