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73 Oak St 21 Unit Apartment Building $278,888 ($13,280/Unit) 12% Cap Rate Binghamton, NY 13905
Investment Highlights
- Strong Binghaton rental market
- In student zone and near downtown
- Lots of updates
Executive Summary
73 Oak Street is a 6-unit residential building with all one-bedroom apartments — the most rentable
unit type in the Binghamton market. With six tenants diversifying your income risk and a price point
that delivers exceptional per-door value, this is the kind of asset that builds lasting wealth.
For investors coming from Philadelphia, New York, or New Jersey — you simply cannot buy 6 units in
your backyard at anything close to this price. Binghamton's steady rental demand, driven by
Binghamton University and a strong local workforce, makes this a compelling long-term hold.
Solid 6 units, in the student zone, rental increase potential
unit type in the Binghamton market. With six tenants diversifying your income risk and a price point
that delivers exceptional per-door value, this is the kind of asset that builds lasting wealth.
For investors coming from Philadelphia, New York, or New Jersey — you simply cannot buy 6 units in
your backyard at anything close to this price. Binghamton's steady rental demand, driven by
Binghamton University and a strong local workforce, makes this a compelling long-term hold.
Solid 6 units, in the student zone, rental increase potential
Financial Summary (Pro Forma - 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $278,888 | Apartment Style | Low-Rise |
| Price Per Unit | $13,280 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 12% | Building Size | 3,096 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.94/1,000 SF |
| Zoning | R-6 | ||
| Price | $278,888 |
| Price Per Unit | $13,280 |
| Sale Type | Investment |
| Cap Rate | 12% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,096 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | R-6 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Pet Play Area
- Recycling
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $737.50 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 030200-160-047-0003-034-000-0000 | Improvements Assessment | $68,500 (2025) |
| Land Assessment | $20,500 (2025) | Total Assessment | $89,000 (2025) |
Property Taxes
Parcel Number
030200-160-047-0003-034-000-0000
Land Assessment
$20,500 (2025)
Improvements Assessment
$68,500 (2025)
Total Assessment
$89,000 (2025)
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Photos
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Street
Map
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Sall Associates - Mountain Shadow Apartments
73 Oak St
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