Prime investment opportunity: fully leased 12-unit multifamily property on Main Street in Binghamton, offering excellent rental demand in a highly sought-after location. Directly across from a new commercial development, this property provides convenient access to public and student bus lines, with a walkability score of 79, close to numerous restaurants, shops, and amenities. The building consists of six 2-bedroom and six 1-bedroom units, each with separate electric meters. Recent improvements include a new boiler (2022), roof coating (2023), and upgraded security systems. With 12,654 daily traffic count and commercial zoning, this property is ideal for multifamily or student housing, ensuring strong cash flow and growth potential.
Sold for $616,667 on 02/07/25
$616,667
272 Main St, Binghamton, NY 13905
18beds
5,700sqft
Multi Family, Apartment
Built in 1960
-- sqft lot
$651,100 Zestimate®
$108/sqft
$1,226 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 08, 2025 at 04:34am
Listed by:
Scott Warren,
INNOVATIVE COMMERCIAL ADVISORS
Bought with:
James Lucenti, 10401302147
INNOVATIVE COMMERCIAL ADVISORS
Source: GBMLS,MLS#: 327406
Originating MLS: Greater Binghamton Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 8
- Full bathrooms: 12
Heating
- Baseboard
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Tile
Interior area
- Total interior livable area: 5,700 sqft
- Finished area above ground: 5,700
Property
Parking
- Parking features: Driveway
Lot
- Size: 9,850 sqft
- Dimensions: 50 x 197
- Features: Level
Details
- Parcel number: 03020014308400020210000000
- Zoning: SC
- Zoning description: SC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subtype: Multi Family, Apartment
Materials
- Cedar
- Foundation: Basement
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Binghamton
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: OWNER