Excellent Investment Opportunity – 9.6% CAP Rate...
Well-maintained 2-family property at 62-64 Decatur St, Binghamton. Each unit features 2 bedrooms and 1 bath. Basement-level garage parking adds tenant appeal and convenience. Low-maintenance exterior and mechanicals. Tenants pay all utilities, keeping owner expenses minimal. Solid rental history and strong cash flow make this a great addition to any portfolio. CAP rate of 9.6% based on current rents. Don’t miss this turnkey income-producing property!
Sold for $204,000
$204,000
62 Decatur St, Binghamton, NY 13903
4beds
1,920sqft
Duplex, Multi Family
Built in 1983
-- sqft lot
$208,300 Zestimate®
$106/sqft
$1,304 Estimated rent
Home value
$208,300
$177,000 - $246,000
$1,304/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 29, 2025 at 09:31am
Listed by:
Thomas J Reid,
EXIT REALTY HOMEWARD BOUND
Bought with:
Liam P Mallon, 10401371376
WARREN REAL ESTATE (FRONT STREET)
Source: GBMLS,MLS#: 331926
Originating MLS: Greater Binghamton Association of REALTORS
Originating MLS: Greater Binghamton Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet, Vinyl
Interior area
- Total interior livable area: 1,920 sqft
- Finished area above ground: 1,860
Property
Parking
- Total spaces: 2
- Parking features: Basement, Two Car Garage
- Attached garage spaces: 2
Features
- Patio & porch: Deck, Open
- Exterior features: Deck
Lot
- Size: 10,454 sqft
- Dimensions: 84 x 123
- Features: Level
Details
- Parcel number: 03020016105400010110000000
- Zoning: 220
- Zoning description: 220
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Aluminum Siding
- Foundation: Basement
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Binghamton
- Subdivision: Bingham Patent
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: OWNER
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Sold | $204,000+4.6%$106/sqft |
Source:  GBMLS #331926 Report a problem | ||
| 7/15/2025 | Contingent | $195,000$102/sqft |
Source: GBMLS #331926 Report a problem | ||
| 7/8/2025 | Listed for sale | $195,000+95%$102/sqft |
Source: GBMLS #331926 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/5/2017 | Listing removed | $950 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $74,000 |
| 2023 | -- | $74,000 |
| 2022 | -- | $74,000 |
Find assessor info on the county website
Neighborhood: 13903
Nearby schools
GreatSchools rating
- 5/10Benjamin Franklin Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10East Middle SchoolGrades: 6-8Distance: 1.3 mi
- 3/10Binghamton High SchoolGrades: PK,9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Benjamin Franklin
- District: Binghamton
Source: GBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.