Introducing a prime investment opportunity at 257 Washington St, Binghamton, NY, 13901. This historic 1926 building boasts 12,544 SF of space, featuring 20 units tailored for modern living. Zoned CI and strategically positioned in the Binghamton MSA area, this property offers immense potential for a savvy Multifamily / Mid-Rise investor. With 11 units finished and leased, this is an excellent value-add opportunity.
This building has undergone significant high-end upgrades, including automatic locks on all doors, separate utilities, separate HVAC for all units, an elevator, a security system, and a fully sprinklered interior. Additionally, historical tax credits are available, offering valuable financial incentives for investors. The sale also includes all on-site equipment needed to complete the project. Don't miss out on this rare chance to invest in a property with such promising potential.
For sale
$1,799,000
257 Washington St, Binghamton, NY 13901
24beds
--baths
6,612sqft
Multi Family, Apartment
Built in 1926
-- sqft lot
$-- Zestimate®
$272/sqft
$-- HOA
What's special
Immense potentialSeparate utilitiesBinghamton msa areaSecurity systemFully sprinklered interiorZoned ci
- 79 days
- on Zillow |
- 272 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: February 21, 2025 at 02:52pm
Listing by:
INNOVATIVE COMMERCIAL ADVISORS 607-203-1826,
Scott Warren,
Angela M Martinez,
INNOVATIVE COMMERCIAL ADVISORS
Source: GBMLS,MLS#: 329888
Originating MLS: Greater Binghamton Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Cathedral Ceiling(s), Vaulted Ceiling(s)
- Flooring: Hardwood, Tile
- Basement: Walk-Out Access
Interior area
- Total interior livable area: 6,612 sqft
- Finished area above ground: 13,224
Video & virtual tour
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 0.42 Acres
- Features: Level
Details
- Parcel number: 03020016003300010070000000
- Zoning: Service Commercial
- Zoning description: Service Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Basement
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Binghamton
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $1,193,492
- Annual tax amount: $68,470
- Date on market: 2/6/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: OWNER
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