Log In/Sign Up
Your email has been sent.
74 Carroll St 5 Unit Apartment Building $1,350,000 ($270,000/Unit) 10.86% Cap Rate Binghamton, NY 13901
Investment Highlights
- 13,020 SF mixed-use investment with residential and commercial income streams
- Student-focused layouts with multiple bathrooms and loft-style configurations
- Commercial space supported by a recently executed three-year lease
- Five residential units totaling 25 student beds
- Secure coded access at building and unit levels for operational control
- Larger parcel with off-street parking in a downtown-adjacent location
Executive Summary
74 Carroll Street is a 13,020 SF mixed-use investment opportunity positioned to capture both student housing demand and commercial income. The residential component includes five units totaling 25 student beds, designed with multi-bedroom layouts, multiple bathrooms, and loft-style configurations that align with current leasing preferences. Updated interior finishes help distinguish the property from competing inventory in the market.
The building features secure coded access at both the main entry and unit levels, supporting tenant quality and efficient management. The commercial space provides an additional income stream, supported by a recently executed three-year lease.
Situated just off Court Street, the property benefits from proximity to Binghamton University’s downtown presence, public transportation, and neighborhood retail. The larger parcel includes off-street parking, a key advantage in this market, supporting consistent demand and long-term performance.
The building features secure coded access at both the main entry and unit levels, supporting tenant quality and efficient management. The commercial space provides an additional income stream, supported by a recently executed three-year lease.
Situated just off Court Street, the property benefits from proximity to Binghamton University’s downtown presence, public transportation, and neighborhood retail. The larger parcel includes off-street parking, a key advantage in this market, supporting consistent demand and long-term performance.
Property Facts
| Price | $1,350,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $270,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 10.86% | Building Size | 13,020 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Zoning | Service Commercial | ||
| Price | $1,350,000 |
| Price Per Unit | $270,000 |
| Sale Type | Investment |
| Cap Rate | 10.86% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 13,020 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | Service Commercial |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 5 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 030200-160-042-0001-032-000-0000 | Improvements Assessment | $355,875 |
| Land Assessment | $73,125 | Total Assessment | $429,000 |
Property Taxes
Parcel Number
030200-160-042-0001-032-000-0000
Land Assessment
$73,125
Improvements Assessment
$355,875
Total Assessment
$429,000
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
74 Carroll St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.